Paytm appoints former SEBI whole-time member Rajeev Agarwal as independent director

One 97 Communications, which owns brand Paytm, has appointed former SEBI whole-time member Rajeev Krishnamuralilal Agarwal to the board as non-executive independent director.

R.K. Agarwal, who is a former IRS officer, has come in as a replacement for Neeraj Arora, who had resigned citing “pre-occupation and personal commitments”.

“The board, at its meeting held today, i.e., June 17, 2024, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Shri Rajeev Krishnamuralilal Agarwal… as a non-executive independent director of the company with immediate effect for a term of five (5) consecutive years,” One 97 Communications said in a stock exchange filing.