CDSL has informed the Exchange regarding 'Business Responsibility and Sustainability Report for Financial Year 2024-2025'.
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Awaiting price reaction for this filing.
CDSL has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to the stock exchange, as required under SEBI's Listing Regulations. The company's turnover stood at ₹848.21 crore with a net worth of ₹1,391.28 crore, with 100% revenue coming from depository services across 14 Indian offices. CDSL employed 517 people during the year (28.43% female) and has set up a new dedicated CSR and ESG Committee to strengthen sustainability oversight. The report highlights that CDSL maintained ISO 27001:2022 (information security) and ISO 22301:2019 (business continuity) certifications, started tracking its Scope 1 and 2 carbon emissions, and saw beneficial owner complaints drop sharply to 7,174 from 13,082 in the previous year. However, CDSL disclosed several SEBI financial disincentives totalling around ₹4.90 crore related to past cyber security lapses, pay-in process delays, and technical glitches, all of which have been paid and root causes addressed.
This is a routine annual compliance filing and is unlikely to move the stock on its own. Investors should note the cumulative SEBI penalties (~₹4.9 crore) for past operational and cyber incidents, though the company states these issues have been fully remediated. The new ESG governance structure and emissions tracking are positive signals on the sustainability front.