Vijay Shekhar Sharma’s role as the chief executive officer is among the items to be voted on at the company’s annual general meeting held virtually this afternoon. A proxy advisory firm last week recommended that shareholders replace the founder as CEO, citing concerns about his ability to reverse losses at the payments provider.
The company had recently announced an acquisition of a substantial interest in a rice processing facility located in Bareilly, Uttar Pradesh through a joint-venture agreement, in which it holds a 66 per cent stake in the JV agreement.