Meeting Details

The 28th Annual General Meeting of CDSL was held on Thursday, July 30, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The cut-off date for determining members entitled to vote was Thursday, July 23, 2026.

Summary of Proposed Resolutions

Five resolutions were proposed for shareholder approval:

Ordinary Businesses:

1. Item No. 1: To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Statutory Auditors.

2. Item No. 2: To declare a Final Dividend on Equity Shares for the financial year ended March 31, 2026.

3. Item No. 3: To appoint Smt. Geetha Gangadharan (DIN: 11311971) as a Non-Independent Director, replacing Ms. Kamala Kantharaj (DIN: 07917801) who retired by rotation.

Special Businesses:

4. Item No. 4: To ratify the appointment of Shri Amit Mahajan (DIN: 06984769) as Executive Director of Vertical 1 (Critical Operations), categorized as Whole Time Director, and approve his remuneration and terms.

5. Item No. 5: To ratify the appointment of Smt. Nayana Ovalekar (DIN: 02195513) as Executive Director of Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances), categorized as Whole Time Director, and approve her remuneration and terms.

Voting Process and Methods

The voting process comprised two methods:

  • Remote e-voting: Conducted through MUFG Intime India Private Limited from Monday, July 27, 2026, 9:00 A.M. (IST) to Wednesday, July 29, 2026, 5:00 P.M. (IST).
  • E-voting at AGM: Members who had not voted remotely could vote electronically during the meeting on July 30, 2026.

The company published an advertisement in Financial Express (English) and Loksatta (Marathi, Mumbai edition) on Thursday, July 09, 2026 to notify shareholders. The notice of the AGM was dated June 25, 2026 and sent electronically to members whose email addresses were registered.

Key Voting Outcomes

All five resolutions were passed with the requisite majority. The detailed results are as follows:

Item No. 1: Adoption of Financial Statements

  • Total Votes Cast: 76,424,910 shares
  • In Favor: 76,421,726 shares (99.9994%)
  • Against: 471 shares (0.0006%)
  • Invalid Votes: 0
  • Abstained: 1,921 shares
  • Shares Not Voted (Less Voted): 792 shares

Item No. 2: Declaration of Final Dividend

  • Total Votes Cast: 76,421,708 shares
  • In Favor: 76,420,007 shares (99.9992%)
  • Against: 624 shares (0.0008%)
  • Invalid Votes: 0
  • Abstained: 281 shares
  • Shares Not Voted (Less Voted): 796 shares

Item No. 3: Appointment of Geetha Gangadharan

  • Total Votes Cast: 76,424,163 shares
  • In Favor: 76,339,469 shares (99.8915%)
  • Against: 82,946 shares (0.1085%)
  • Invalid Votes: 0
  • Abstained: 947 shares
  • Shares Not Voted (Less Voted): 801 shares

Item No. 4: Appointment of Amit Mahajan

  • Total Votes Cast: 76,424,163 shares
  • In Favor: 71,785,815 shares (93.9330%)
  • Against: 4,636,511 shares (6.0670%)
  • Invalid Votes: 0
  • Abstained: 1,037 shares
  • Shares Not Voted (Less Voted): 800 shares

Item No. 5: Appointment of Nayana Ovalekar

  • Total Votes Cast: 76,424,163 shares
  • In Favor: 73,370,909 shares (96.0071%)
  • Against: 3,051,445 shares (3.9929%)
  • Invalid Votes: 0
  • Abstained: 1,006 shares
  • Shares Not Voted (Less Voted): 803 shares

Scrutinizer's Role and Findings

M/s. Vatsal Doshi & Associates, specifically Vatsal K. Doshi (FCS – 12399, CP No. – 22976), was appointed as the Scrutinizer. The scrutinizer's responsibility was to scrutinize the remote e-voting and e-voting process and ascertain the requisite majority based on reports generated by MUFG Intime India Private Limited.

The votes cast through e-voting were unblocked on July 30, 2026, in the presence of two independent witnesses: Mr. Kumudchandra Doshi and Mr. Naitik Doshi, who are not employees of the company. The scrutinizer confirmed that all resolutions were passed with the requisite majority.

Compliance Confirmation

The report confirms full compliance with the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, SEBI (LODR) Regulations, 2015, and relevant MCA Circulars (General Circular Nos. 03/2025 and 20/2020). The consolidated scrutinizer's report was uploaded to the company's website at www.cdslindia.com.