Nippon Life India Asset Management Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
NAM-INDIA · price
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Nippon Life India Asset Management Limited has announced the results of its Postal Ballot concluded on March 7, 2026. The single resolution was the re-appointment of Mr. Balasubramanyam Sriram (DIN: 02993708) as an Independent Director, passed as a Special Resolution. Out of 592,189,358 valid votes polled (about 93% of outstanding shares), 99.50% voted in favour and only 0.50% voted against. Promoter and Promoter Group voted 100% in favour, while Public Institutions voted 97.77% in favour and Public Non-Institutions 99.51% in favour. The scrutinizer, M/s. M. Siroya and Company, confirmed the resolution was passed with the requisite majority.
This is a routine corporate governance filing confirming the continuation of an existing Independent Director with overwhelming shareholder support. Minimal impact on the stock price is expected, as the result was broadly anticipated and approval levels were very high.