Central Depository Services (India) Limited (CDSL) announced today that it has secured approval from the Securities and Exchange Board of India (SEBI) for the appointment of Nehal Vora as the company’s Managing Director and Chief Executive Officer (MD & CEO). The regulatory nod was granted through SEBI’s letter dated August 29, 2024.

The appointment of Nehal Vora, who holds the Director Identification Number (DIN) 02769054, remains subject to his formal acceptance of the offer and the satisfaction of necessary terms and conditions. Additionally, the appointment will need ratification from CDSL’s shareholders, along with the completion of other procedural formalities.

Nehal Vora’s transition to this leadership role marks a significant development for CDSL, especially as the company continues to focus on fortifying its leadership in alignment with its long-term strategic goals. Previously serving as the Chief Regulatory Officer at the BSE, Vora is expected to bring valuable experience to CDSL, furthering its mission to enhance the depository services landscape in India.

The details regarding the official commencement of his tenure will be disclosed once the remaining formalities are concluded. This appointment follows the move of CDSL’s former MD & CEO, PS Reddy, to the Multi Commodity Exchange (MCX) as its new MD and CEO.