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.

National Securities Depository Limited appointed Ankit Sharma as Executive Director effective September 21, 2026. The five-year tenure covers regulatory, compliance, risk management, and investor grievances.

National Securities Depository Ltd disclosed the appointment under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The move follows approval by the Nomination and Remuneration Committee and the Governing Board on June 3, 2026, and regulatory clearance from SEBI dated May 25, 2026.

Appointment Details

Sharma joins as Executive Director - Vertical 2, overseeing critical governance functions including regulatory compliance and investor protection mechanisms such as SCORES. His appointment succeeds earlier intimations issued in May 2026 regarding the recruitment process.

Professional Background

Sharma holds an MBA from the University of Rajasthan and a B.Sc. from Maharaja's College, Jaipur. He brings more than 30 years of experience across capital markets regulation, having served at the Reserve Bank of India, SEBI, global investment banks, and major Indian securities institutions.

Most recently, he served as Chief Regulatory Officer – Listing & Investor Compliance at the National Stock Exchange of India (NSE). In this role, he managed IPO approvals, ensured compliance with SEBI ICDR and LODR norms, and oversaw investor grievance redressal and awareness initiatives.

Prior to his NSE tenure, Sharma was Head – Compliance & Legal at ICICI Securities from 2021 to 2023. He held enterprise-wide responsibility for regulatory compliance and legal governance across broking, merchant banking, PMS, investment advisory, and distribution businesses. His scope included policy formulation, regulatory reporting, litigation management, and interface with principal regulators including SEBI, exchanges, depositories, FIU, and the Ministry of Finance.

Governance Compliance

The company confirmed no relationships exist between directors in connection with this appointment. Alen Ferns, Company Secretary (Membership No. A30633), signed the disclosure filed with BSE Limited.