Nippon Life India Asset Management logo

Nippon Life India Asset Management MD, chairman, board of directors and AGM

NSE: NAM-INDIABSE: 540767Capital MarketsMid Cap

Formerly Reliance Nippon Life Asset Management
Last close ₹922.60down ₹53.40 (5.47%)BSE ₹922.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹976.00.

52-week range of traded prices to 23 Oct 2026
₹795.80Low, 27 Jan 2026₹1,269.50High, 24 Aug 2026
Market cap
₹59,050 Cr172nd largest listed
P/E
36.5
P/B
12.4
Dividend yield
2.33%
ROE
35.3%
ROCE
41.4%
Debt to equity
0.00
Volume, NSE
30,36,85337.3% delivered

Nippon Life India Asset Management board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonU K Sinha
  • Company Secretary and Compliance OfficerValde Varghese

8 directors4 independent1 executive3 non-executive

  • U K Sinha · ChairpersonIndependent · joined May 2023 · reappointed May 2023 · 41 months as independent · 4 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • Sonu Halan BhasinIndependent · joined Mar 2025 · reappointed Mar 2025 · 18 months as independent · 6 listed boards · 5 as independent · 9 committee seats, 4 as chair
  • Ashvin Dhirajlal ParekhIndependent · joined Aug 2020 · reappointed Aug 2025 · 74 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
  • Balasubramanyam SriramIndependent · joined Mar 2021 · reappointed Mar 2026 · 66 months as independent · 6 listed boards · 6 as independent · 4 committee seats, 1 as chair
  • Sundeep SikkaNominee, executive · joined Apr 2016 · reappointed Apr 2026 · 1 listed board · 1 committee seat
  • Minoru KimuraNominee, non-executive · joined Apr 2022 · 1 listed board · 1 committee seat
  • Hiroki YamauchiNominee, non-executive · joined Apr 2023 · 1 listed board · 1 committee seat
  • Hironao KunitaNominee, non-executive · joined Apr 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Kosuke Kuroishi, left 27 Apr 2026: Others
  • Ved Prakash Malik, left 21 Apr 2026: Tenure Completion
  • Tomohiro Yao, left 28 Apr 2025: Others
  • Ameeta Chatterjee, left 23 Mar 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 Sep 20268 of 8 present4 independent · 15 days in between
    • 14 Sep 20267 of 8 present4 independent · 53 days in between
    • 22 Jul 20268 of 8 present4 independent · 28 days in between
    • 23 Jun 20268 of 8 present4 independent · 56 days in between
    1 earlier meeting
    • 27 Apr 20268 of 8 present4 independent

  • Audit Committee

    Chair Ashvin Dhirajlal Parekh

    Balasubramanyam Sriram, U K Sinha, Sonu Halan Bhasin, Minoru Kimura, Hironao Kunita

    • 14 Sep 20266 of 6 present4 independent · 53 days in between
    • 22 Jul 20266 of 6 present4 independent · 28 days in between
    • 23 Jun 20266 of 6 present4 independent · 5 days in between
    • 17 Jun 20265 of 6 present3 independent · 50 days in between
    1 earlier meeting
    • 27 Apr 20265 of 6 present4 independent

  • Nomination and remuneration committee

    Chair Balasubramanyam Sriram

    Ashvin Dhirajlal Parekh, U K Sinha, Minoru Kimura, Sonu Halan Bhasin, Hiroki Yamauchi

    • 27 Apr 20266 of 6 present4 independent

  • Stakeholders Relationship Committee

    Chair Sonu Halan Bhasin

    Sundeep Sikka, Hiroki Yamauchi

    • 22 Jul 20263 of 3 present1 independent · 85 days in between

  • Risk Management Committee

    Chair Hiroki Yamauchi

    Sundeep Sikka, Ashvin Dhirajlal Parekh, Balasubramanyam Sriram, U K Sinha, Hironao Kunita, Rishi Garg

