Nippon Life India AMC has announced the allotment of 95,328 equity shares under its Employee Stock Option Plans on March 13, 2026. The Allotment Committee approved these allotments at 2:48 p.m., distributing shares across three different ESOP schemes established in 2017, 2019, and 2023.

ESOP Allotment Details

The allotment was distributed across three employee stock option plans with varying grant prices and quantities:

ESOP 2017 Allocation

Under the Nippon Life India Asset Management Limited - Employee Stock Option Plan 2017, the company allotted 73,780 equity shares at a grant price of Rs. 202.50 per share, generating total proceeds of Rs. 1,49,40,450.00.

ESOP 2019 Allocation

The ESOP 2019 plan saw the allotment of 14,535 shares across four different grant prices. The allocation included 4,000 shares at Rs. 223.32, 500 shares at Rs. 247.60, 7,535 shares at Rs. 372.71, and 2,500 shares at Rs. 389.28, collectively raising Rs. 47,98,649.85.

ESOP 2023 Allocation

Under the newest scheme, NAM INDIA ESOP 2023, the company allotted 7,013 equity shares at a grant price of Rs. 499.76 per share, generating proceeds of Rs. 35,04,816.88.

Impact on Share Capital

Following the allotment, the company's equity share capital structure has been updated:

The newly allotted 95,328 equity shares carry a face value of Rs. 10 each and will rank pari passu with the existing equity shares of the company in all respects. This allotment represents the company's continued commitment to employee participation through equity ownership across its various ESOP schemes.

Nippon Life India AMC has successfully completed the re-appointment of Mr. Balasubramanyam Sriram as an Independent Director through a postal ballot process that concluded on March 7, 2026. The special resolution received overwhelming support from shareholders with 99.50% votes in favour, demonstrating strong confidence in the company's governance structure.

Regulatory Filing and Compliance

The company submitted the postal ballot results to BSE Limited and National Stock Exchange of India Limited under Regulations 30 and 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was signed by Company Secretary & Compliance Officer Valde Varghese and includes the complete scrutinizer's report.

Voting Results and Shareholder Participation

The postal ballot witnessed significant shareholder participation with comprehensive voting across different categories. The voting process was conducted entirely through remote e-voting, in compliance with MCA Circulars and SEBI guidelines.

Resolution Details and Governance

The special resolution focused on the re-appointment of Mr. Balasubramanyam Sriram (DIN: 02993708) as an Independent Director of the company. The resolution was passed with requisite majority, reflecting strong shareholder confidence in the proposed appointment.

E-Voting Process and Scrutinizer Report

The postal ballot process was conducted in strict compliance with regulatory requirements under Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. M/s. M. Siroya and Company, Practicing Company Secretaries, served as the scrutinizer for the voting process.

The scrutinizer's report confirmed that 1071 members participated in e-voting, with 1057 casting valid votes and 14 members abstaining. The detailed analysis showed 994 members voted in favour and 63 members voted against the resolution, resulting in the 99.50% approval rate.

The successful completion of this postal ballot reinforces the company's commitment to good corporate governance practices and regulatory compliance. The overwhelming shareholder support for the re-appointment reflects confidence in the company's board composition and strategic direction.