Date: July 09, 2026
Board Meeting Outcomes
- SEBI approved CDSL's investment of ₹20,00,00,000 (Rupees Twenty Crores Only) in IIBHL in one or more tranches
- Approval subject to condition that CDSL maintains its net worth requirement as per Regulation 14(1) of SEBI (Depositories and Participants) Regulations, 2018
- SEBI approval letter reference: HO/47/28/13(3)2026-MRD-RAC2-I/15671/2026 dated July 08, 2026
Disinvestment / Strategic Actions
Target Entity Details:
- Name: India International Bullion Holding IFSC Limited (IIBHL)
- Business: Holding company for Bullion Project, funding subsidiaries India International Bullion Exchange IFSC Limited and India International Depository IFSC Limited
- Consolidated Turnover FY2025-26: ₹10,46,53,990/-
- Date of Incorporation: June 04, 2021
- Registration: Finance Company from IFSCA on August 09, 2021
- Country Presence: India
Turnover History:
- FY2023-24: ₹17,55,92,270
- FY2024-25: ₹44,75,76,730
- FY2025-26: ₹10,46,53,990
Investment Details:
- Investment Amount: ₹20,00,00,000 (Rupees Twenty Crores Only)
- Investment Form: Subscription of 20,00,00,000 equity shares at face value of ₹1/- each at price of ₹1/-
- Current Holding: 50 crore equity shares (20% of paid-up capital)
- Post-Investment Holding: 20% (unchanged)
- Payment Method: Banking channels transfer through overseas direct investment (ODI) Route
- Completion Timeline: First tranche of ₹10 crore by August 02, 2026; remaining ₹10 crore post intimation from IIBHL
Related Party Aspects:
- IIBHL and its subsidiaries are related parties of CDSL
- CDSL provides depository services to IIBHL, IIDIL and IIBX and IT infrastructure services to IIDIL
- All related party transactions are at arm's length price
- Promoter Group companies (India International Clearing Corporation (IFSC) Limited and India International Exchange (IFSC) Limited, subsidiaries of BSE Limited) hold 20% stake in IIBHL
Strategic Rationale:
- To support various IT infrastructure development
- To maintain the Networth in IIDI as stipulated by IFSCA
- IIBHL Board decided that any investment in IIDI shall be infused by IIBHL with equal subscription from all consortium members
Regulatory Approvals:
- SEBI approval obtained pursuant to Regulation 7(c) of SEBI (Depositories and Participants) Regulations, 2018
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Financial Results
Not Specified
Other Operational / Legal / Strategic Disclosures
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- Compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
- Information available on company website www.cdslindia.com as per Regulation 46 of SEBI Listing Regulations