One 97 Communications has successfully completed the acquisition of shares in three strategic companies, marking a significant expansion of its business portfolio through targeted investments.

Strategic Acquisitions Completed

The company has finalized the purchase of shares in the following entities:

Business Portfolio Expansion

These acquisitions represent One 97 Communications' strategic approach to diversifying its operations across multiple technology and financial service segments. The completion of these share purchases demonstrates the company's commitment to expanding its presence in complementary business areas.

Investment Strategy

The finalization of these acquisitions indicates One 97 Communications' focus on strengthening its market position through strategic investments. By acquiring stakes in companies operating in software solutions, mobile technologies, and financial services, the company is positioning itself across various growth segments of the digital economy.

The successful completion of these share purchases marks an important milestone in One 97 Communications' expansion strategy, as the company continues to build its portfolio through targeted acquisitions in technology and financial services sectors.

One 97 Communications Limited (Paytm) has issued a postal ballot notice seeking shareholder approval for the appointment of a new Independent Director and associated remuneration arrangements. The notice outlines two key resolutions requiring member approval through remote e-voting.

Director Appointment Proposal

The company proposes to appoint Ms. Manisha Raj Raisinghani (DIN: 06798956) as a Non-Executive Independent Director. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, initially appointed her as an Additional Director.

Ms. Raisinghani brings extensive experience as the Founder and CEO of SiftHub, an AI-native platform for revenue teams. She previously co-founded LogiNext, a leading logistics automation and optimization SaaS platform used by global enterprises. Her educational background includes a Master's in Information Systems Management from Carnegie Mellon University.

Remuneration Framework

The second resolution seeks approval for Ms. Raisinghani's remuneration framework for three years. The proposed compensation structure follows the framework approved by members at the 24th Annual General Meeting.

The remuneration will be paid on a pro-rata basis based on actual committee memberships and meeting attendance, with a minimum 75% attendance requirement for attendance-linked fees.

Voting Process and Timeline

The company has implemented a fully electronic voting process in compliance with Ministry of Corporate Affairs circulars. Physical postal ballot forms will not be distributed to members.

The notice has been sent electronically to all members whose email addresses are registered with the company, registrar MUFG Intime India Private Limited, or depositories as of the cut-off date.

Regulatory Compliance

The appointment requires special resolution approval under Regulation 25(2A) of SEBI Listing Regulations. The company has engaged VAPN & Associates as scrutinizers, with Mr. Prabhakar Kumar (ICSI M. No. F5781) as the primary scrutinizer and Mr. Ashok Kumar (ICSI M. No. A55136) as the alternate.

Ms. Raisinghani has provided all required declarations, including confirmation of independence criteria under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of SEBI Listing Regulations. She has also registered with the Independent Directors' databank and completed the mandatory online proficiency assessment.

Financial Context

The proposed remuneration exceeds statutory limits under Section 197(1) of the Companies Act due to the company's current loss position but remains within Schedule V limits based on effective capital as of March 31, 2025. One 97 Communications achieved profitability milestones in Q1FY 2026 with EBITDA of ₹717.00 million and PAT of ₹1,226.00 million, continuing the trend in Q2FY 2026 with improved EBITDA of ₹1,422.00 million.