Nippon Life India Asset Management Limited has informed the Exchange regarding Change in Director(s) of the company.
NAM-INDIA · price
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The Board approved Q4 and FY2026 audited financial results with standalone profit after tax of Rs. 1,497.75 crore for the year, up about 20% from Rs. 1,252.23 crore in the previous year. The Board recommended a final dividend of Rs. 12.50 per share for FY2026, taking the total annual dividend to Rs. 21.50 per share including the interim dividend already paid. The Board also approved a new Employee Stock Option Scheme 2026 (ESOS 2026) with up to 91.72 lakh options pending shareholder approval, and granted stock options/units to employees under existing schemes. In board changes, Mr. Hironao Kunita was appointed as an Additional Non-Executive Director effective April 27, 2026, replacing Mr. Kosuke Kuroishi who resigned on the same date due to a change in the management team of promoter Nippon Life Insurance Company. Mr. Sundeep Sikka assumed office as Managing Director and CEO for a fresh 5-year term effective April 22, 2026. Mr. Saugata Chatterjee was elevated to Deputy CEO effective May 1, 2026. Mr. Rajesh Derhgawen, Chief Human Resources Officer, will retire effective May 31, 2026, to be succeeded by Mr. Mohit Shetty.
The company delivered strong financial growth with 20% profit increase and raised annual dividend by 33% year-over-year, signalling robust performance. The director change represents a routine board-level transition with a new NLI nominee replacing the outgoing one, while leadership continuity is maintained with the CEO reappointment and internal promotion to Deputy CEO.