CDSL invests ₹1 crore in Sahamati Foundation for AA ecosystem

1 min read     Updated on 11 Jun 2026, 01:37 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Central Depository Services (India) Limited will invest ₹1 crore for a 2% stake in Sahamati Foundation, an RBI-recognised SRO for the Account Aggregator ecosystem. The investment, approved by SEBI on June 09, 2026, is part of a strategic initiative to support the AA framework and involves 10,00,000 equity shares. The transaction is expected to be completed within 30 days of fund disbursement.

powered bylight_fuzz_icon
42667625

*this image is generated using AI for illustrative purposes only.

Central Depository Services (India) Limited has secured approval from the Securities and Exchange Board of India (SEBI) to invest ₹1 crore in Sahamati Foundation, acquiring a 2% stake in the entity. This strategic move targets the development of the Account Aggregator (AA) ecosystem, a critical national digital rail for financial data sharing. The investment is subject to the condition that CDSL maintains its net worth requirement at all times as per Regulation 14(1) of the SEBI (Depositories and Participants) Regulations, 2018.

Sahamati Foundation, incorporated on December 30, 2019, operates as a Section 8 non-profit organisation and recently received recognition from the Reserve Bank of India (RBI) as a Self-Regulatory Organisation (SRO) for the AA ecosystem on June 05, 2026. The entity functions as a member-driven industry alliance focused on governance, technology infrastructure, standards, and advocacy for the AA framework. CDSL's participation is part of a broader cross-sectoral funding round involving 31 other regulated financial sector entities, raising a total equity of ₹50 crore.

The transaction details indicate a total cash consideration of ₹1 crore for the subscription to 10,00,000 equity shares with a face value of ₹10 each. The company stated that this investment is not related to its core depository activities but is driven by the strategic imperative to influence next-generation data infrastructure. The indicative timeline for the completion of this acquisition is within 30 days from the disbursement of funds.

Sahamati’s financial performance over the past three years shows fluctuations in turnover. The entity reported a turnover of ₹12,60,43,816 in FY 25-26, down from ₹15,06,55,720 in FY 24-25, which was an increase from ₹12,12,57,573 in FY 23-24. The organisation maintains its presence exclusively in India and manages the central technology infrastructure, SahamatiNet, which supports the AA ecosystem through a central registry and network health monitoring.

Financial Overview of Sahamati Foundation

Year Turnover (in Rupees)
FY 25-26 12,60,43,816
FY 24-25 15,06,55,720
FY 23-24 12,12,57,573

The disclosure was submitted to the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Nilay Rajendra Shah, Company Secretary & Compliance Officer, signed the filing on June 10, 2026.

Historical Stock Returns for CDSL

1 Day5 Days1 Month6 Months1 Year5 Years
+3.17%+0.90%+0.09%-19.36%-29.41%+151.70%

How will CDSL's strategic influence within Sahamati shape the future governance standards of the Account Aggregator ecosystem?

What impact will Sahamati's recent turnover decline have on the long-term financial sustainability of the AA framework?

Will this investment trigger similar equity commitments from other major depositories and financial infrastructure providers?

CDSL secures SEBI approval for two Executive Directors

1 min read     Updated on 26 May 2026, 05:42 AM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Central Depository Services (India) Limited received SEBI approval on May 25, 2026, to appoint Shri Amit Mahajan as Executive Director for Critical Operations and Smt. Nayana Ovalekar as Executive Director for Regulatory, Compliance, Risk Management & Investor Grievances. The appointments are effective from their joining dates and require shareholder ratification.

powered bylight_fuzz_icon
41299956

*this image is generated using AI for illustrative purposes only.

Central Depository Services (India) Limited CDSL has received approval from the Securities and Exchange Board of India (SEBI) to appoint Shri Amit Mahajan and Smt. Nayana Ovalekar as Executive Directors on its Governing Board. The regulatory approval, granted on May 25, 2026, designates Mahajan to Vertical 1 for Critical Operations and Ovalekar to Vertical 2 for Regulatory, Compliance, Risk Management & Investor Grievances. This move strengthens the depository's leadership in key operational and compliance functions.

The approval was communicated via SEBI letter numbers HO/47/22/16(1)2026-MRD-RAC2-I/12349/2026 and HO/47/24/13(2)2026-MRD-RAC2-I/12351/2026. The appointments will become effective on the respective dates the executives join the Board. However, their roles are subject to ratification by the shareholders of the company.

Appointment Details

The following table summarizes the key details of the newly appointed executives:

Name DIN Vertical Role
Shri Amit Mahajan 06984769 Vertical 1 Executive Director (Critical Operations)
Smt. Nayana Ovalekar 02195513 Vertical 2 Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances)

Regulatory Disclosures

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website, www.cdslindia.com , in compliance with Regulation 46 of the SEBI Listing Regulations. Nilay Rajendra Shah, Company Secretary & Compliance Officer, signed the filing on May 25, 2026.

Historical Stock Returns for CDSL

1 Day5 Days1 Month6 Months1 Year5 Years
+3.17%+0.90%+0.09%-19.36%-29.41%+151.70%

How will the new leadership structure impact CDSL's operational efficiency and risk management capabilities?

What strategic initiatives might the new Executive Directors prioritize in their respective verticals?

How could these appointments influence CDSL's competitive position in the depository services market?

More News on CDSL

1 Year Returns:-29.41%