National Securities Depository Ltd will host an analyst and institutional investor meeting on September 3, 2026. The session is scheduled as part of the Ashwamedh – Elara India Dialogue 2026 Conference.

Meeting Details

The company disclosed the schedule pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be held in person at a physical location in Mumbai.

Alen Ferns, Company Secretary and Compliance Officer, confirmed the intimation to the BSE Listing Compliance Department on August 27, 2026. The company noted that the schedule may change due to exigencies and any revisions will be communicated to the stock exchange.

National Securities Depository Ltd has received a show cause cum demand notice from the Additional Commissioner of CGST & CX AUDIT-II Mumbai for ₹28.68 crore. The notice, issued under Section 74(1) of the CGST Act, 2017, alleges non-payment of goods and services tax on royalty payments made by the company’s related entities.

The GST authority raised the demand after identifying that NSDL Payment Bank Limited and NSDL Data Management Limited had utilized the parent company’s brand name and logo without paying the requisite GST. The notice covers the period from FY21 to FY24 and includes provisions for interest and penalty in addition to the principal tax demand.

Demand Breakdown

The total quantum of the claim is split equally between central and state taxes. The company must also address potential interest and penalties as per the relevant sections of the CGST and Maharashtra Goods and Services Tax Acts.

Company Response

NSDL stated that it is currently evaluating the notice with advice from its tax advisors. The company plans to file a detailed reply with the adjudicating authority within the prescribed timelines. It further noted that it will pursue all available legal remedies.

As of now, the company has indicated no immediate financial impact on its operations. The matter remains subject to adjudication, with potential additional liabilities arising from interest and penalties if the authority confirms the demand.