StockWatch
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Depositories, Clearing Houses and Other Intermediaries
Management Change25 May 2026, 05:02 pm

NSDL: SEBI Approves ED Appointments for Vertical 1 & 2

AI Summary

SEBI has approved the appointment of Mr. Subhash Kelkar as Executive Director for Vertical 1 (Critical Operation) and Mr. Ankit Sharma as Executive Director for Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances) at National Securities Depository Limited (NSDL). The appointments are effective from their respective joining dates, subject to acceptance of the offer, fulfillment of terms, shareholder approval, and completion of due process. Mr. Kelkar previously served as CTO at BSE, while Mr. Sharma is currently Chief Regulatory Officer at NSE.

Key Highlights

  • SEBI approves Subhash Kelkar as ED for NSDL Vertical 1 (Critical Operation).
  • Ankit Sharma gets SEBI nod as ED for NSDL Vertical 2 (Regulatory, Compliance).
  • Appointments effective upon joining, subject to standard approvals.
  • Kelkar brings 33 years of experience, previously CTO at BSE.
  • Sharma has 30+ years of experience, currently at NSE.