CDSL Appoints Nayana Ovalekar as Executive Director
Central Depository Services (India) Limited (CDSL) – Board Appointment Update
Date of announcement: 19 June 2026
Symbol: CDSL (ISIN INE736A01011)
Introduction
Central Depository Services (India) Limited (CDSL) filed a Regulation 30 disclosure with the National Stock Exchange (NSE) to inform shareholders and the market about a key board appointment approved at its board meeting held on 19 June 2026.
Key Board Appointment
| Item | Details |
|---|---|
| Appointee | Smt. Nayana Ovalekar (DIN 02195513) |
| Position | Executive Director – Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances) |
| Additional role | Continues as Chief Regulatory Officer & Compliance Officer under SEBI (Depositories and Participants) Regulations, 2018, until a new incumbent is appointed |
| Term | 5 years, effective 19 June 2026 to 18 June 2031 (subject to shareholder ratification) |
| Key Management Status | Designated as Key Management Personnel per SEBI (Depositories and Participants) Regulations, 2018 and Companies Act, 2013 |
| Relationship to existing directors | No familial or other relationship with current board members |
| Debarment status | Not debarred from holding office under any SEBI order or other authority |
The appointment follows SEBI’s prior approval communicated in a letter dated 25 May 2026 (reference CDSL/CS/NSE/AJ/2026/73).
Board Meeting Summary
- Date & Time: 19 June 2026, 5:40 PM – 5:50 PM (IST)
- Venue: Not specified (board meeting convened as per standard practice)
- Chairperson/Secretary: Nilay Shah, Company Secretary & Compliance Officer (ACS No.: A20586)
The board approved the appointment and the continuation of the incumbent’s regulatory role, and the resolution was signed digitally by Nilay Rajendra Shah.
Regulatory & Compliance Highlights
- The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI circular SEBI/HO/CFD/CFD‑PoD‑1/P/CIR/2023/123 (dated 13 July 2023).
- The information has also been posted on CDSL’s website (www.cdslindia.com) in accordance with Regulation 46 of the SEBI Listing Regulations.
Profile of Smt. Nayana Ovalekar (Annexure‑A)
- Experience: Over 30 years in the Indian securities market infrastructure ecosystem, with deep expertise in regulatory compliance, corporate governance, depository operations, and investor protection.
- Education: B.Com. and qualified Company Secretary.
- Career Highlights:
- Played pivotal roles in policy formulation, regulatory implementation, and strengthening governance frameworks.
- Advised senior management and the governing board on regulatory and strategic matters.
- Led initiatives to enhance market integrity, surveillance, and investor protection.
- Recognised for constructive engagement with regulators, market participants, and industry stakeholders.
Her extensive background positions her to strengthen CDSL’s regulatory and compliance functions while overseeing risk management and investor grievance handling.
Conclusion
The board’s approval of Smt. Nayana Ovalekar as Executive Director for Vertical 2, together with her continued role as Chief Regulatory Officer & Compliance Officer, underscores CDSL’s focus on robust governance and regulatory oversight. The appointment is effective immediately and will remain in force for five years, pending shareholder ratification. No other financial or operational changes were disclosed in this filing.
Original Source Document
View the original exchange filing or announcement.
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