Nippon Life Insurance Company has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Nippon Life Insurance Company, the promoter of Nippon Life India Asset Management Limited, has filed a yearly declaration with BSE and NSE confirming that it has not created any encumbrance (pledge, lien, or charge) on the shares of the company, either directly or indirectly, during the financial year ended March 31, 2025. This disclosure is mandated under Regulation 31(4) of SEBI's Takeover Regulations, 2011, which requires promoters to confirm annually whether they have pledged or otherwise encumbered their shareholdings. The letter was signed by Kei Miura, Deputy General Manager at Nippon Life Insurance Company.
This is a routine compliance filing and is neutral for shareholders. It reassures investors that the promoter has not pledged or encumbered its holding in the company during FY25, indicating no financial distress or leveraging of promoter shares.