One 97 Communications Limited — Others, 17-03-2025: Shareholders meeting

One 97 Communications Limited has announced a board meeting to seek member approval via postal ballot for three key resolutions. Firstly, the appointment of Mr. Bimal Julka as a Non-Executive Independent Director for a five-year term commencing January 20, 2025. Secondly, approval for his remuneration structure, amounting to a maximum of INR 48 crore per annum, despite the company experiencing losses. Lastly, amendments to the One 97 Employees Stock Option Scheme 2019 are proposed to enhance employee retention and align performance metrics with the appraisal process. This update could foster positive investor sentiment by committing to strong governance and employee engagement strategies.