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 announced the results of its postal ballot, with both resolutions passed with requisite majority. Resolution 1 approved the appointment of Mr. Sundeep Sikka (DIN: 02553654) as Managing Director & CEO with 98.08% votes in favor (570.68 million out of 581.83 million valid votes). Resolution 2 approved amendments to the Employee Stock Option Plan 2019 with 98.55% votes in favor (573.40 million out of 581.86 million valid votes). Out of 2,26,987 total shareholders, about 91.34% of outstanding shares participated in e-voting. M/s. M. Siroya and Company served as the Scrutinizer for the postal ballot process, with the e-voting period closing on January 9, 2026.
Strong shareholder approval (over 98% in favor) confirms Mr. Sundeep Sikka's appointment as MD & CEO and enables the company to proceed with amendments to its ESOP 2019 plan. The overwhelming support signals shareholder confidence in management and the company's employee incentive framework.