Re-appointment of Mr. Ashvin Parekh (DIN: 06559989) as an Independent Director of the Company for a second term of five (5) consecutive years with effect from August 1, 2025,
NAM-INDIA · price
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Nippon Life India Asset Management reported FY25 standalone profit after tax of ₹1,252.23 cr, up nearly 20% from ₹1,047.23 cr in FY24, on total income of ₹2,348.28 cr. Q4 FY25 PAT dipped to ₹295.78 cr from ₹324.96 cr a year ago. The Board recommended a final dividend of ₹10 per share, taking total FY25 dividend to ₹18 per share (including ₹8 interim), with record date July 4, 2025 and AGM on July 18, 2025. The Board granted 4,16,972 stock units at ₹10 and 17,23,149 ESOP options at ₹577.79 to employees. On the board front, Independent Director Ashvin Parekh was re-appointed for a second 5-year term from August 1, 2025, Kosuke Kuroishi joined as a nominee of promoter Nippon Life Insurance, while Tomohiro Yao stepped down from the same nominee role due to a change in NLI's management team. Siroya and BA Associates were appointed as secretarial auditors for five years. The auditor (S.R. Batliboi & Co.) issued an unmodified opinion but flagged a pending SEBI show cause notice on certain mutual fund scheme investments, for which no provision has been made.
Strong full-year earnings growth and a healthy ₹18 total dividend are positives for shareholders, though the SEBI show cause notice remains a regulatory overhang to watch. The promoter nominee change is routine and unlikely to affect operations.