    • 24 Aug 20265 of 6 present3 independent · 94 days in between
    • 21 May 20265 of 6 present3 independent

  • Corporate Social Responsibility Committee

    Chair Hiroki Yamauchi

    Sundeep Sikka, Sonu Halan Bhasin, Hironao Kunita

    • 16 Jul 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • S.R. Batliboi& CO LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Nippon Life India Asset Management AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Nippon Life India Asset Management dividend history

Annual general meeting, 8 Jul 2026

2,04,314 shareholders on the register on 1 Jul 2026; present: 1 promoter and 79 others; votes counted by Mr. Mukesh Siroya / M/s. M. Siroya & Co.The company's voting result (opens in a new tab)

  1. To consider and adopt: a) The audited standalone financial statement of the Company for the financial year ended March 31, 2026 together with the reports of Board of Directors and Auditors thereon; and b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.22%

    Turnout: all 93.08% · promoters 100.00% · institutions 94.06% · other public 1.79%

  2. To confirm the payment of Interim Dividend of Rs. 9/- per Equity Share and to declare a Final Dividend of Rs. 12.50 per Equity Share for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  3. To appoint a director in place of Mr. Minoru Kimura (DIN: 07497568), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and, being eligible, offers himself for re-appointment.MoreLess
    Ordinary
    99.20% for0.80% against

    Against: promoters 0.00% · institutions 3.50% · other public 0.32%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  4. Appointment of Mr. Hironao Kunita as a Non-Executive Director of the Company
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 1.82% · other public 0.27%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  5. To consider and approve amendment to ‘Nippon Life India Asset Management Limited - Employee Stock Option Plan 2017’
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.79% · other public 1.99%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  6. To consider and approve amendment to ‘Nippon Life India Asset Management Limited - Employee Stock Option Plan 2019’
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.78% · other public 0.60%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  7. To consider and approve ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.80% · other public 0.59%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  8. To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of subsidiary company(ies) of the Company
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.80% · other public 0.44%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  9. To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of holding company of the Company
    Special
    93.75% for6.25% against

    Against: promoters 0.00% · institutions 27.44% · other public 0.45%

    Turnout: all 93.12% · promoters 100.00% · institutions 94.23% · other public 1.79%

  10. To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of group company(ies), including associate company, of the CompanyMoreLess
    Special
    93.43% for6.57% against

    Against: promoters 0.00% · institutions 28.83% · other public 0.47%

    Turnout: all 93.13% · promoters 100.00% · institutions 94.23% · other public 2.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 7 Mar 2026, 1 resolution

2,13,250 shareholders on the register on 30 Jan 2026; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Balasubramanyam Sriram as an Independent Director of the Company
    Special
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 2.23% · other public 0.49%

    Turnout: all 92.95% · promoters 100.00% · institutions 94.69% · other public 1.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Jan 2026, 2 resolutions

2,26,987 shareholders on the register on 5 Dec 2025; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sundeep Sikka (DIN: 02553654) as the Managing Director & Chief Executive Officer of the Company
    Ordinary
    98.08% for1.92% against

    Against: promoters 0.00% · institutions 9.13% · other public 0.75%

    Turnout: all 91.34% · promoters 100.00% · institutions 90.09% · other public 1.82%

  2. Approval for amendment in ‘Reliance Nippon Life Asset Management Limited – Employee Stock Option Plan 2019’
    Special
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 6.92% · other public 1.10%

    Turnout: all 91.34% · promoters 100.00% · institutions 90.11% · other public 1.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Jul 2025, 6 resolutions

2,19,998 shareholders on the register on 11 Jul 2025; present: 1 promoter and 73 others; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. To consider and adopt: a) The audited standalone financial statement of the Company for the financial year ended March 31, 2025, together with the reports of Board of Directors and Auditors thereon; and b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2025 together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 91.94% · promoters 100.00% · institutions 93.73% · other public 3.32%

  2. To confirm the payment of Interim Dividend of Rs. 8/- per Equity Share and to declare a Final Dividend of Rs. 10/- per Equity Share for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 91.96% · promoters 100.00% · institutions 93.81% · other public 3.32%

