Mr. Tomohiro Yao (DIN: 08429687), Non-Executive Director (Nominee of NLI), has tendered his resignation, due to change in management team of NLI, with effect from April 28, 2025
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Mr. Tomohiro Yao, a Non-Executive Director and nominee of Nippon Life Insurance (NLI), has resigned from the board of Nippon Life India Asset Management Limited. The resignation is effective April 28, 2025, and is attributed to a change in the management team of NLI, the parent/nominee company. As he was a nominee director representing the parent entity, this is a consequential change linked to NLI's internal restructuring rather than a standalone board-level decision. No replacement name has been mentioned in this filing.
This is a routine nominee director change driven by the parent company's internal management shuffle, and is unlikely to materially affect the company's operations, strategy, or shareholder value. Investors should watch for a subsequent announcement regarding the appointment of a new nominee director from NLI.