National Securities Depository Limited (NSDL) has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026. The filing, made under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, demonstrates the company's adherence to regulatory requirements for depository operations.

Regulatory Filing Details

The compliance certificate was filed on April 09, 2026, by Alen Ferns, Company Secretary and Compliance Officer (Membership No. A30633). The submission was addressed to the Listing Compliance Department of BSE Limited and referenced the company's scrip code 544467.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, issued the underlying confirmation certificate dated April 03, 2026. As the company's Registrar and Transfer Agent, MUFG Intime confirmed compliance with dematerialisation processes during the quarter.

The registrar's certificate, signed by Ashok Shetty, Sr. Vice President-Corporate Registry, provided comprehensive confirmation of regulatory compliance. MUFG Intime operates from its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.

Compliance Confirmations

The registrar confirmed several key compliance aspects for the quarter ended March 31, 2026:

• Securities received from depository participants for dematerialisation were properly confirmed (accepted/rejected) to depositories
• All securities comprised in certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialisation were confirmed/rejected within prescribed timelines
• Received security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Regulatory Framework

This filing represents standard quarterly compliance under SEBI's depository regulations, which govern the operations of depositories and their participants in India's securities market. The regulations ensure proper handling of dematerialised securities and maintain investor protection standards across the depository system.

The submission of this certificate maintains NSDL's regulatory compliance status and provides transparency regarding its depository operations for the quarter ended March 31, 2026.

National Securities Depository Limited (NSDL) is currently experiencing temporary service delays due to network connectivity issues affecting its operations and user access to critical depository services.

Current Network Challenges

The depository is facing network-related technical difficulties that have resulted in service disruptions for market participants. These connectivity issues are impacting the normal functioning of NSDL's digital infrastructure and affecting user access to various depository services.

Impact on Market Operations

As one of India's primary securities depositories, NSDL's service disruptions have implications for market participants, including investors, brokers, and financial institutions who rely on the platform for securities holding, transfer, and settlement operations. The network issues are causing temporary inconvenience to users attempting to access NSDL's services.

Management Response

NSDL CEO Chandok has previously demonstrated commitment to addressing operational challenges, having made public statements about resolving operational issues in the near term. This approach reflects the organization's focus on maintaining service quality and operational efficiency despite current technical difficulties.

Service Restoration Efforts

The depository is working to resolve the network connectivity problems to restore normal service levels. NSDL's technical teams are addressing the underlying network issues to minimize service disruption and ensure reliable access to depository services for all stakeholders in the capital market ecosystem.