Intimation for receipt of approval from SEBI for the appointment of Executive Director (ED) of NSDL for Vertical 1 and Vertical 2

NSDL has received SEBI approval for the appointment of two Executive Directors. Mr. Subhash Kelkar has been appointed as ED for Vertical 1 (Critical Operations) and Mr. Ankit Sharma as ED for Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances), both for five-year terms. Mr. Kelkar brings 33 years of experience, most recently serving as CTO at BSE, while Mr. Sharma has 30+ years of experience and currently serves as Chief Regulatory Officer at NSE. The appointments are contingent upon acceptance of offers, shareholder approval, and completion of due process. Both candidates have strong backgrounds in market infrastructure and regulatory compliance.