One 97 Communications Limited has informed the Exchange regarding Resignation of Mr Bimal Julka as Non- Executive Independent Director of the company w.e.f. July 22, 2025.
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Paytm's board met on July 22, 2025 and approved several decisions. Mr. Bimal Julka resigned as Non-Executive Independent Director to pursue interests in emerging technologies, effective the same day. Ms. Urvashi Sahai, currently General Counsel and SVP-Legal at Paytm (and previously at Walmart India), was appointed as an Additional Whole-time Director and Key Managerial Personnel for 5 years, subject to shareholder approval. Mr. Madhur Deora, Executive Director, President & Group CFO, will not seek re-appointment at the upcoming AGM and will step down from the board, though he continues as President and Group CFO. The board also approved appointing Manorview Developers (an Adani group subsidiary) as the EPC contractor for Paytm's 10-acre IT/ITES complex in Noida Sector 159, with an estimated development cost of about ₹800 crore and a 60-month timeline. M/s Chandrasekaran Associates was appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30).
The board changes are largely routine with no leadership vacuum — Deora stays on as CFO and a senior insider (Sahai) joins the board. The ₹800 crore Noida development signals Paytm is committing real capital to its long-pending land project, which could be a positive for long-term shareholders if executed well.