Nature of change: Appointment of Smt. Geetha Gangadharan (DIN: 11311971) as Non-Independent Director on the Governing Board of Central Depository Services (India) Limited.
Effective date: August 27, 2026 (approval received from SEBI on same date)
Tenure: She shall be liable to retire by rotation as per applicable laws.
Profile and qualifications: Smt. Geetha Gangadharan brings over three decades of experience across securities regulation, banking supervision, enforcement, litigation, and policy advocacy & implementation. She currently serves as Chief Regulatory Officer (Key Management Personnel) at BSE Limited effective from June 05, 2026. Her previous experience includes:
15 years at SEBI, last designated as Chief General Manager and Head – Enforcement, leading key functions covering enforcement, litigation, quasi-judicial proceedings, and settlements
Leadership roles at Reserve Bank of India (RBI)
Most recently at Central Bank of the UAE (CBUAE)
Significant role in regulatory oversight across intermediaries, listed entities, and Market Infrastructure Institutions
Educational qualifications:
LLM in Taxation from University of Calicut (First Rank)
BA (Law) and LLB from Government Law College, University of Calicut (First Rank)
Completed international regulatory programs at Harvard Law School and International Institute of Law (IIL), Washington DC, USA
Eligibility confirmation: As per declarations submitted to the Company, Smt. Geetha Gangadharan has confirmed that she is not debarred from holding the office of Director by virtue of any SEBI Order or any such other authority.
Relationship with other directors: She is not related to any of the Directors on the Governing Board of CDSL.
