Management Change20 Jul 2026, 10:30 pm
One 97 Communications Appoints Amitabh Kumar Singhal as Director
AI Summary
One 97 Communications Ltd announced the appointment of Mr. Amitabh Kumar Singhal as a Non-Executive Non-Independent Director, effective July 20, 2026. Mr. Singhal, former Senior VP of Google Search and founder of Sitare Foundation, will hold office until the next Annual General Meeting. The Board also approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and a ₹100 crore investment in its subsidiary, Paytm Money Limited. Additionally, the company plans to revise the utilization of remaining IPO proceeds and extend the timeline to March 31, 2029, subject to shareholder approval. Amendments to the ESOP Scheme 2019 were also approved.
Key Highlights
- Amitabh Kumar Singhal appointed Non-Executive Non-Independent Director.
- Company approved Q1 FY27 unaudited financial results.
- ₹100 crore investment planned for Paytm Money Limited.
- Revised IPO proceeds utilization and timeline extension proposed.
- Amendments to ESOP Scheme 2019 approved.
Price Impact
More from PAYTM*