Resignation

July 03, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543396 Symbol: PAYTM Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Independent Directors and Additions to Senior Management Personnel Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform that the Board of Directors at its meeting held today i.e., July 03, 2026, has approved the following appointments, further strengthening the Company’s Board with independent directors as the Company pursues next phase of growth and higher profitability: 1. Based on the recommendation of the Nomination and Remuneration Committee, and subject to the approval of the members of the Company in the ensuing Annual General Meeting, as per applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations: a. Appointment of industry veteran Mr. Narasinganallore Venkatesh Srinivasan (DIN: 01893686) as Non- Executive Independent Director of the Company with effect from July 05, 2026, for a term of three (3) consecutive years. Mr. Venkatesh Srinivasan brings over four decades of experience across finance, capital markets, banking, risk and treasury management, having held leadership positions at IDBI and the Association of Mutual Funds in India (AMFI). b. Appointment of Ms. Sachee Trivedi (DIN: 11767043), Founder and Managing Partner of Trident Capital Investments, as Non-Executive Independent Director of the Company with effect from July 05, 2026,for a term of three (3) consecutive years. Ms. Trivedi brings over two decades of experience spanning global equities investing and regulatory advisory in the financial services industry across the US and Europe, with a strong background in technology. She also holds leadership roles within Luxembourg’s business organisations. 2. Accepted the resignation tendered by Ms. Urvashi Sahai (DIN: 09521316), from the office of Whole-time Director and Key Managerial Personnel of the Company, in order to focus on her executive responsibilities within the Company, with effect from closure of business hours on July 05, 2026. Consequently, her position as a member of the Stakeholders’ Relationship Committee of the Company will also conclude with effect from the closure of business hours on July 05, 2026. She will continue to serve the Company in her existing executive capacity as General Counsel & Senior Vice President – Legal and designated as Senior Managerial Personnel of the Company with effect from July 06, 2026. The Board has placed on record its deep appreciation for the valuable guidance and services rendered by Ms. Sahai during her tenure. The necessary details and a copy of her email dated July 03, 2026, are attached herewith as Annexure - II. 3. Designation of Mr. Anuj Mittal (Senior Vice President – Investor Relations), Mr. Avijit Jain (Senior Vice President & Chief Operating Officer – Loan distribution) and Mr. Vikash Jalan (Chief Operating Officer – Consumer Payments) as additional Senior Management Personnel of the Company, based on the recommendation of the Nomination and Remuneration Committee, with effect from July 03, 2026. One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC108985 www.paytm.com Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019 The relevant details for Items 1, 2 & 3 above, as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (‘SEBI Master Circular’), are enclosed herewith as Annexure – I, Annexure – II and Annexure - III, respectively. The Board meeting commenced at 08:05 p.m. (IST) and concluded at 08:35 p.m. (IST). This disclosure will also be hosted on the Company's website viz. https://ir.paytm.com/. Kindly take the same on record. Thanking you Yours Sincerely, For One 97 Communications Limited Sunil Kumar Bansal Company Secretary & Compliance Officer FCS: 4810 One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC108985 www.paytm.com Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019 Information as required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and SEBI Master Circular dated January 30, 2026 Annexure – I S. No. Particulars Details Mr. Narasinganallore Venkatesh Ms. Sachee Trivedi Srinivasan 1. Reason for change Appointment of Mr. Narasinganallore Appointment of Ms. Sachee Trivedi viz. appointment, Venkatesh Srinivasan (DIN: 01893686) as (DIN: 11767043) as an Additional re-appointment, an Additional Director designated as Non- Director designated as Non-Executive removal, death or Executive Independent Director. Independent Director. otherwise 2. Date of Date of appointment: July 05, 2026 Date of appointment: July 05, 2026 appointment/re- appointment/cessa Term of appointment: The term of Term of appointment: The term of tion (as applicable) appointment as an Independent Director appointment as an Independent & term of shall be three (3) consecutive years w.e.f. Director shall be three (3) consecutive appointment/re- July 05, 2026, subject to the approval of years w.e.f. July 05, 2026, subject to the appointment members of the Company. approval of members of the Company. 3. Brief profile (in case Mr. Narasinganallore Venkatesh Ms. Sachee Trivedi is the Founder & of appointment (as Srinivasan has over four decades of Managing Partner of Trident Capital provided by them) experience in the financial sector in Investments, a FPI fund investing in matters relating to Finance, Risk India. Prior to founding Trident, she was Management, Treasury, International a Fund Manager with the Global Equities Banking, Capital Markets, Credit Risk, team at Columbia Threadneedle Market Risk, Information Technology, Investments in London. She began her Accounting Standards, Audit & Assurance career at KPMG in New York, where she as well as Bank Taxation and Financial advised financial services clients Modeling. Furthermore, he is an expert in through a period of significant Bank Strategy, Mergers & Acquisitions and regulatory reform following the global Turnaround of Banks. financial crisis. She serves on the Board of the Indian Business Chamber of He is currently the ex-officio member of Luxembourg (IBCL) and is a founding Hybrid Securities Committee and the CEO member of the Luxembourg chapter of of Bharat InvITs Association. 100 Women in Finance. In his last executive role, he was the Chief Ms. Trivedi holds degrees in Electrical Executive Officer of Association of Mutual Engineering from the Indian Institute of Funds in India. Technology, Kanpur and the University of Maryland, and an MBA from He was a member of Technical Advisory Columbia Business School in New York. Committee of Reserve Bank of India on Money Market, Securities Market & Foreign Exchange from 2011 to 2016. He was also the Chairman of Fixed Income, Money Markets & Derivatives Association (FIMMDA) during the same period and was the Management Committee Member of Foreign Exchange Dealers’ Association of India (FEDAI). He was a Member of the various Committees constituted by RBI. One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC10 [Showing first 8,000 characters — download PDF for full document]