Central Depository Services (India) Limited has appointed Nayana Ovalekar (DIN: 02195513) as Executive Director for Vertical 2, overseeing Regulatory, Compliance, Risk Management and Investor Grievances. The Governing Board approved the appointment at its meeting on June 19, 2026, following SEBI approval received on May 25, 2026.
Ovalekar's five-year term runs from June 19, 2026, to June 18, 2031, subject to ratification by shareholders. She has been categorised as a Whole Time Director on the Governing Board under the SEBI (Depositories and Participants) Regulations, 2018.
She will continue as Chief Regulatory Officer and Compliance Officer under the SEBI (Depositories and Participants) Regulations, 2018 until a new incumbent is appointed.
Ovalekar has over three decades of experience in the Indian securities market infrastructure ecosystem. She is a commerce graduate and a qualified company secretary. Her expertise includes regulatory compliance, corporate governance, depository operations, and investor protection. She has worked across a broad spectrum of depository functions during her career.
She has advised senior management and the Governing Board on regulatory, governance, and strategic matters. Her work includes policy formulation, regulatory implementation, and strengthening governance and control frameworks. She has experience across depository functions, covering regulatory requirements, business operations, and market infrastructure dynamics.
Ovalekar has been involved in regulatory and investor protection initiatives and strengthening surveillance and oversight mechanisms. She has engaged with regulators and stakeholders on policy implementation and industry initiatives. She has contributed to initiatives to enhance the integrity and efficiency of securities market infrastructure.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.