  3. To appoint a director in place of Mr. Hiroki Yamauchi (DIN: 08813007), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re- appointment.MoreLess
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 1.90% · other public 0.04%

    Turnout: all 91.96% · promoters 100.00% · institutions 93.80% · other public 3.32%

  4. Re-appointment of Mr. Ashvin Parekh as an Independent Director of the Company.
    Special
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 3.18% · other public 0.14%

    Turnout: all 91.96% · promoters 100.00% · institutions 93.80% · other public 3.32%

  5. Appointment of Mr. Kosuke Kuroishi as the Non- Executive Director of the Company.
    Ordinary
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 1.94% · other public 0.13%

    Turnout: all 91.96% · promoters 100.00% · institutions 93.80% · other public 3.32%

  6. Appointment of M/s. Siroya and BA Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.48% · other public 0.09%

    Turnout: all 91.96% · promoters 100.00% · institutions 93.80% · other public 3.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Apr 2025, 1 resolution

2,20,413 shareholders on the register on 21 Mar 2025; votes counted by Mukesh Siroya / M Siroya and Company.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Sonu Bhasin as an Independent Director of the Company.
    Special
    98.93% for1.07% against

    Against: promoters 0.00% · institutions 5.04% · other public 1.19%

    Turnout: all 91.80% · promoters 100.00% · institutions 92.02% · other public 1.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Jul 2024, 3 resolutions

Present: 1 promoter and 71 others.The company's voting result (opens in a new tab)

  1. To consider and adopt:na) The audited standalone financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and that of the Auditors’ thereon; andnb) The audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 92.64% · promoters 100.00% · institutions 94.93% · other public 2.29%

  2. To confirm the payment of Interim Dividend of Rs. 5.50 per Equity Share and to declare a Final Dividend of Rs. 11 per Equity Share for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 92.69% · promoters 100.00% · institutions 95.17% · other public 2.29%

  3. To appoint a director in place of Mr. Minoru Kimura (DIN: 07497568), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointmentMoreLess
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 2.45% · other public 0.72%

    Turnout: all 92.69% · promoters 100.00% · institutions 95.17% · other public 2.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Apr 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Approval for Payment of Commission to Independent Directors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.81%

    Turnout: all 91.92% · promoters 100.00% · institutions 95.28% · other public 0.25%

  2. Remuneration of Managerial Personnel
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.19% · other public 31.54%

    Turnout: all 91.92% · promoters 100.00% · institutions 95.28% · other public 0.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Oct 2023, 5 resolutions

The company's voting result (opens in a new tab)

  1. Approval of ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’
    Special
    94.60% for5.40% against

    Against: promoters 0.00% · institutions 30.01% · other public 3.19%

    Turnout: all 89.67% · promoters 100.00% · institutions 82.34% · other public 1.29%

  2. To approve grant of performance linked employee stock units to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’MoreLess
    Special
    92.20% for7.80% against

    Against: promoters 0.00% · institutions 65.11% · other public 3.23%

    Turnout: all 83.56% · promoters 100.00% · institutions 51.12% · other public 1.28%

  3. Approval of ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’
    Special
    96.51% for3.49% against

    Against: promoters 0.00% · institutions 19.39% · other public 3.26%

    Turnout: all 89.67% · promoters 100.00% · institutions 82.34% · other public 1.29%

  4. To approve grant of employee stock options to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’MoreLess
    Special
    94.25% for5.75% against

    Against: promoters 0.00% · institutions 47.99% · other public 3.27%

    Turnout: all 83.56% · promoters 100.00% · institutions 51.12% · other public 1.29%

