Mumbai/New Delhi : National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) are pleased to announce the introduction of a new feature in their investor apps that enables retail shareholders to access proxy advisor recommendations while voting on company resolutions through the e-Voting system.
The new feature was officially launched by Securities and Exchange Board of India (SEBI) Chairman Shri. Tuhin Kanta Pandey.
This update, introduced as part of SEBI’s ongoing efforts to deepen retail investor participation in corporate governance, brings greater transparency and informed decision-making into the hands of individual investors.
The feature is available within the SPEED-e app/web portal by NSDL and the MyEasi app introduced by CDSL and was launched with the aim of democratising shareholder information and improving access to expert voting advice from SEBI-registered proxy advisory firms. The SEBI-registered proxy advisory firms providing recommendations are Stakeholders Empowerment Service (SES), Institutional Investor Advisory Service (IiAS) and InGovern Research Services.
The feature offers the investors access to following information:
- View and compare proxy advisor recommendations for each resolution before casting their vote.
- “Vote as per Proxy Advisor’s Recommendation” option provides access to expert insights during the e-Voting process.
- Modify their vote before final submission, aiming to achieve flexibility.
- Cast vote with confidence and actively participate in informed corporate decision-making.
The feature is integrated into the e-Voting flow within both depository apps, providing significant benefits to investors that include:
- Making more informed decisions on complex corporate resolutions.
- Accessing guidance at the point of voting.
- Participating in enhancing stronger corporate governance standards.
Speaking about the launch, Shri. Tuhin Kanta Pandey, Chairman, Securities and Exchange Board of India, said:
“The e-Voting process tries to ensure higher shareholder participation in shareholder meetings, enhancing transparency and corporate governance standards. Having access to the proxy advisor recommendation enables investors to make informed decisions with confidence. In the spirit of co-creation, we welcome the collaboration among depositories to advance investor empowerment and foster technology-driven inclusion in India’s capital markets.”
Speaking about the enhancement, Shri. Vijay Chandok, Managing Director and Chief Executive Officer, NSDL, said: “This feature is another example of our aim to empower investors with practical tools they need to be active, informed participants in corporate decisions. We remain committed to building a trusted, resilient ecosystem that benefits all stakeholders.”
Shri. Nehal Vora, MD & CEO, CDSL, added: “With the addition of proxy advisory inputs within the e-Voting process, we are placing decision-making directly in the hands of our investors. It reinforces our ongoing commitment to leveraging technology and innovation to enhance investor services and broaden market participation.”
The feature is now live and accessible through both NSDL’s SPEED-e and CDSL’s MyEasi investor applications.
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