Central Depository Services (India) Limited (CDSL) has announced that it has received approval from the Securities and Exchange Board of India (SEBI) for the appointment of two new Executive Directors. Shri Amit Mahajan and Smt. Nayana Ovalekar have been appointed to the Governing Board of CDSL for Vertical 1 and Vertical 2, respectively.
Amit Mahajan, bearing Director Identification Number (DIN) 06984769, will serve as the Executive Director for Vertical 1, which encompasses Critical Operations. Meanwhile, Nayana Ovalekar, with DIN 02195513, will take on the role of Executive Director for Vertical 2, which covers Regulatory, Compliance, Risk Management, and Investor Grievances.
The appointments are subject to ratification by the shareholders of CDSL and will be effective upon their respective dates of joining. The SEBI approval was communicated through letters dated and received on May 25, 2026, with reference numbers HO/47/22/16(1)2026-MRD-RAC2-I/12349/2026 and HO/47/24/13(2)2026-MRD-RAC2-I/12351/2026.
This development follows an earlier intimation by CDSL dated May 02, 2026. The information regarding these appointments is also available on the company’s official website, in compliance with Regulation 46 of the SEBI Listing Regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).