Paytm has announced a salary revision for its board members, capping non-executive compensation at ₹48 lakh annually, with a fixed component of ₹20 lakh.
This move, aimed at ensuring financial discipline and good corporate governance, will be presented for shareholder approval at the upcoming AGM on September 12, 2024. The company also plans to appoint former IRS officer Rajeev Agarwal as a non-executive independent director and reappoint Elevation Capital's Ravi Chandra Adusumalli to its board. Paytm shares slightly increased to ₹573.10 after the news.