Central Depository Services (India) Limited shareholders approved all five resolutions at its 28th Annual General Meeting held on July 30, 2026, via Video Conferencing. The meeting saw the ratification of two new executive leadership appointments, the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the declaration of a final dividend.

The Board appointed Vatsal Doshi & Associates as the scrutinizer for the voting process, conducted in compliance with Section 108 of the Companies Act, 2013 and SEBI Listing Regulations. Remote e-voting was facilitated by MUFG Intime India Private Limited from July 27 to July 29, 2026. The cut-off date for determining voting entitlements was July 23, 2026. Votes were unblocked in the presence of independent witnesses Kumudchandra Doshi and Naitik Doshi on July 30, 2026.

Ordinary Business Resolutions

Shareholders overwhelmingly supported the ordinary business items. The adoption of standalone and consolidated audited financial statements for FY26 received 99.9994% support. Similarly, the resolution to declare a final dividend on equity shares secured 99.9992% affirmative votes.

The appointment of Smt. Geetha Gangadharan as a Non-Independent Director, replacing Ms. Kamala Kantharaj who retired by rotation, passed with 99.8915% support.

Special Business Resolutions

The special business items focused on expanding the executive leadership team. Shareholders ratified the appointment of Shri Amit Mahajan as Executive Director of Vertical 1 (Critical Operations), categorized as a Whole Time Director. This resolution received 93.9330% support, with 6.0670% votes cast against.

Additionally, the appointment of Smt. Nayana Ovalekar as Executive Director of Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances), also categorized as a Whole Time Director, was approved with 96.0071% support. Approximately 3.9929% of votes were cast against this resolution.

Voting Participation

A total of 1,212 members participated in the voting process for the financial statements adoption, holding 7,64,24,910 shares. Of these, 1,203 members voted remotely, while nine members voted during the AGM. The high participation rate reflects strong shareholder engagement in the governance matters presented at the meeting.

Central Depository Services (India) Limited shareholders approved the appointment of Smt. Geetha Gangadharan as a Non-Independent Director on its Governing Board during the Twenty Eighth (28th) Annual General Meeting (AGM) held on July 30, 2026. The appointment, nominated by BSE Limited, is subject to the approval of the Securities and Exchange Board of India (SEBI). This board change marks a transition in governance as Ms. Kamala Kantharaj retired from the role of Non-Independent Director effective July 30, 2026, following her liability to retire by rotation under the Companies Act, 2013.

The appointment was disclosed to the National Stock Exchange of India Ltd. under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The Governing Board expressed its appreciation for the contributions made by Ms. Kamala Kantharaj during her tenure.

New Director Profile

Smt. Geetha Gangadharan (DIN: 11311971) brings over three decades of experience in securities regulation, banking supervision, enforcement, and policy advocacy. She was appointed as Chief Regulatory Officer (Key Management Personnel) at BSE Limited effective June 05, 2026. Her professional background includes leadership roles at the Reserve Bank of India (RBI), SEBI, and the Central Bank of the UAE (CBUAE).

During her 15-year tenure at SEBI, she served as Chief General Manager and Head – Enforcement, leading functions related to enforcement, litigation, quasi-judicial proceedings, and settlements. She played a significant role in regulatory oversight across intermediaries, listed entities, and Market Infrastructure Institutions. Smt. Geetha holds an LLM in Taxation from the University of Calicut, where she secured First Rank, along with a BA (Law) and LLB from Government Law College, University of Calicut, also securing First Rank. She has completed international regulatory programs at Harvard Law School and the International Institute of Law (IIL), Washington DC, USA.

Board Composition Details

The following table outlines the key details regarding the changes in the Governing Board:

Smt. Geetha Gangadharan has confirmed that she is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority. She is not related to any of the existing Directors on the Governing Board of Central Depository Services (India) Limited. The information is also available on the company's website in terms of Regulation 46 of the SEBI Listing Regulations.