Paytm plans salary cut for board members, annual compensation capped at ₹48 lakh

One 97 Communications Limited, Paytm’s parent company, announced a salary revision for its executive members ahead of its annual general meeting (AGM) on September 12, the company said in a statement. 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. This will be subject to shareholders’ approval, as per the company.