Nippon Life India Asset Management Limited has informed the Exchange about superannuation of Mr. Rajesh Derhgawen, the Chief Human Resources Officer ( CHRO ) & SMP of the Company w.e.f. May 31, 2026.
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Nippon Life India Asset Management reported strong FY26 financial results with revenue from operations of Rs. 2,527.55 crore (up 22% YoY) and profit after tax of Rs. 1,497.75 crore (up 19.6% YoY). The board recommended a final dividend of Rs. 12.50 per share, taking total FY26 dividend to Rs. 21.50 per share. Key management changes include Sundeep Sikka assuming MD & CEO role for a fresh 5-year term, Saugata Chatterjee appointed as Deputy CEO from May 1, 2026, and Mohit Shetty (currently Deputy CHRO) will succeed Rajesh Derhgawen as CHRO from June 1, 2026. Additionally, promoter nominee Kosuke Kuroishi resigned from the board due to change in NLI's management team, replaced by Hironao Kunita. The board also approved a new ESOS 2026 scheme with up to 91.72 lakh options pending shareholder approval.
Positive signals from strong profit growth and dividend payout. The management transition is orderly with internal succession plans, and the CHRO change is a routine superannuation rather than a concern.