One 97 Communications Limited has informed the Exchange regarding Appointment of Ms. Urvashi Sahai as Additional Director in the capacity of Whole-time Director of the company w.e.f. July 22, 2025.
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Paytm's board approved multiple changes at its July 22, 2025 meeting. Ms. Urvashi Sahai, currently General Counsel and SVP-Legal since 2020 (with prior stints at Walmart India and Amarchand Mangaldas), was appointed as Additional Whole-time Director for a 5-year term, subject to shareholder approval. Mr. 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, supporting the CEO on business expansion and profitability. Independent Director Mr. Bimal Julka resigned effective July 22, 2025, citing personal interest in emerging technologies and ease of doing business. The board also approved Manorview Developers (a wholly-owned subsidiary of Adani Infrastructure & Developers) as the EPC contractor for its 10-acre IT/ITES complex in Noida Sector 159, with an estimated project cost of about INR 800 crores over 60 months, after dropping a prior joint development plan with ACE Builders. M/s Chandrasekaran Associates was appointed as Secretarial Auditor for FY 2025-26 to 2029-30.
Shareholders get continued CFO stability since Madhur Deora stays on in his executive role despite leaving the board. The INR 800 crore Noida project move to develop independently with an Adani-group EPC partner is a major capital deployment that may draw investor attention, while the independent director exit is routine and the new whole-time director appointment is an internal elevation.