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AI summary
Sebi has imposed a Rs 1 crore fine on CDSL for failing to adequately secure critical systems despite enhanced regulatory requirements. No monetary penalty was imposed on former CISO Rajesh Nadkarni and former CTO Amit Mahajan. The action relates to the November 18, 2022 malware attack that disrupted CDSL's critical depository operations, forcing it to isolate systems from the market.