One 97 Communications Limited has informed the Exchange regarding the re-appointment of Mr. Ashit Ranjit Lilani (DIN:00766821) as Non-Executive Independent Director for a second consecutive term of 5 (Five) Years in the Outcome of Board Meeting held on May 06, 2026.
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One 97 Communications (Paytm) reported its Board meeting outcomes for May 06, 2026. The Board approved re-appointment of Mr. Ashit Ranjit Lilani as Non-Executive Independent Director for a second consecutive 5-year term (July 2026 to July 2031), subject to shareholder approval. The company posted FY2026 revenue of Rs 8,437 crores, up 22% from Rs 6,900 crores in FY2025. Full-year profit after tax was Rs 552 crores compared to a loss of Rs 663 crores in the prior year. Q4 FY2026 revenue stood at Rs 2,264 crores with PAT of Rs 183 crores. Auditors issued unmodified reports. Key notes include a pending FEMA Show Cause Notice from Directorate of Enforcement (aggregate value Rs 611 crores, some portions compounded by RBI), and RBI's cancellation of Paytm Payments Bank's license on April 24, 2026.
Paytm returned to profitability with strong revenue growth and reduced losses, which is positive for investor sentiment. The FEMA notice and Paytm Payments Bank closure represent ongoing regulatory headwinds. The director re-appointment maintains board stability and signals continuity in governance.