Central Depository Services Appoints Nayana Ovalekar as Executive Director for Vertical 2
The Governing Board of Central Depository Services (CDSL) Limited approved the appointment of Smt. Nayana Ovalekar as Executive Director for Vertical 2. The decision, ratified on June 19, 2026, names her to oversee Regulatory, Compliance, Risk Management, and Investor Grievances functions within the organization.Smt. Ovalekar will hold the position of Executive Director for Vertical 2 for a term spanning five years. Her appointment is effective from June 19, 2026, until June 18, 2031, subject to Shareholder ratification.
In addition to her new role, the Board approved that Smt. Ovalekar shall continue in her existing capacity as Chief Regulatory Officer and Compliance Officer under the SEBI (Depositories and Participants) Regulations, 2018, until a replacement for this position is appointed. As Key Management Personnel, she will fulfill requirements set forth by both the Companies Act, 2013, and the relevant regulations of SEBI.
Appointment Details
The Governing Board confirmed Smt. Ovalekar's appointment as Executive Director for Vertical 2 (Regulatory, Compliance, Risk Management and Investor Grievances).
Key details regarding the appointment are summarized below:
| Particular | Detail |
|---|---|
| Appointee Name | Smt. Nayana Ovalekar (DIN: 02195513) |
| New Role | Executive Director for Vertical 2 |
| Term Length | Five years |
| Effective Dates | June 19, 2026, to June 18, 2031 |
| Concurrent Role | Chief Regulatory Officer & Compliance Officer (until replacement) |
Professional Background
Smt. Nayana Ovalekar is profiled as a seasoned regulatory and governance professional with over three decades of experience in the Indian securities market infrastructure ecosystem. Her expertise spans corporate governance, depository operations, and regulatory compliance.
Throughout her career, Smt. Ovalekar has played a pivotal role in policy formulation and the strengthening of governance and control frameworks. A Commerce graduate (B.Com.) and a qualified Company Secretary, she possesses a comprehensive understanding of regulatory requirements and market infrastructure dynamics. Her work has included driving key investor protection initiatives and strengthening surveillance mechanisms across organizations.
The Governing Board confirmed that Smt. Ovalekar is not related to any current Director on the board and has affirmed that she is not debarred from holding the office of Director by any SEBI Order or other relevant authority.
CDSL Stock Price Movement
Today, Central Depository Services (India) Limited shares edged higher to close at ₹1370.3, posting a 1.45% gain in trading. The stock moved on a volume of 3.07 million shares as the equity settled for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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