CDSL has informed the Exchange regarding approval for re-appointment of MD & CEO by Shareholders of CDSL Ventures Limited (CVL), Wholly Owned Subsidiary of the CDSL.
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CDSL has informed the exchange that shareholders of its wholly owned subsidiary, CDSL Ventures Limited (CVL), have approved the re-appointment of Shri Sunil Alvares as MD & CEO of CVL. The re-appointment was approved at an Extra Ordinary General Meeting held on September 30, 2025, based on the board's recommendation. His new term runs from November 1, 2025 to April 30, 2026, a period of about six months. This is a continuation of his existing role at the subsidiary level, not a leadership change at the listed parent company CDSL itself.
This is a routine governance update at the subsidiary level and is unlikely to have a material impact on CDSL's stock price. Shareholders may note the relatively short six-month tenure, suggesting a possible longer-term succession review at CVL in due course.