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Notice of the 23Rd Annual General Meeting (AGM) and Annual Report for the Financial Year 2020-2021

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Notice of the 23Rd Annual General Meeting (AGM) and Annual Report for the Financial Year 2020-2021 Central Depository Services (India) Limited CDSL/CS/NSE/PSB/2021/192 August 26, 2021 The Manager, Listing Compliance Department, National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: CDSL ISIN: INE736A01011 Ref : Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub : Notice of the 23rd Annual General Meeting (AGM) and Annual Report for the Financial Year 2020-2021. This is with reference to our letter number CDSL/CS/NSE/ASN/2021/189 dated August 20, 2021 intimating the date of Annual General meeting and Record date. Pursuant to Regulation 30 and 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Notice of the 23rd Annual General Meeting of the Company scheduled to be held on Tuesday, September 21, 2021 at 3:30 p.m. (IST) through Video Conferencing (“VC”) or Other Audio Visual Means (“OAVM”) along with the Annual Report for the financial year 2020-2021. The Company shall commence dispatch (by electronic means) of the Notice of 23rd AGM and the Annual Report for FY 2020-21 to the members from today i.e. August 26, 2021. Further, the said documents are made available on website of the Company at https://www.cdslindia.com/InvestorRels/AnnualReports.html. and on the website of KFin Technologies Private Limited (“KFintech”) at https://evoting.kfintech.com/public/Downloads.aspx This is for your information and records. Yours faithfully For Central Depository Services (India) Limited Nilay Shah Group Company Secretary & Head Legal Encl: As above 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 Statutory Report - Board of Directors' Report CONTENTS ABOUT US Corporate Information 7 CDSL at a glance 9 Corporate Overview - 10 Years Financial Highlights 12 As a matter of practice your Company does not speculate in, discuss or publish any forward-looking statements. All statements made by the Company is in NOTICE 13 public domain. In fact, the presentations made by the Company as well as the transcript of the discussion the Company had with the investors, analysts, etc. are made STATUTORY REPORTS available on the website of the Company and also on the website of NSE where the shares of the Company Board of Directors' Report 26 are listed. Report on Corporate Governance 53 Management Discussion and Analysis 81 Forward Looking Statements Business Responsibility Report 93 In this Annual Report, your Company has disclosed forward looking information with respect to nancial condition, results, operations and businesses of CDSL FINANCIAL STATEMENTS to enable investors to comprehend the prospects and take investment decisions. This report and other Standalone Financial Statements for the year statements written and oral – that your Company ended March 31, 2021 periodically makes contain certain forward-looking Independent Auditor’s Report 100 statements that set out anticipated results based on the management’s plans and assumptions. Your Company Balance Sheet 106 has tried, wherever possible, to identify such statements Statement of Prot and Loss 107 by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar Statement of Changes in Equity 108 substance in connection with any discussion of future Cash Flow Statement 109 performance. Your Company cannot guarantee that these forward-looking statements will be realised, Signicant Accounting Policies & Notes Forming 111 although in all fairness it is believed that your Company part of the Standalone Financial Statements has been prudent in its assumptions. The achievements of results are subject to various risks like business Consolidated Financial Statements for the year risks, regulatory risks, economic uncertainties and ended March 31, 2021 even inaccurate assumptions. Further, your Company Independent Auditor’s Report 153 could face known or unknown risks or uncertainties, or underlying assumptions may prove inaccurate, actual Consolidated Balance Sheet 160 results could vary materially from those anticipated, Consolidated Statement of Prot and Loss 161 estimated or projected. Your Company undertakes no obligation to publicly undertake any forward-looking Consolidated Statement of Changes in Equity 162 statement, whether as a result of new information, Consolidated Cash Flow Statement 163 future events or otherwise. Signicant Accounting Policies & Notes Forming 165 part of the Consolidated Financial Statements Abbreviations 214 CONVENIENT • DEPENDABLE • SECURE 1 Annual Report 2020 - 21 CDSL’s celebration of 3 crore demat accounts − Senior dignitaries