One 97 Communications Limited has informed the Exchange regarding Cessation of Mr. Ashit Ranjit Lilani (DIN:00766821) as a Non- Executive Independent Director of the company w.e.f. closure of business hours on July 04, 2026.
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One 97 Communications Limited (Paytm's parent company) has informed the stock exchanges that Mr. Ashit Ranjit Lilani (DIN: 00766821) will cease to be a Non-Executive Independent Director of the company effective from the close of business hours on July 4, 2026. No reason for the cessation has been disclosed in the filing. The announcement is a routine corporate governance update about a single independent director's exit from the board.
This is a standard board-level change involving one independent director and is unlikely to have a material impact on the company's operations or stock price. Shareholders may want to watch for any future filings regarding the appointment of a replacement independent director to maintain board composition norms.