Central Depository Services (India) Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
CDSL · price
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Awaiting price reaction for this filing.
CDSL has informed the exchange about a development in an ongoing arbitration case. Originally, Mr. Lalit Shah had filed an arbitration claim against CDSL, which was later withdrawn and then reinvoked in July 2024 for about Rs. 233 crore. Following Mr. Lalit Shah's passing, his wife Mrs. Prafulla Shah has now filed a formal Statement of Claims in the reinvoked arbitration. She is seeking indemnity from CDSL for losses allegedly caused by the misuse of clients' securities by Anugrah Stock & Broking Private Limited (a third-party broker). The claims include three alternative money demands of roughly Rs. 205 crore, Rs. 233 crore, or Rs. 84 crore, all with 18% interest, plus a fourth option seeking restoration of securities. CDSL has not disclosed any settlement or adverse order, and the matter remains under arbitration.
This is a procedural update, not a ruling against CDSL. However, the claim size is very large — up to Rs. 233 crore plus interest, which could be material if the arbitration goes against the company. Investors should watch for further updates as the case progresses, though no immediate financial impact is confirmed.