Financial Performance Overview

Nippon India AMC delivered record financial performance in FY26 with standalone net profit of ₹1,497.75 crore (up 20% YoY) and consolidated net profit of ₹1,529 crore (up 19% YoY). Revenue from operations grew 21% to ₹2,709 crore, driven by strong AUM growth of 18% to ₹7.73 lakh crore. The company maintained its position as India's fourth largest AMC with 8.89% market share and served 2.38 crore unique investors. Key metrics included Return on Equity of 34.5% and systematic book of ₹44,700 crore annualized.

Dividend Declaration and Corporate Actions

The Board declared an interim dividend of ₹9 per share during the year and proposed a final dividend of ₹12.50 per share for FY26, subject to shareholder approval at the upcoming AGM. Total dividend payout for FY26 amounted to ₹1,208.34 crore with a 91.5% payout ratio. The company also plans significant ESOP restructuring, transferring 91.72 lakh unallocated options from existing plans to a new ESOS 2026 scheme.

31st Annual General Meeting Details

The 31st AGM will be held on July 8, 2026, through video conferencing to consider several resolutions including adoption of financial statements, dividend declaration, director appointments, and ESOP scheme approvals. The remote e-voting period is scheduled from July 4-7, 2026, with July 1, 2026 as the cut-off date for determining shareholder eligibility.

Corporate Governance and Compliance

The company demonstrated strong corporate governance with four Risk Management Committee meetings during FY26 and successful completion of three postal ballots with 98-99% approval rates. All investor grievances were resolved with zero pending complaints, and 100% of shares are held in dematerialized form. The company maintained compliance with SEBI regulations except for one instance where SEBI imposed a ₹2 lakh penalty for erroneous methodology in charging ETF expenses.

Auditor's Report and Emphasis of Matter

Auditors issued an unmodified opinion but highlighted an emphasis of matter regarding a SEBI show cause notice received during FY2024-25 alleging non-compliance with certain provisions regarding mutual fund investments. Management believes they have complied with relevant guidelines and has filed for settlement proceedings, with no provisions made pending outcome.

ESG and CSR Initiatives

The company allocated ₹23.30 crore towards CSR activities focusing on healthcare, education, sports, rural development, and environmental sustainability. ESG performance included 14.5% renewable energy consumption and commitment to 45% emissions reduction by 2030.

Subsidiaries and Business Segments

NAM India operates through two subsidiaries in Singapore and India, engaged in financial services including Mutual Funds, AIF, PMS, Offshore business, and GIFT City offerings. The company employed 1,203 personnel across 271 locations and worked with over 1,23,800 distributors covering 97% of Indian pincodes.

Signatories and Compliance Certification

The documents were signed by key management including Mr. Sundeep Sikka (MD & CEO), Mr. Valde Varghese (Company Secretary), and auditors S.R. Batliboi & Co. LLP. Compliance certification confirmed that all directors meet regulatory requirements and the company has adopted non-mandatory governance practices including separate Chairperson and Managing Director roles.