One 97 Communications Limited has informed the Exchange regarding Cessation of Mr Madhur Deora as Director and Executive Director of the Company w.e.f. August 29, 2025.
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Paytm's parent One 97 Communications held its 25th AGM on August 29, 2025, where all 7 resolutions were passed, including adoption of FY25 financial statements (100% in favor). Shareholders approved not filling the board vacancy left by Mr. Madhur Deora, who retired by rotation and did not seek re-appointment as Director and Executive Director. Importantly, Mr. Deora continues in his full-time executive role as President and Group Chief Financial Officer — the change is limited to board composition only. Shareholders also approved the remuneration of CEO Vijay Shekhar Sharma (94.40% in favor) and appointed Ms. Urvashi Sahai as Executive Director and General Counsel (95% in favor).
Continuity in finance leadership is preserved since Madhur Deora stays on as Group CFO despite stepping off the board, so no operational disruption is expected. The high votes in favor of Vijay Shekhar Sharma's remuneration and the new director appointment signal shareholder confidence, though the 5–6% dissent on CEO pay is worth noting.