Paytm proposes salary cut for board members; annual compensation capped at ₹48 lakh

One 97 Communications Limited, popularly known as Paytm’s board of directors, announced a salary revision for its executive members to ensure good governance ahead of its annual general meeting (AGM) on September 12, 2024, according to the company’s statement on Wednesday, August 21.

Paytm capped the non-executive level compensation at ₹48 lakh, with a fixed component of ₹20 lakh, as a part of the revised remuneration structure subject to shareholders’ approval, according to the company.