National Securities Depository Ltd

The provided pages from the National Securities Depository Limited document do not mention any current or future fundraising plans through debt or equity. Key points relevant to this query: - No explicit discussion on raising funds through debt or equity in the excerpts. - Focus is on growth through operational improvements, technology investments, and diversifying business streams. - Mention of cost control, but no indication of needing external capital. - Investment in technology capex expected to peak over current and next year, then decline. - Emphasis on organic growth and regulatory compliance rather than external fundraising. Therefore, based on the provided content, there is no indication of any planned or ongoing fundraising through debt or equity announced.

- NSDL is significantly investing in technology with a focus on capacity augmentation, improving digital integration for Depository Participants (DPs), and enhancing cybersecurity. - Capital expenditure for technology was about INR 106 crores in the year, split between infrastructure and software/licenses. - The current year (FY26) is expected to have a similar technology capex and opex spend, considered the peak of the investment phase. - From next year onward, a decline in technology-related capex is anticipated as major investments conclude. - Manpower additions peaked last year, with fewer additions expected this year; focus will shift to productivity and leveraging automation. - Investments also include efforts to improve customer experience, onboard new-age brokers, and support new initiatives like women and Yuva demat plans. Overall, NSDL's strategic investment centers on digital transformation and technological upgrades, expecting a stabilization of capex after the current year.

- NSDL expects secular, steady growth in custody fees linked to account sourcing and onboarding high-growth potential DPs, including fintech brokers. - New-age fintech brokers onboarded as DPs with NSDL are driving incremental account additions, with one segment scaling up from 70,000 to 700,000 accounts in a year. - NDML and Payments Bank subsidiaries have growth opportunities but are subject to regulatory changes; diversification in revenue streams is a priority to manage risks. - Digital payments via Payments Bank have grown 6x in UPI volumes, with deposits crossing INR 500 crores and over 4 million customers, indicating potential in banking revenues. - Corporate actions and IPO revenues fluctuate with market activity; last year's spike due to specific events is not necessarily repeated. - Continuous technology and process improvements aim to enhance customer experience and drive volume growth. - Overall, focus remains on quality growth, market expansion, and risk-managed scaling of all subsidiaries.

- NSDL expects steady growth driven by increased Demat account sourcing, especially from new fintech brokers and high-growth potential DPs. - Diversification across subsidiaries like NDML (insurance repository, SEZ, KRA, National Skills) aims to reduce regulatory impact and enhance revenue streams. - Focus on quality business and technology investments to improve customer experience and operational efficiency. - Technology and manpower investments peaked last year and this year; expects plateauing thereafter, leading to improved operating leverage. - Subsidiary contribution to consolidated profits is increasing (from 5% to 10%), indicating growing diversification benefits. - Banking services, especially Payments Bank, are scaling up with CASA float above INR500 crores and increased digital payments revenue. - Overall, cautious optimism due to regulatory uncertainties but growth expected via diversification, digital expansion, and improved productivity. - Consolidated PAT grew 10.8% YoY to INR380 crores in FY26; this trend is expected to continue but with risk-managed sustainable growth.

The provided pages from the NSDL document do not mention any details about current or expected orderbook or pending orders. The discussion primarily focuses on: - Demat account additions and market share dynamics. - Revenue and profitability trends of NSDL and its subsidiaries. - Growth in fintech brokers and onboarding new Depository Participants (DPs). - Investments and expenses in technology and manpower. - Regulatory environment impacting subsidiaries like NDML and Payments Bank. - Digital transformation initiatives and investor awareness programs. No specific data or commentary on orderbook status or pending orders is available in the provided sections.