Paytm proposes salary cuts for board members, caps annual remuneration at Rs 48 lakh for good governance

One 97 Communications Limited, the parent company of Paytm, announced a salary revision for its executive members, highlighting its commitment to the company’s responsible financial discipline and good corporate governance. This was announced by the company ahead of its 24th Annual General Meeting (AGM) scheduled to be held on September 12, 2024. The new proposed remuneration framework will be subject to shareholder approval.

Previously, the annual salaries of Non-Executive Independent Directors of Paytm’s board members including Ashit Ranjit Lilani was set at Rs 1.65 crore, while that of Gopalasamudram Srinivasaraghavan Sundararajan was set at Rs 2.07 crore.