One 97 Communications Limited has informed the Exchange regarding Board meeting held on July 22, 2025.
PAYTM · price
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Paytm's board, at its meeting on July 22, 2025, approved several key decisions. Ms. Urvashi Sahai, currently General Counsel and SVP-Legal, was appointed as Additional Whole-time Director for a 5-year term. CFO Madhur Deora will step down as Executive Director at the upcoming AGM but will continue in his full-time role as President and Group CFO. Independent Director Bimal Julka resigned citing interest in emerging technologies. The board approved appointing Manorview Developers (an Adani group subsidiary) as EPC contractor for Paytm's 10-acre IT/ITES project in Noida Sector 159, with an estimated total development cost of approximately INR 800 crores, to be completed over 60 months. The earlier joint development plan with ACE Builders has been dropped. Chandrasekaran Associates was appointed as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30).
The INR 800 crore Noida project signals a significant capital deployment towards building a long-term office/IT campus, with the Adani partnership lending execution credibility. Leadership changes are continuity-positive—Deora stays on as CFO while an internal legal leader is elevated to the board, and the independent director exit appears non-controversial. Net effect is governance stability plus a large real estate capex commitment.