  5. Re-appointment of Mr. Ajay Patel as the Manager
    Ordinary
    95.48% for4.52% against

    Against: promoters 0.00% · institutions 25.14% · other public 1.73%

    Turnout: all 89.67% · promoters 100.00% · institutions 82.34% · other public 1.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 8 Jul 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt: a) The audited standalone financial statement of the Company for the financial year ended March 31, 2026 together with the reports of Board of Directors and Auditors thereon; and b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2026 together with the report of the Auditors thereon.MoreLess
    15 for0 against
  • To confirm the payment of Interim Dividend of Rs. 9/- per Equity Share and to declare a Final Dividend of Rs. 12.50 per Equity Share for the financial year 2025-26.
    15 for0 against
  • To appoint a director in place of Mr. Minoru Kimura (DIN: 07497568), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and, being eligible, offers himself for re-appointment.MoreLess
    15 for0 against
  • Appointment of Mr. Hironao Kunita as a Non-Executive Director of the Company
    15 for0 against
  • To consider and approve amendment to ‘Nippon Life India Asset Management Limited - Employee Stock Option Plan 2017’
    15 for0 against
  • To consider and approve amendment to ‘Nippon Life India Asset Management Limited - Employee Stock Option Plan 2019’
    15 for0 against
  • To consider and approve ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’
    15 for0 against
  • To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of subsidiary company(ies) of the Company
    15 for0 against
  • To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of holding company of the Company
    Against HSBC Mutual Fund
    • HSBC Mutual FundItem 7 & 8 A vote FOR these resolutions is warranted, although it is not without concern: * The aggregate dilution pursuant to the proposed scheme and in addition to options available for grant or pending to be exercised is in excess of 5 percent. The main reason for support is: * The options will be granted at an exercise price linked to the market price, and overall terms of the scheme are considered reasonable. Item 9 & 10 A vote AGAINST these resolutions is warranted because: * The proposals include grant of options to employees of holding and group companies without a compelling rationale.
    14 for1 against
  • To consider and approve extension of ‘Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2026’ to the employees of group company(ies), including associate company, of the CompanyMoreLess
    Against HSBC Mutual Fund
    • HSBC Mutual FundItem 7 & 8 A vote FOR these resolutions is warranted, although it is not without concern: * The aggregate dilution pursuant to the proposed scheme and in addition to options available for grant or pending to be exercised is in excess of 5 percent. The main reason for support is: * The options will be granted at an exercise price linked to the market price, and overall terms of the scheme are considered reasonable. Item 9 & 10 A vote AGAINST these resolutions is warranted because: * The proposals include grant of options to employees of holding and group companies without a compelling rationale.
    14 for1 against

Mutual fund votes, meeting of 7 Mar 2026, 34 fund houses

  • Re-appointment of Mr. Balasubramanyam Sriram as an Independent Director of the Company
    34 for0 against
6 earlier meetings

Mutual fund votes, meeting of 9 Jan 2026, 33 fund houses

  • Appointment of Mr. Sundeep Sikka (DIN: 02553654) as the Managing Director & Chief Executive Officer of the Company
    Against Axis Mutual Fund, Bank of India Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Unifi Mutual Fund
    • Axis Mutual Fund, Bank of India Mutual Fund, Jio BlackRock Mutual Fund, Unifi Mutual FundSundeep Sikka’s remuneration aggregated to Rs. 190.3 mn in FY25 (excluding perquisites resulting from exercise of ESOPs). We estimate his FY26 remuneration, excluding ESOPs, at Rs. 161.4 mn, based on the current terms of his remuneration. However, the company has not given any guidance regarding the quantum of ESOPs that may be granted during his tenure. The company must disclose details regarding the ESOPs that may be granted to Sundeep Sikka during his term of appointment. In absence of clarity, we are unable to determine the aggregate remuneration that is payable to Sundeep Sikka during the proposed term. The company must also provide granular performance metrics that determine his variable pay. We do not support the resolution.
    • Invesco Mutual FundSundeep Sikka’s remuneration aggregated to Rs. 190.3 mn in FY25 (excluding perquisites resulting from exercise of ESOPs). We estimate his FY26 remuneration, excluding ESOPs, at Rs. 161.4 mn, based on the current terms of his remuneration. However, the company has not given any guidance regarding the quantum of ESOPs that may be granted during his tenure. The company must disclose details regarding the ESOPs that may be granted to Sundeep Sikka during his term of appointment. In absence of clarity, we are unable to determine the aggregate remuneration that is payable to Sundeep Sikka during the proposed term. The company must also provide granular performance metrics that determine his variable pay. We do not support the resolution
    • Mirae Asset Mutual Fundas per advisory recommendation (passive holding)
    27 for6 against
  • Approval for amendment in ‘Reliance Nippon Life Asset Management Limited – Employee Stock Option Plan 2019’
    33 for0 against

