Date: June 10, 2026

Board Meeting Outcomes

  • The Board has approved an investment of ₹1 crore (Rupees One Crore Only) in Sahamati Foundation, amounting to a 2% stake in the paid-up share capital.

Disinvestment / Strategic Actions

Target Entity Details:

  • Name: Sahamati Foundation ('Sahamati')
  • Incorporation: Incorporated in India as a Section 8 company (non-profit organization)
  • Date of Incorporation: December 30, 2019
  • Registered with: RoC-Bangalore, India

Investment Details:

  • Total cash consideration: ₹1,00,00,000/- (Rupees One crore only)
  • Investment structure: Subscription to 10,00,000 equity shares of face value ₹10/- (Rupees Ten only) each
  • Percentage of shareholding acquired: 2% of paid-up share capital
  • Indicative timeline for completion: Within 30 days from disbursement of funds

Strategic Rationale:

  • This investment is a strategic initiative undertaken by CDSL to participate in shaping India's Account Aggregator (AA) ecosystem.
  • Sahamati is an RBI-recognized Self-Regulatory Organisation (SRO) tasked to promote, strengthen, and govern the AA ecosystem in India.
  • The investment supports the rapid evolution of AA into a critical national strategic imperative and next-generation data infrastructure.
  • The investment is not related to or incidental to the activities carried out by CDSL as a Depository.

Regulatory Approvals:

  • SEBI approval received vide letter HO/47/28/13(2)2026-MRD-RAC-2-I/13361/2026 dated June 09, 2026.
  • Approval is subject to the condition that CDSL shall maintain its net worth requirement at all times in terms of Regulation 14(1) of SEBI (Depositories and Participants) Regulations, 2018.

Background on Target Entity:

  • Sahamati is a member-driven industry alliance focused on implementing, governing, and scaling India's AA ecosystem.
  • Core activities include: Ecosystem Governance (participatory governance mechanism), Technology Infrastructure (SahamatiNet, Central Registry, token service), Standards & Certification (certification process, codes of conduct, grievance redressal), and Education & Advocacy (awareness and evangelization efforts).
  • RBI recognized Sahamati as a Self-Regulatory Organisation (SRO) for the Account Aggregator ecosystem on June 05, 2026.

Financial Information (Sahamati Foundation):

  • Turnover FY 25-26: ₹12,60,43,816
  • Turnover FY 24-25: ₹15,06,55,720
  • Turnover FY 23-24: ₹12,12,57,573

Additional Context:

  • CDSL's investment is part of a wider cross-sectoral investment in Sahamati Foundation by 31 other regulated financial sector entities.
  • Other investors include public and private banks, NBFCs, NBFC-AAs, and other SEBI-regulated entities.
  • Total equity raised: ₹50 crores.

Compliance Disclosure

  • The transaction does not fall within related party transactions.
  • Promoter/promoter group/group companies do not have any interest in the entity being acquired.