The fintech giant, Paytm, is actively focused on bolstering its financial standing through a series of recent strategic decisions. One significant decision made public prior to the recent AGM involves a proposal to decrease the annual remuneration of the Board of Directors.

In a statement to the stock market, Paytm’s parent company, One97 Communications, disclosed its ongoing process of revising the board directors’ salaries. The company’s AGM is scheduled for September 12, 2024, during which the board will deliberate on the proposal.

Emphasizing their dedication to sound governance practices, Paytm has meticulously crafted the new salary structure after evaluating industry standards. The company’s initiative ensures alignment with the salary frameworks of comparable companies in the sector.

Currently, Ashit Ranjith Leilani, the company’s non-executive independent director, receives an annual salary of Rs. 1.65 crores, while Gopal Samudram Srinivasaraghavan Sundararajan’s annual salary stands at Rs. 2.07 crores.

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