CDSL appoints Nayana Ovalekar as Executive Director for Vertical 2
Central Depository Services (India) Limited has appointed Nayana Ovalekar as Executive Director for Vertical 2 for a five-year term effective June 19, 2026, covering Regulatory, Compliance, Risk Management and Investor Grievances. The appointment, subject to shareholder ratification, designates her as Key Management Personnel under SEBI and Companies Act regulations. Ovalekar, a seasoned professional with over three decades of experience, will also continue as Chief Regulatory Officer & Compliance Officer until a new incumbent is appointed.
*this image is generated using AI for illustrative purposes only.
Central Depository Services (India) Limited has appointed Nayana Ovalekar as Executive Director for Vertical 2 for a five-year term effective June 19, 2026. The appointment, approved by the Board on June 19, 2026, covers Regulatory, Compliance, Risk Management and Investor Grievances. Ovalekar will also continue to hold the position of Chief Regulatory Officer & Compliance Officer under the SEBI (Depositories and Participants) Regulations, 2018, until a new incumbent is appointed.
The term of the new role extends from June 19, 2026, to June 18, 2031, and is subject to ratification by shareholders. Ovalekar has been designated as Key Management Personnel in accordance with the SEBI (Depositories and Participants) Regulations, 2018, and as Key Managerial Personnel and Senior Management under the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Appointment Details
The Board approved the appointment following SEBI approval received earlier. Ovalekar is not related to any of the Directors on the Governing Board of the company. She has confirmed that she is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority.
| Particulars | Details |
|---|---|
| Name | Nayana Ovalekar |
| DIN | 02195513 |
| Designation | Executive Director for Vertical 2 |
| Vertical | Regulatory, Compliance, Risk Management and Investor Grievances |
| Term | 5 years (June 19, 2026 to June 18, 2031) |
| Shareholder Ratification | Required |
Profile of Nayana Ovalekar
Nayana Ovalekar is a seasoned regulatory and governance professional with over three decades of experience in the Indian securities market infrastructure ecosystem. She holds a Commerce graduate degree (B.Com.) and is a qualified Company Secretary. Her expertise spans regulatory compliance, corporate governance, depository operations, and investor protection.
Throughout her career, Ovalekar has played a pivotal role in policy formulation, regulatory implementation, and the strengthening of governance and control frameworks. She has advised senior management and the Governing Board on regulatory, governance, and strategic matters, contributing to initiatives that enhance the integrity and efficiency of the securities market infrastructure ecosystem.
Historical Stock Returns for CDSL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.01% | +2.55% | +10.09% | -7.91% | -24.08% | +161.05% |
How will the dual responsibility of the Executive Director role alongside the Chief Regulatory Officer position be managed during the transition period?
What strategic changes can be expected in Vertical 2 under Ovalekar's leadership regarding risk management and investor grievance redressal?
Who is likely to be appointed as the new Chief Regulatory Officer & Compliance Officer, and how will the transition impact CDSL's compliance framework?
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