Please find enclosed the intimation for cessation of General Ved Prakash Malik (Retd.) as an Independent Director of the Company w.e.f. close of business hours on April 21, 2026
NAM-INDIA · price
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General Ved Prakash Malik (Retd.) has completed his second term as Independent Director of Nippon Life India Asset Management Limited and has ceased to hold office effective close of business hours on April 21, 2026. This is a routine term completion as per SEBI regulations governing independent director tenures (maximum two terms of 5 years each). The company has expressed appreciation for his contributions during his tenure. Only one independent director is affected by this change, and no replacement has been announced in this filing.
This is a standard board transition event with no immediate financial or operational impact. Shareholders may note a reduction in board independence composition until a new independent director is appointed. The stock is unlikely to react meaningfully to routine term completions.