Nippon Life India Asset Management Limited has informed the Exchange regarding Appointment of Mr Hironao Kunita as Additional Non- Executive Director of the company w.e.f. April 27, 2026.
NAM-INDIA · price
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Nippon Life India Asset Management Limited reported strong Q4 and FY2026 financial results. Standalone profit after tax grew to Rs 382.64 crore in Q4 and Rs 1,497.75 crore for full year FY2026, up from Rs 1,252.23 crore in FY2025. EPS for FY2026 stood at Rs 23.54. The Board recommended a final dividend of Rs 12.50 per equity share, taking total dividend for FY2025-26 to Rs 21.50 per share (including Rs 9 interim dividend). Key board changes include appointment of Mr Hironao Kunita (General Manager at Nippon Life Insurance) as Additional Non-Executive Director, replacing Mr Kosuke Kuroishi who resigned due to change in NLI management team. Sundeep Sikka assumed MD & CEO role from April 22, 2026 for a fresh 5-year term. Additionally, Saugata Chatterjee was appointed Deputy CEO and Mohit Shetty will succeed Rajesh Derhgawen as CHRO in June 2026. The company also approved a new ESOS 2026 scheme with 91.72 lakh options pending shareholder approval.
Positive signals from strong financial performance with 19.6% PAT growth and increased dividend payout. Director change is routine promoter nominee replacement following NLI management restructuring, unlikely to impact governance or stock sentiment.