Event Overview

Nippon Life India Asset Management Limited held its 31st Annual General Meeting (AGM) on July 8, 2026, at 12:30 PM IST through Video Conferencing. The meeting concluded at 2:22 PM IST. All 10 resolutions put forth before the AGM were duly approved by members with requisite majority.

Meeting Proceedings

  • Mr. Upendra Kumar Sinha, Chairperson of the Board, chaired the meeting
  • Mr. Sundeep Sikka, Managing Director and CEO, provided an overview of company performance
  • Remote e-voting was conducted from July 4, 2026 (9:00 AM) to July 7, 2026 (5:00 PM)
  • The company engaged National Securities Depository Limited (NSDL) for remote e-voting services
  • Mr. Mukesh Siroya of M/s. M. Siroya & Co. was appointed as scrutinizer
  • 80 members attended the meeting through VC (1 promoter, 79 public)

Voting Results Details

Ordinary Business

Item 1: Adoption of Financial Statements

  • Resolution: Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026
  • Total votes cast: 595,043,973 shares
  • Votes in favor: 595,042,574 shares (100.00%)
  • Votes against: 1,399 shares (0.00%)

Item 2: Dividend Declaration

  • Resolution: Confirmation of Interim Dividend of ₹9 per equity share and declaration of Final Dividend of ₹12.50 per equity share for FY 2025-26
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 595,288,032 shares (100.00%)
  • Votes against: 210 shares (0.00%)

Item 3: Director Reappointment

  • Resolution: Reappointment of Mr. Minoru Kimura (DIN: 07497568) who retires by rotation
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 590,536,478 shares (99.20%)
  • Votes against: 4,751,764 shares (0.80%)

Special Business

Item 4: Director Appointment

  • Resolution: Appointment of Mr. Hironao Kunita (DIN: 11679042) as Non-Executive Director
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 592,812,422 shares (99.58%)
  • Votes against: 2,475,820 shares (0.42%)

Item 5: ESOP Plan Amendment

  • Resolution: Amendment to 'Nippon Life India Asset Management Limited Employee Stock Option Plan 2017'
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 594,201,478 shares (99.82%)
  • Votes against: 1,086,764 shares (0.18%)

Item 6: ESOP Plan Amendment

  • Resolution: Amendment to 'Nippon Life India Asset Management Limited Employee Stock Option Plan 2019'
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 594,220,717 shares (99.82%)
  • Votes against: 1,067,525 shares (0.18%)

Item 7: New ESOP Scheme

  • Resolution: Approval of 'Nippon Life India Asset Management Limited Employee Stock Option Scheme 2026'
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 592,848,561 shares (99.59%)
  • Votes against: 2,439,681 shares (0.41%)

Item 8: ESOP Extension to Subsidiaries

  • Resolution: Extension of ESOP Scheme 2026 to employees of subsidiary companies
  • Total votes cast: 595,288,242 shares
  • Votes in favor: 592,849,577 shares (99.59%)
  • Votes against: 2,438,665 shares (0.41%)

Item 9: ESOP Extension to Holding Company

  • Resolution: Extension of ESOP Scheme 2026 to employees of holding company
  • Total votes cast: 595,288,183 shares
  • Votes in favor: 558,077,951 shares (93.75%)
  • Votes against: 37,210,232 shares (6.25%)

Item 10: ESOP Extension to Group Companies

  • Resolution: Extension of ESOP Scheme 2026 to employees of group companies, including associate company
  • Total votes cast: 595,373,348 shares
  • Votes in favor: 556,273,509 shares (93.43%)
  • Votes against: 39,099,839 shares (6.57%)

Shareholding Pattern

  • Total number of shareholders on record date: 204,314
  • Promoter holding: 459,028,095 shares (71.80%)
  • Public institutions holding: 143,920,690 shares (22.52%)
  • Public non-institutions holding: 36,347,112 shares (5.68%)
  • Total outstanding shares: 639,295,897