One 97 Communications Limited (PAYTM) — Announcement

1 Announcement Neutral 📄 PDF

📢 Key Event
Paytm approves ₹90 crore DLG arrangements and notes Independent Director's withdrawal of reappointment consent

🔄 What Changed
Independent Director Ashit Lilani will cease to be a director after July 4, 2026, ending his term and committee roles

💡 Investor Takeaway
Shareholders should note the director change and the company's expanded guarantee exposure up to ₹90 crore.

Paytm approved up to ₹90 crore default loss guarantees for lending partners and disclosed that Independent Director Ashit Lilani withdrew consent for reappointment due to professional commitments, ending his term on July 4, 2026, while the board expressed appreciation for his service.

2 Announcement Neutral 📄 PDF

📢 Key Event
Paytm approves ₹90 crore DLG arrangements and announces Independent Director's withdrawal of reappointment consent

🔄 What Changed
Independent Director Ashit Lilani withdrew consent for reappointment, ending his term; board accepted withdrawal

💡 Investor Takeaway
Shareholders should note the board lost an independent director and added a ₹90 crore contingent liability exposure.

Paytm approved up to ₹90 crore default loss guarantees for lending partners and announced that Independent Director Ashit Lilani withdrew consent for reappointment, ending his term on July 4, 2026, after serving since 2021. The board accepted his withdrawal and expressed appreciation for his contributions.

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