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Sahreholders reappoint Vijay Shekhar Sharma to head Paytm for 5 more yrs Vijay Shekhar Sharma
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Sahreholders reappoint Vijay Shekhar Sharma to head Paytm for 5 more yrs

India Blooms News Service | @indiablooms | 21 Aug 2022, 08:52 pm

Vijay Shekhar Sharma has been once again appointed the Managing Director and Chief Executive Officer of Paytm as 99.67 percent of shareholders voted in favour of him.

One97 Communications Limited (OCL) held its 22nd Annual Annual General Meeting (AGM) and the first as a public listed company.

Vijay Shekhar Sharma has been reappointed as the Managing Director for five more years.

Earlier in May 2022, OCL's Board of Directors approved the reappointment of Sharma as Managing Director.

Further, Sharma's remuneration, fixed for the next three years without any annual increment, unlike the policy/practice applicable to all other employees of the company, received 94.48 per cent of votes in favour.

During the AGM, the shareholders also duly passed the resolutions for reappointment of Ravi Chandra Adusumalli to the Board, the appointment of Madhur Deora as whole-time Director designated as Executive Director, President and Group Chief Financial Officer of the company along with his remuneration, and approval of contribution to Charitable and other Funds and the receipt, consideration and adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022.

Under Vijay Shekhar Sharma's leadership, Paytm has established itself as the pioneer of QR payments, the market leader in digital payments, and constantly innovating in payments and digital financial services.