Paytm has announced allotment of share & changed organisational structure !!

Paytm has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

(i) Allotment of 87,373 equity shares pursuant to exercise of stock options under Employee Stock Option Plan: The Nomination and Remuneration Committee of the Board of the Company (“Committee”), on May 4, 2024 at 10:46 a.m. (IST) through circulation, approved the allotment of 87,373 equity shares having face value of ₹ 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options under Employee Stock Option Plan 2019.

Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased from ₹ 635,705,161 (consisting of 635,705,161 equity shares of face value of ₹ 1 each) to ₹ 635,792,534 (consisting of 635,792,534 equity shares of face value of ₹ 1 each).

The statement under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 is enclosed as ‘Annexure – A’.

(ii) Resignation of Mr. Bhavesh Gupta, President and Chief Operating Officer of the Company to move to advisory position, as a part of overall organisational restructuring: The Board of Directors of the Company at its meeting held on May 04, 2024 took note of the resignation tendered by

2024. His resignation has been accepted by the Company and he will be relieved from the services of the Company w.e.f. close of business hours on May 31, 2024.

Source :- https://www.nseindia.com