Central Depository Services (India) Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The filing, submitted to the National Stock Exchange of India Ltd., details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and outlines its environmental, social, and governance (ESG) performance. TUV India Private Limited provided reasonable assurance for the BRSR Core.

The company reported a turnover of ₹9,60,45,23,000 and a net worth of ₹15,98,17,16,000 for the period. CDSL identified several material responsible business conduct issues, including resource efficiency and greenhouse gas emissions, customer relationship management, and information cybersecurity. The report notes that all complaints pending as of March 31, 2026, were successfully resolved.

Governance and Oversight

The Governing Board, specifically the Managing Director & CEO, is responsible for implementing Business Responsibility policies. The CSR & ESG Committee and the Risk Management Committee oversee sustainability-related decision-making. The company has adopted ISO 27001:2022 and ISO 22301:2019 standards and mapped them to its principles. CDSL has initiated the process of defining department-wise KPIs to monitor ESG performance.

Financial and Operational Metrics

CDSL's operations are primarily domestic, with no export revenue generated. The company manages 14 offices nationally and serves 36 states and union territories. The paid-up capital stands at INR 2,09,00,00,000.

Social and Environmental Performance

The company reported that 100% of permanent employees and 71.76% of other than permanent employees received well-being benefits. CDSL conducted extensive training programmes, covering 100% of Board of Directors and 95.35% of other employees. On the environmental front, the company tracked Scope 1 and Scope 2 emissions and implemented energy-efficient measures such as LED lighting and HVAC monitoring.

Regulatory Disclosures

The report disclosed that financial disincentives of ₹3,00,00,000 were levied by the Securities and Exchange Board of India (SEBI) regarding technical glitches between 2021 and 2024. This amount was transferred to the CDSL Investor Protection Fund on April 15, 2025. The company clarified that no penalties or fines were levied on CDSL, and the amount represents financial disincentives. All corrective actions identified in the Root Cause Analysis Report have been completed.

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.