Vijay Shekhar Sharma re-appointed as Paytm MD for another five years

A total of 99.67% majority votes were recorded in favour of Sharma's re-appointment

Shareholders of One97 Communications, which operates under the Paytm brand, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company, according to the scrutinizer report filed by the firm on Sunday.

Investors advisory firm IiAS had recommended against the reappointment of Sharma and several other resolutions that were part of the agenda of the 22nd Annual General Meeting held on Friday.

IiAS had said Sharma made several commitments in the past to make the company profitable, however, these have not played out.

According to the scrutinizer report, 99.67 per cent votes were in favour of