Central Depository Services (India) Ltd has approved the appointment of Smt. Geetha Gangadharan as a Non-Independent Director on its Governing Board, following a nomination by BSE Limited. The appointment, ratified by the Board on June 25, 2026, is subject to the approval of shareholders and the Securities and Exchange Board of India (SEBI). This leadership change impacts the depository's governance structure as it prepares for its Twenty-Eighth Annual General Meeting.

Smt. Geetha Gangadharan, who currently serves as the Chief Regulatory Officer at BSE, brings over three decades of experience in securities regulation, banking supervision, and enforcement. She replaces Ms. Kamala Kantharaj, who is retiring by rotation and has not offered herself for re-appointment at the ensuing AGM. The effective date of the new appointment will be the date of approval from SEBI, and the director will be liable to retire by rotation as per applicable laws.

The Board meeting, which commenced at 11:00 A.M. and concluded at 01:40 P.M. on June 25, 2026, also finalized the date for the company's Annual General Meeting. The Twenty-Eighth AGM is scheduled to be held on Thursday, July 30, 2026, at 11:00 A.M. IST via Video Conferencing or Other Audio Visual Means. The Notice of AGM and the Integrated Annual Report for the financial year 2025-26 will be dispatched to shareholders in due course.

Profile of the Appointee

Smt. Geetha Gangadharan has held leadership roles at the Reserve Bank of India (RBI), SEBI, and the Central Bank of the UAE. At SEBI, she served for 15 years, last designated as Chief General Manager and Head – Enforcement. She holds an LLM in Taxation and a BA (Law) and LLB from the University of Calicut, having secured First Rank in all three degrees. She has also completed international regulatory programs at Harvard Law School and the International Institute of Law in Washington DC.

Key Disclosures

The company confirmed that Smt. Geetha Gangadharan is not related to any of the existing Directors on the Governing Board of CDSL. Furthermore, she has affirmed that she is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority. The approval was granted based on the recommendations of the Nomination and Remuneration Committee.

Central Depository Services (India) Ltd has fixed Friday, July 17, 2026, as the record date for the payment of a final dividend of ₹12.75 per equity share for the financial year 2025-26. The dividend, which amounts to 127.5% of the face value of ₹10, is subject to approval by shareholders at the upcoming Annual General Meeting. This payout follows a recommendation made by the Board of Directors during its meeting held on May 02, 2026.

The record date has been established in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates that companies identify shareholders entitled to receive corporate benefits such as dividends. Only those shareholders holding the company's shares in their demat accounts as of the close of business on July 17, 2026, will be eligible for the payout.

Dividend Details

The proposed dividend is a key return mechanism for investors and reflects the company's profitability for the fiscal year. The distribution is contingent upon the ratification by the shareholders at the Twenty-Eighth Annual General Meeting. Once declared, the company is required to disburse the dividend within a period of 30 days from the date of declaration.

The Twenty-Eighth Annual General Meeting will serve as the forum for shareholders to vote on the proposed dividend. The company has stated that the relevant information regarding the record date and dividend declaration will be available on its official website.