NSEUpdates28 Jul 2026 · 28 Jul 2026, 06:53 pm
Updates
Central Depository Services (India) Limited · CDSL
✦ AI SummaryJoint Venture
CDSL has received SEBI approval for a joint venture agreement with Shoveltech Solutions Private Limited and has disbursed Rs. 25 lakhs for the development of a Minimum Viable Product (MVP).
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
CDSL has informed the Exchange regarding SEBI Approval for Joint Venture Agreement between CIRL, subsidiary of CDSL and Shoveltech Solutions Private Limited and Disbursement of Rs. 25,00,000 for development of a Minimum Viable Product (MVP).
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CDSL_28072026183522_NSE_Intimation_CIRLjointventure_Shoveltech_final_Signed.pdf
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Central Depository Services (India) Limited
CDSL/CS/NSE/RG/2026/108 July 28, 2026
The Manager,
Listing Compliance Department,
National Stock Exchange of India Ltd.,
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051.
Symbol: CDSL
ISIN: INE736A01011
Sub: SEBI Approval for the Joint Venture Agreement between Centrico Insurance
Repository Limited and Shoveltech Solutions Private Limited and
Disbursement of Rs. 25 Lakhs.
Re: Disclosure under Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI
Listing Regulations).
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that
SEBI, vide its letter no. HO/47/28/13(4)2026-MRD-RAC2/I/17525/2026 dated July 28,
2026, has approved the Joint Venture Agreement (Software Development Partnership
Agreement) between Centrico Insurance Repository Limited (formerly known as CDSL
Insurance Repository Limited), subsidiary of Central Depository Services (India) Limited
(CDSL) and Shoveltech Solutions Private Limited and Disbursement of Rs. 25,00,000
(Rupees Twenty-Five Lakhs only) for development of a Minimum Viable Product (MVP)
subject to the condition that CDSL shall maintain its net worth requirement at all the
times in terms of Regulation 14(1) of SEBI (Depositories and Participants) Regulations,
2018 on standalone basis.
The above information is also available on the website of the Company:
www.cdslindia.com.
This is for your information and records.
Yours faithfully,
For Central Depository Services (India) Limited
Nilay Shah
Company Secretary & Compliance Officer
ACS No. : A20586
Classification - Public
Regd. Office : Marathon Futurex, A Wing, 25th Floor,
Mafatlal Mills Compound, N M Joshi Marg, Lower Parel (E), Mumbai - 400 013.
Phone: 91-22-2302 3333 • Fax: 91-22-2300 2036 • CIN: L67120MH1997PLC112443
Website: www.cdslindia.com