One 97 Communications’ board has approved the appointment of Vijay Shekhar Sharma as Managing Director of Paytm Payment Services Limited (PPSL), its 100% subsidiary, for a five-year term. The board also reviewed and approved the unaudited financial results for Q3 2026. Mrs. Pallavi Shardul Shroff will cease to be a director effective February 8, 2026, upon completion of her term.
Leadership Changes at PPSL
Vijay Shekhar Sharma, Chairman, Managing Director, and CEO of One 97 Communications, has been appointed as the Managing Director (designated as MD & CEO) of Paytm Payment Services Limited (PPSL). This appointment is for a term of five years beginning January 29, 2026, and is subject to applicable approvals. Mr. Sharma will continue to draw remuneration only from One 97 Communications.
Director Transition
Mrs. Pallavi Shardul Shroff, Independent Director, will complete her second consecutive term on February 8, 2026, and will cease to be a Director and member of Audit Committee and Nomination & Remuneration Committee of the Company on that date.
Q3 2026 Financial Highlights
The Board of Directors approved the unaudited standalone and consolidated financial results for Q3 2026, ended December 31, 2025. Key figures from the consolidated results include:
- Revenue from operations: ₹2,194 crores
- Other Income: ₹212 crores
- Total Income: ₹2,406 crores
- Profit before tax: ₹388 crores
Other Key Updates
The company is progressing with the conversion of outstanding optionally convertible debentures and convertible inter-corporate deposits in Little Internet Private Limited, a subsidiary, expected to be completed during FY 2026-27.
Source: BSE