Mutual fund votes, meeting of 18 Jul 2025, 28 fund houses

  • To consider and adopt: a) The audited standalone financial statement of the Company for the financial year ended March 31, 2025, together with the reports of Board of Directors and Auditors thereon; and b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2025 together with the report of the Auditors thereon.MoreLess
    28 for0 against
  • To confirm the payment of Interim Dividend of Rs. 8/- per Equity Share and to declare a Final Dividend of Rs. 10/- per Equity Share for the financial year 2024-25.
    28 for0 against
  • To appoint a director in place of Mr. Hiroki Yamauchi (DIN: 08813007), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re- appointment.MoreLess
    28 for0 against
  • Re-appointment of Mr. Ashvin Parekh as an Independent Director of the Company.
    Against Groww Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Groww Mutual Fund, Navi Mutual FundNo concern on the merits of proposed director. Governance & Transparency concern: Non-audit fees has been equal to or more than 50% of the total auditor’s remuneration for the last 3 years and proposed appointee is chairman of the Audit Committee.
    • PGIM India Mutual FundNo concern on the merits of proposed director. Governance & Transparency concern: Non-audit fees has been equal to or more than 50% of the total auditor s remuneration for the last 3 years and proposed appointee is chairman of the Audit Committee.
    25 for3 against
  • Appointment of Mr. Kosuke Kuroishi as the Non- Executive Director of the Company.
    28 for0 against
  • Appointment of M/s. Siroya and BA Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    28 for0 against

Mutual fund votes, meeting of 24 Apr 2025, 28 fund houses

  • Appointment of Mrs. Sonu Bhasin as an Independent Director of the Company.
    28 for0 against

Mutual fund votes, meeting of 12 Jul 2024, 23 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and adopt:na) The audited standalone financial statement of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and that of the Auditors’ thereon; andnb) The audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereonMoreLess
    22 for0 against
  • To confirm the payment of Interim Dividend of Rs. 5.50 per Equity Share and to declare a Final Dividend of Rs. 11 per Equity Share for the financial year 2023-24
    23 for0 against
  • To appoint a director in place of Mr. Minoru Kimura (DIN: 07497568), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointmentMoreLess
    23 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 20 Apr 2024, 19 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Approval for Payment of Commission to Independent Directors
    19 for0 against
4 proposals not matched to one resolution
  • 2) Approve payment of remuneration in excess of regulatory thresholds to Sundeep Sikka (DIN: 02553654) Executive Director & CEO for FY24 on account of exercise of stock options.
    1 for0 against
  • Approve payment of remuneration in excess of regulatory thresholds to Sundeep Sikka (DIN: 02553654) for FY24 on account of exercise of stock options
    2 for0 against
  • Approve Revision in Remuneration of Sundeep Sikka as Executive Director and CEO
    1 for0 against
  • Remuneration of Mr. Sundeep Sikka (DIN: 02553654), Executive Director and CEO of the Company for the financial year 2023 - 24.
    15 for0 against

