One97 Communications Limited announces formation of a Group Advisory Committee chaired by former SEBI Chairman Mr. M. Damodaran, to work with the Board in further strengthening compliance, and regulatory matters The Committee includes veteran professionals like M.M. Chitale, former president of Institute of Chartered Accountants of India (ICAI) and a former governing Council Member of Banking Codes and Standards Board of India nominated by RBI Also includes banking experts like R. Ramachandran, former Chairman and Managing Director of Andhra Bank. Mr. Meleveetil Damodaran, IAS (Retd.), will serve as the Chairperson of the Committee, who brings extensive experience in corporate governance, restructuring, and regulatory leadership. He has previously served as Chairman of the Securities and Exchange Board of India (SEBI), and has chaired high-powered committees for the Government of India and Reserve Bank of India (RBI) and was also elected Chairman of the EMC of the International Organisation of Securities Commission (IOSCO).

The other Committee members will be: Mr. Mukund Manohar Chitale, who is the former President of Institute of Chartered Accountants of India (ICAI), former Chairman of the National Advisory Committee on Accounting Standards (NACAS), a former governing Council Member of Banking Codes and Standards Board of India nominated by RBI, and a member of the Primary Advisory Market Committee of SEBI, and Mr. Ramachandran Rajaraman, who is the former Chairman and Managing Director of Andhra Bank, a former Whole Time Director of Syndicate Bank, and a member of the Advisory Board at Central Vigilance Commission. The Company's management is committed to drive sustainable business growth, while adhering to a regulatory and compliance framework.