Vijay Shekhar Sharma forgoes 2.1 crore Paytm stock options after Sebi notice

Founder and chief executive officer Vijay Shekhar Sharma has voluntarily forgone 2.1 crore share of Paytm parent One97 Communications, the company told exchanges on Wednesday. The shares were granted to him under the One 97 Employees Stock Option Scheme, 2019, the filing further read.

Following the action, which comes in the backdrop of a Sebi notice from August 2024, the Nomination and Remuneration Committee of the Paytm board termed the unvested stock options as cancelled, and returned them to the ESOP pool under 2019 scheme, the company said.

Sharma…