Mutual fund votes, meeting of 28 Oct 2023, 11 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Approval of ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’
    Against HDFC Mutual Fund
    • HDFC Mutual FundPSUs are being granted at a significant discount to market price
    5 for1 against
  • To approve grant of performance linked employee stock units to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’MoreLess
    Against HDFC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, NJ Mutual Fund
    • HDFC Mutual FundPSUs are being granted at a significant discount to market price
    • Mirae Asset Mutual FundThe company seeks to extend the grant of the Nippon Performance Scheme 2023, to eligible employees of its group company, subsidiaries, associates or holding company. While we support the extension of stock options to employees of unlisted subsidiaries, we do not support these to be extended to employees of group companies, associate companies and/ or holding company.
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Extension of schemes to the employees of group / Holding Company without compelling reasons / cost not reimbursed to the Company.
    • NJ Mutual FundNo compelling reasons to extend scheme to holding company
    2 for4 against
  • Approval of ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’
    6 for0 against
  • To approve grant of employee stock options to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’MoreLess
    Against Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, NJ Mutual Fund
    • Mirae Asset Mutual FundThe company seeks to extend the grant of the Nippon Employee Scheme 2023, to eligible employees of its group company, subsidiaries, associates or holding company. While we support the extension of stock options to employees of unlisted subsidiaries, we do not support these to be extended to employees of group companies, associate companies and/ or holding company
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Extension of schemes to the employees of group / Holding Company without compelling reasons / cost not reimbursed to the Company.
    • NJ Mutual FundNo compelling reasons to extend scheme to holding company
    3 for3 against
  • Re-appointment of Mr. Ajay Patel as the Manager
    11 for0 against
16 proposals not matched to one resolution
  • 1) Approve Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023 (Nippon Performance Scheme 2023).
    1 for0 against
  • 2) Approve grant of Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023 to employees of group company, subsidiaries, associates or holding company.
    1 for0 against
  • 3) Approve Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023 (Nippon Employee Scheme 2023).
    1 for0 against
  • 4) Approve grant of Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023 to employees of group company, subsidiaries, associates or holding company.
    1 for0 against
  • Approve Grant of Employee Stock Options to the Employees of the Group Company under Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2023
    1 for0 against
  • Approve grant of Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023 to employees of group company, subsidiaries, associates or holding company
    2 for0 against
  • Approve grant of Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023 to employees of group company, subsidiaries, associates or holding company
    2 for0 against
  • Approve Grant of Performance linked Employee Stock Units to the Employees of the Group Company under Nippon Life India Asset Management Limited - Performance Linked Stock Unit Scheme 2023
    1 for0 against
  • Approve Nippon Life India Asset Management Limited - Employee Stock Option Scheme 2023
    1 for0 against
  • Approve Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023 (Nippon Employee Scheme 2023)
    2 for0 against
  • Approve Nippon Life India Asset Management Limited - Performance Linked Stock Unit Scheme 2023
    1 for0 against
  • Approve Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023 (Nippon Performance Scheme 2023)
    2 for0 against
  • To approve, Approval grant of employee stock options to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’.MoreLess
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundAdequate info not giiven
    0 for1 against
  • To approve, Approval grant of performance linked employee stock units to the employees of the Group Company including Subsidiary Company or its Associate Company or a Holding Company of the Company under ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’.MoreLess
    Against Edelweiss Mutual Fund
    • Edelweiss Mutual FundAdequate info not giiven
    0 for1 against
  • To approve, Approval of ‘Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2023’.
    1 for0 against
  • To approve, Approval of ‘Nippon Life India Asset Management Limited – Performance linked Stock Unit Scheme 2023’
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Setting up new branches and relocating certain existing branches38.3115.82NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Upgrading the IT system40.6540.65NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Advertising, marketing and brand building activities72.0972.09NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Lending to our Subsidiary (Nippon Life India AIF Management Company Limited) for investment of continuing interest in the new AIF schemes managed by Nippon Life India AIF Management Company Limited125.00125.00NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Investing towards our continuing interest in new mutual fund schemes managed by the Company100.00100.00NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85Funding inorganic growth and strategic initiatives165.000.00NoAuditors: There are no deviation
Public IssuesNov 2017, checked by HDFC BANK LIMITED588.85General Corporate purpose47.8047.80NoAuditors: There are no deviation
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.