National Securities Depository Ltd appointed Ashish Dandekar as Chief Technology Officer (CTO) and Key Management Personnel (KMP) effective September 29, 2026. The appointment follows the resignation of Kothandaraman Prabhakaran from the CTO role.

Leadership Transition Details

The change in senior management was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dandekar’s appointment aligns with the SEBI (Depositories and Participants) Regulations, 2018. He will also be considered Senior Management Personnel under SEBI Listing Regulations.

Prabhakaran resigned from the position of CTO with effect from the close of business hours on September 28, 2026. However, he will continue to serve his notice period in the capacity of Executive Vice President (EVP) until his last working day on October 12, 2026.

Profile of Ashish Dandekar

Dandekar brings over 33 years of experience in technology and advisory roles. His background includes 15 years as an Independent Technology Advisor or Consultant across financial markets, banking, government, and infrastructure sectors.

His expertise spans Technology Strategy, IT infrastructure, Information Security, Business Continuity, IT Risk, Regulatory Compliance, and Technology Transformation.

National Securities Depository Limited concluded its 14th Annual General Meeting on September 22, 2026, with shareholders approving all five agenda items through electronic voting. The meeting ratified a final dividend of ₹4 per equity share and confirmed the appointment of two Executive Directors.

The AGM was conducted via Video Conferencing and Other Audio Visual Means, commencing at 11:30 am and concluding at 1:32 pm. A total of 137 members, representing 5,24,99,437 equity shares, attended the session directly. Chairman Parveen Kumar Gupta presided over the proceedings, noting that the statutory and secretarial audit reports contained no adverse qualifications or observations regarding financial transactions.

Key resolutions passed

Shareholders approved several ordinary and special business items through electronic voting. The primary resolutions included:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
• Declaration of a final dividend of ₹4 per equity share of face value ₹2 each.
• Reappointment of Sriram Krishnan as Non-Independent Director retiring by rotation.
• Appointment of Subhash Kelkar as Executive Director for Vertical 1 (Critical Operations).
• Appointment of Ankit Sharma as Executive Director for Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances).

Strategic outlook and management updates

Managing Director and CEO Vijay Chandok provided an overview of the company’s state of affairs, detailing strategic priorities, technology initiatives, and sustainability efforts. He discussed the performance of subsidiaries and outlined the company’s roadmap for building secure market infrastructure. The management addressed shareholder queries regarding cybersecurity, AI technology adoption, and the broader capital markets outlook.

What the numbers show

The detailed voting results reveal a highly concentrated shareholder base participating in the governance process. With only 137 members representing over 5.2 crore shares in attendance, the average holding per attending member is approximately 383,000 shares. This suggests that institutional or large individual investors dominate the voting power at NSDL's general meetings, a common trait among market infrastructure institutions with significant promoter holdings.

The scrutiny report highlights distinct patterns in shareholder sentiment across different agenda items. Routine financial approvals saw near-unanimous support, with the adoption of financial statements passing with 99.97% votes in favour and the dividend declaration passing with 99.99% support. However, director-related resolutions attracted slightly more dissent. The reappointment of Sriram Krishnan received 96.82% support, while the appointments of Subhash Kelkar and Ankit Sharma each secured 99.23% in favour. Despite this variance, all resolutions passed comfortably with the requisite majority, underscoring the operational efficiency of the company's digital compliance framework during its first full year as a listed entity.