Central Depository Services (India) Limited Updates on Arbitration Proceedings

Central Depository Services (India) Limited Updates on Arbitration Proceedings​

Central Depository Services (India) Limited (CDSL) announced updates on arbitration proceedings initiated against the company. These proceedings, previously disclosed on July 18, 2025, July 23, 2025, July 28, 2025, August 01, 2025, and August 25, 2025, involve claims from several claimants seeking indemnity for alleged losses stemming from the misutilisation of clients’ securities by Anugrah Stock & Broking Private Limited.

The claimants involved are Ketan Shah, Ketan Shah as Karta of Lalit Shah HUF, Prafulla Shah (wife of Late Lalit Shah), Neeta Shah, and Samir Shah.

Following the initial filing of statements of claim, the claimants sought directions from the Bombay High Court regarding the constitution of the arbitral tribunal. On January 20, 2026, the Bombay High Court directed the parties to form the tribunal, which has subsequently been established. The arbitral tribunal then directed claimants to file fresh statements of claim, which they have since done. The specified claim amounts remain unchanged.

The disclosure is made in accordance with Industry Standards Forum guidelines, as the cumulative amount under matters with similar legal and factual issues exceeds the materiality threshold.

The company confirmed that there are no ongoing litigations against key management personnel, promoters, or ultimate persons in control, and no settlements have occurred. Information is available on the company's website at www.cdslindia.com.

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