Paytm CEO Vijay Shekhar Sharma Sharma has surrendered 21 million unvested ESOPs amid SEBI scrutiny. One97 Communications Limited Communications reported Sharma's decision to forgo ESOPs under the 2019 scheme, resulting in a one-time INR 492 Cr ESOP expense increase in Q4 FY25. SEBI's investigation involves potential promoter misclassification during Paytm's 2021 IPO. Sharma reduced his stake pre-IPO, raising concerns. Paytm, facing regulatory headwinds and RBI's Paytm Payments Bank restrictions, focuses on core businesses—payments, lending, and merchant services. The company aims for profitability in Q1 FY26. #Paytm #SEBI #ESOP #Fintech #DeccanFounders
Former Vice President - Finance at TeamLease Services Limited, Former Chief Finance & Accounts Officer at TeamLease Skills University, Former Vice President - Business Finance at Quess Corp Limited
5dThis ‘surrender’ (to be correctly read as misclassification) should have happened a long time ago - with ownership exceeding 10% there is defined regulation non eligibility for ESOP - yet another feather added to the cap of non compliance!!