Re-appointment of Mr. Ashit Ranjit Lilani (DIN: 00766821) as Non-Executive Independent Director of the Company for a second consecutive term of 5 years.
PAYTM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
One 97 Communications (Paytm) reported FY2026 profit of Rs 552 crores, turning around from a loss of Rs 663 crores in FY2025. Full-year revenue grew to Rs 8,437 crores from Rs 6,900 crores. The Board re-appointed Mr. Ashit Ranjit Lilani as Non-Executive Independent Director for a second consecutive 5-year term (July 5, 2026 to July 4, 2031), subject to shareholder approval. The appointment follows the recommendation of the Nomination & Remuneration Committee and is in compliance with SEBI regulations. The auditor issued unmodified reports on both standalone and consolidated financial results. The company also noted RBI's cancellation of Paytm Payments Bank's license, stating no direct financial or operational impact as the investment was already fully impaired.
Re-appointment of an experienced independent director supports board continuity and governance stability. The company returning to profitability in FY2026 is a positive signal for shareholders, though ongoing regulatory issues with Paytm Payments Bank continue to be monitored.