National Securities Depository Ltd — Important, 14-08-2026: Company Update

NSDL has received a Show Cause – cum – Demand Notice from the GST Authority, alleging non-payment of GST on royalty for brand and logo usage by its related associate entities from FY 2020-21 to FY 2023-24. The notice raises a demand of Rs. 28.68 Cr. NSDL is evaluating the notice and intends to file a detailed reply, pursuing all available legal remedies. The company states there is no immediate financial impact.