SEBI Approves Appointment of Amit Mahajan and Nayana Ovalekar as CDSL’s Executive Directors

Central Depository Services (India) Limited has received approval from SEBI for the appointment of 2 executive directors on its governing board, according to a filing submitted to the National Stock Exchange on May 25, 2026.  

The approvals relate to Amit Mahajan and Nayana Ovalekar, who have been appointed to oversee separate operational divisions within the depository.  

The company said the approvals were granted through SEBI letters dated May 25, 2026, and received on the same day.  

Separate Operational Responsibilities 

As per the filing, Amit Mahajan has been appointed Executive Director for Vertical 1, which handles critical operations. Nayana Ovalekar has been appointed Executive Director for Vertical 2, responsible for regulatory functions, compliance, risk management and investor grievances.  

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referred to its earlier communication dated May 2 regarding the proposed appointments.  

Appointments Subject to Shareholder Ratification 

CDSL stated that the appointments will take effect from the respective dates on which the executives join the governing board. The appointments are subject to ratification by shareholders of the company.  

The company further said the information has been placed on its website in accordance with Regulation 46 of the SEBI Listing Regulations.  

Filing Details 

The communication to the exchange was signed by Nilay Shah, Company Secretary, and Compliance Officer of CDSL.  

CDSL is one of India’s securities depositories and provides electronic depository services for securities held and traded in the financial markets. 

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CDSL Share Price Performance  

As of May 26, 2026, 1:06 pm, CDSL share price was trading at ₹1,220.60, a 0.26% increase from the previous closing price. 

Conclusion  

The appointments will become effective from the dates of joining of the 2 executives on CDSL’s governing board. Shareholder approval is still required for both appointments. 

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