from SEBI and the top ocials of the Market Infrastructure Institutions (MIIs) at the event. (left to right) Shri Ashishkumar Chauhan, MD & CEO, BSE, Shri Nehal Vora, MD & CEO, CDSL, Ms. Arti Chhabra Srivastava, Chief Vigilance Ocer (CVO), SEBI, Shri. S. K. Mohanty, Whole-Time Member, SEBI, Shri G. Mahalingam, Whole-Time Member, SEBI, Shri Nagendraa Parakh, Executive Director, SEBI, Shri V S Sundaresan, Executive Director, SEBI, Shri Anand Baiwar, Executive Director, SEBI, Shri G P Garg, Executive Director, SEBI, Ms. Latika Kundu, Managing Director & CEO, Metropolitan Stock Exchange of India Ltd, Shri P. S. Reddy, Managing Director & CEO, Multi Commodity Exchange of India Ltd and Shri Vikram Kothari, Managing Director, NSE Clearing Ltd. Shri Nehal Vora, MD & CEO, CDSL presenting the 3 crore milestone memento to Shri G Mahalingam, Whole Time Member, SEBI. 2 CONVENIENT • DEPENDABLE • SECURE Statutory Report - Board of Directors' Report Chief Guest, Shri G Mahalingam, Whole Time Member, SEBI addressing on occasion of 3 crore celebration event. CDSL’s celebration of 3 crore demat accounts − Senior dignitaries from SEBI & the Top ocials of the Market Infrastructure Institutions (MIIs) at the event. (left to right) Ms. Latika Kundu, Managing Director & CEO, Metropolitan Stock Exchange of India Ltd, Shri Ashishkumar Chauhan, MD & CEO, BSE Limited, Ms. Arti Chhabra Srivastava, Chief Vigilance Ocer (CVO), SEBI, Shri Anand Baiwar, Executive Director, SEBI, Shri Nagendraa Parakh, Executive Director, SEBI, Shri G. Mahalingam, Whole-Time Member, SEBI, Shri. S. K. Mohanty, Whole-Time Member, SEBI, Shri G P Garg, Executive Director, SEBI, Shri V S Sundaresan, Executive Director, SEBI, Shri Nehal Vora, MD & CEO, CDSL, Shri P. S. Reddy, Managing Director & CEO, Multi Commodity Exchange of India Ltd and Priya Subbaraman, Chief Regulatory Ocer, NSE. CONVENIENT • DEPENDABLE • SECURE 3 Annual Report 2020 - 21 CHAIRPERSON’S MESSAGE Corporate Governance We are committed to maintain the highest standards of corporate governance along-with the appropriate risk management practices and cyber resiliency. While we continued providing digital services to all market participants, we also continue to be an environmentally sustainable and socially conscious company. We continued to reduce paper and energy usage and managed our resources eciently. We also contributed towards the COVID-19 relief eorts undertaken by our Government. The Board of the Company has guided and assisted the Management to design a robust strategy. The Board recognised Dear Valued Shareholders, the need for enhanced cyber security measures in view of the We hope you and your loved ones are safe and healthy. increased reliance on digitization of processes and services. The cyber security measures adopted by the company have As the Chairperson of the Board of your Company with a highly skilled management, it has been my privilege to be part of the enabled it to provide secured services to its stakeholders. CDSL Journey. Transformation This year has witnessed extremely challenging and In the post-pandemic world, the new normal has prompted unprecedented circumstances on account of the pandemic. all of us to make our services and working styles more However despite these conditions, your company has technology driven. This accelerated digital transformation has managed its operations smoothly and has managed to post not only exhibited our focus on business continuity, customer robust nancial results for the year, thereby demonstrating its support and communications, but also our ability to adapt to key strengths and the impact of its strategy. changing circumstances by enabling our employees to Work We look back at the year not so much for the memories it from Home. In this transformed world, digital solutions will helped us create, but as the new paradigms and situations it gain importance and become the priority for all organizations. enforced on our history. Depository service was categorized With a new year comes new responsibilities, new necessities as an essential service. In these testing times, CDSL and its and new innovations. Keeping this in mind, CDSL has worked employees have represented strong resilience and ability to towards the self-suciency of the Atmanirbhar Investor by adapt to the changing circumstances. Whilst on one hand the introducing and promoting various new platforms and services health and the well-being of our employees, investors and all for the empowerment of the investor and bringing in easy our stakeholders are of utmost importance to us, the business onboarding and execution of transactions. continuity of CDSL and its operations have also been given equal importance
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