IiAS flags 5 resolutions of Paytm parent One 97 Communications

Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has advised shareholders of One 97 Communications to vote against five resolutions of the firm, including reappointment of Vijay Shekhar Sharma as managing director.

The advisory comes ahead of the company’s annual general meeting convened for August 19. Sharma is the founder, chairperson, managing director and chief executive officer of the company. The Noida-headquartered company is the parent entity of mobile payments and financial services firm Paytm.