Paytm plans to cap non-executive independent directors' salaries at Rs 48 lakh annually to save costs and improve revenue.

Paytm plans to cap non-executive independent directors' salaries at Rs 48 lakh annually, down from previous highs of 20.7 million rupees per year, to save costs amid widening losses. The company aims to save between 400 and 500 crore rupees in employee costs annually and expects revenue and profitability to improve. The proposed changes aim to maintain the highest standards of corporate governance.

August 21, 2024
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