National Securities Depository Ltd.

Incorporated in 2012, National Securities Depository Limited (NSDL) is SEBI-registered Market Infrastructure Institution (MII).Core Activities:Acts as a securities depository in India.Maintains electronic records of allotment and ownership transfer of securities.Provides depository services including dematerialization, trade settlement, off-market transfers, pledging of securities, and corporate actions.Provides asset servicing for securities held in dematerialized form.Offers additional services such as e-voting, consolidated account statements (CAS), and non-disposal undertakings (NDU).Subsidiaries:NSDL Database Management Limited (NDML): Offers services across e-governance, regulatory platforms, KYC, insurance repository, and collaborative industry platforms. Handles SEZ automation and the National Skills Registry.NSDL Payments Bank Limited (NPBL): Operates a business-to-business payments bank. Provides digital banking, domestic remittances, savings accounts, AePS, micro-ATMs, prepaid cards, UPI, POS, and third-party product distribution (insurance and mutual funds).Key Figures (as of March 31, 2025):Active demat accounts: 39.45 millionRegistered depository participants: 294Registered issuers: 33,758Account holders located in over 99% of Indian PIN codes and in 186 countriesCompetitive Strengths:India’s first and leading depository, operating a wide range of technology-driven businesses.Strong focus on technology-led product innovation.Robust IT infrastructure, risk management frameworks and cyber-security measures focused on ensuring the safety and integrity of the depository system.Stable revenue base with a significant proportion of recurring revenue.Large Variety of Asset Classes held in Demat Accounts and Well-diversified Business Verticals.Experienced senior management team.

National Securities Depository Ltd. proposes to utilise the net proceeds from the Issue for the following objects: