Technical glitch at NSDL hits e-voting at more than a dozen companies

MIIs are institutions such as stock exchanges, clearing corporations, and depositories

E-voting at more than a dozen companies got affected due to a technical glitch at National Securities Depository (NDSL) on Friday and most part of Saturday before it got resolved. 

The depository firm is a leading provider of e-voting system that enables shareholders to cast their votes through the internet on resolutions of companies. According to sources, NDSL’s e-voting system was down for two days due to an unprecedented technical error. 

Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said. 

Nageswara Rao, managing director and chief