CDSL has informed the Exchange regarding Appointment of Shri Rajesh Kumar as Non- Independent Director on the Governing Board of the Company subject to the approval of Shareholders and prior approval of SEBI.
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CDSL has informed the stock exchange about the appointment of Shri Rajesh Kumar as a Non-Independent Director on its Governing Board, replacing outgoing director Shri Masil Jeya Mohan P. The appointment was made based on a nomination by Life Insurance Corporation of India (LIC), which is a major shareholder of CDSL. The outgoing director, who is eligible for re-appointment by rotation, has chosen not to seek re-appointment at the upcoming 27th Annual General Meeting. Shri Rajesh Kumar's appointment is subject to approval from shareholders and SEBI. He is a 37-year LIC veteran with leadership experience across marketing, training, and divisional management, currently serving as Director of LIC's North Zone Zonal Training Centre.
This is a routine change in LIC's nominee director seat on CDSL's board, with no immediate material impact on the company's operations or strategy. Shareholders will get to vote on the appointment at the AGM, and it remains subject to SEBI approval before becoming effective.