Pine Labs shareholders approved the re-appointment of Whole Time Director Kush Mehra and M/s B S R & Co. LLP as statutory auditors during its 28th Annual General Meeting held on September 16, 2026.

The meeting, conducted via video conferencing, also saw the approval of revised remuneration packages for three independent directors. Chairman and Managing Director B. Amrish Rau addressed the gathering, reflecting on the company's performance in FY26.

Key Resolutions Passed

Shareholders approved seven resolutions, comprising four ordinary and three special resolutions. The ordinary resolutions covered the adoption of financial statements for the year ended March 31, 2026, the re-appointment of Mr. Kush Mehra who retires by rotation, and the appointment of B S R & Co. LLP as statutory auditors with fixed remuneration.

The special resolutions focused on governance compensation adjustments:

• Revision in remuneration payable to Mr. Kush Mehra
• Revision in remuneration payable to Ms. Amrita Gangotra
• Revision in remuneration payable to Mr. Maninder Singh Juneja
• Revision in remuneration payable to Ms. Smita Chandramani Kumar

Management Presence

The following key personnel attended the virtual meeting:

Mr. Neerav Mehta confirmed that the requisite quorum was present. The Statutory Auditors, Secretarial Auditors, and Scrutinizer for e-voting were also present via video link. Ms. Ritu Mahajan of M/s Ritu Mahajan and Associates served as the scrutinizer for the voting process.

Voting and Proceedings

Remote e-voting had already been conducted prior to the meeting. Members who had not voted were given a 15-minute window after the conclusion of the formal proceedings to cast their votes. The scrutinizer’s report will be submitted to the chairman, with results disclosed to stock exchanges and published on the company website within prescribed timelines.

The Chairman thanked employees, merchants, banks, technology partners, and shareholders for their continued support before concluding the meeting at 2:21 pm.

Pine Labs has appointed Jayaram Karthik as its Chief Operations Officer. The veteran business leader brings over 25 years of experience across operations, risk, analytics, and technology.

Leadership background

Karthik joins the company with a proven track record of helping businesses scale while maintaining speed and trust. His professional history covers prominent organisations across financial services, technology, and commerce:

• American Express — financial services and payments
• Citibank — banking and financial operations
• Amazon — technology and e-commerce
• Tata — diversified conglomerate
• Razorpay — fintech and digital payments

He has held leadership positions at these firms, leading large-scale operational transformation and strengthening operating models.

Appointment details

In this role, Karthik will lead operations and merchant experiences across India and international markets. He will build technology-enabled operating models to deliver seamless journeys across the group. The appointment aims to strengthen operational capabilities for the company's next phase of growth.

B Amrish Rau, CEO of Pine Labs, noted that building a unified operational excellence model is central to scaling the company's footprint across more than 20 countries. He highlighted Karthik's expertise in streamlining complex processes for high-growth businesses.

Karthik stated that the next competitive advantage in fintech involves turning complexity into simplicity for customers through a combination of technology, operations, and experience.