SEBI approves appointment of Amit Mahajan and Nayana Ovalekar at CDSL
2026-05-25·via Business News Today: Latest Business News, Finance News
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SEBI approves appointment of two executive directors at CDSL
The appointments will take effect from their respective joining dates and remain subject to shareholder ratification, according to SEBI’s approval letters issued on Monday.
Central Depository Services Limited has received approval from Securities and Exchange Board of India to appoint Amit Mahajan and Nayana Ovalekar as executive directors on its board.
The Central Depository Services (CDSL) has received approval from the Securities and Exchange Board of India (SEBI) to appoint two new executive directors to the board: Amit Mahajan and Nayana Ovalekar.
Amit Mahajan will oversee Vertical 1, which encompasses Critical Operations. Meanwhile, Nayana Ovalekar will take on Vertical 2, which covers Regulatory, Compliance, Risk Management, and Investor Grievances.
The appointments are subject to ratification by the shareholders of CDSL and will be effective upon their respective dates of joining. The SEBI approval was communicated through letters dated Monday.
Published on May 25, 2026
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