One 97 Communications Limited has informed the Exchange regarding Cessation of Mrs Pallavi Shardul Shroff (DIN: 00013580) as Non- Executive Independent Director of the Company w.e.f. the closure of business hours on February 08, 2026 due to completion of her second consecutive term as an Independent Director of the Company
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Mrs Pallavi Shardul Shroff (DIN: 00013580) has ceased to be a Non-Executive Independent Director of One 97 Communications Limited (Paytm's parent) with effect from the close of business hours on February 8, 2026. Her exit is due to the completion of her second consecutive term as an Independent Director, as per the maximum tenure permitted under applicable regulations. The company has informed the stock exchange about this board-level change. This is a routine, tenure-based transition rather than a sudden departure.
No material impact on shareholders or operations is expected, as this is a scheduled end of term. The company will need to appoint a new Independent Director to fill the vacancy and maintain the required board composition, which is a standard governance step.