CDSL secures SEBI approval for two Executive Directors
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.

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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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.73% | +3.56% | -6.59% | -22.10% | -16.52% | +176.55% |
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?


































