Nippon Life India Asset Management Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the National Stock Exchange of India Limited and BSE Limited. The filing, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's environmental, social, and governance (ESG) performance. The report includes an Independent Practitioner’s Reasonable Assurance Report provided by M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, confirming the BRSR Core attributes.

The company reported a 6.9% reduction in its overall operational emission footprint on a year-on-year basis. This decrease was driven by the implementation of emission reduction measures and the adoption of renewable energy across its operations. Nippon Life India Asset Management Limited has committed to specific climate goals, including a 45% reduction in overall Net CO2 emissions by 2030, a 70% reduction by 2050, and achieving Net Zero by 2070.

Environmental Performance

Nippon Life India Asset Management Limited disclosed that renewable energy accounted for 14.50% of its total energy consumption during FY26. The company has undertaken several initiatives to enhance resource efficiency, such as the installation of LED lighting, deployment of 3-star rated inverter air conditioners, and the transition of its largest office location to 100% renewable electricity through green tariffs. These measures contributed to a 16% reduction in operational energy intensity and a 30% reduction in Scope 2 GHG emissions intensity, despite a 29% increase in operational area.

Social and Governance Metrics

The company’s workforce comprised 1,563 employees as of the end of the financial year, with women representing 22.42% of the total permanent staff. The Board of Directors included nine members, with one female director. Nippon Life India Asset Management Limited reported zero instances of fines, penalties, or punishment by regulators during the year. It also confirmed that no complaints were received regarding conflict of interest involving directors or Key Managerial Personnel.

Financial and Operational Details

The BRSR provides insights into the company's financial scale and operational reach. The paid-up capital stood at ₹638.11 crore for 63,81,15,996 shares of ₹10 each. The company serves 27 states and union territories nationally and one international location through 202 national offices and one international office.

The report also confirms that the company is compliant with applicable environmental laws and regulations, including the Water (Prevention and Control of Pollution) Act and the Air (Prevention and Control of Pollution) Act. Nippon Life India Asset Management Limited has established an ESG and CSR Committee to provide guidance and oversight on sustainability-related issues.

Nippon Life India Asset Management Limited has scheduled its 31st Annual General Meeting (AGM) for Wednesday, July 8, 2026, at 12:30 p.m. IST, to be conducted solely through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company has fixed Friday, June 26, 2026, as the record date to determine member eligibility for the final dividend for FY 2025-26. The Board has recommended a final dividend of ₹12.50 per equity share of ₹10 each, in addition to the interim dividend of ₹9.00 per equity share declared in November 2025, bringing the total dividend for FY26 to approximately ₹1,371 Crore. The final dividend, once approved by shareholders at the AGM, will be paid on and from July 10, 2026, subject to tax deduction at source.

AGM and Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. Members can cast their votes online from 9:00 a.m. IST on Saturday, July 4, 2026, until 5:00 p.m. IST on Tuesday, July 7, 2026. Only members whose names are recorded in the Register of Members or the Register of Beneficial Owners as on the cut-off date of Wednesday, July 1, 2026, are entitled to vote. The facility for appointing proxies will not be available for the AGM, and members attending through VC or OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

AGM Business and ESOP Proposals

At the AGM, shareholders will consider the adoption of audited standalone and consolidated financial statements for FY 2025-26, confirmation of the interim dividend, and declaration of the final dividend. The meeting will also consider the appointment of Mr. Hironao Kunita (DIN: 11679042) as a Non-Executive Director (Nominee of Nippon Life Insurance Company), who was appointed as an Additional Director with effect from April 27, 2026. Additionally, shareholders will vote on the introduction of the new 'Nippon Life India Asset Management Limited – Employee Stock Option Scheme 2026' (ESOS 2026), which will incorporate unallocated options transferred from the existing ESOP 2017 and ESOP 2019 plans. The total options under ESOS 2026 shall not exceed 91,72,408, with each option convertible into one equity share of face value ₹10. The Board has clarified that there will be no incremental equity dilution, as the required shares will be sourced from the currently available unallocated pool of ESOP 2017 and ESOP 2019.

FY26 Financial Performance

Nippon Life India Asset Management Limited delivered its strongest financial performance in FY26. Consolidated revenue from operations stood at ₹2,709 Crore, compared to ₹2,231 Crore in the previous year. The company achieved its highest-ever Operating Profit at ₹1,748 Crore (up 24% YoY) and Profit After Tax (PAT) at ₹1,529 Crore (up 19% YoY). The dividend payout ratio stood at ~91.5% of standalone profit, exceeding the company's stated policy of distributing 60%–90% of profits. Return on Equity improved to 34.50% in FY26 from 31.40% in FY25.

AUM and Business Highlights

Nippon India Mutual Fund's (NIMF) total Assets Under Management (AUM) reached ₹7,73,481 Crore as of March 31, 2026. Mutual Fund Quarterly Average AUM (QAAUM) grew 30% YoY to ₹7,24,965 Crore, with the company retaining its position as the fourth-largest AMC in India and achieving the fastest QAAUM growth among the top-10 AMCs. Overall market share increased by 63 basis points to 8.89%. The company's unique investor base grew 15% YoY to 2.38 Crore, while total folios reached 3.94 Crore.

The company's ETF segment maintained dominance with a market share of ~21.40% (up 234 bps YoY) and a 52% volume market share in the ETF segment. Passive AUM crossed ₹2.50 Lakh Crore during the year. The AIF business recorded fresh inflows of ~₹1,900 Crore, a ~50% growth YoY, with total commitments since inception reaching ~₹9,330 Crore. PMS and Managed Accounts AUM stood at ₹88,459 Crore as of March 2026. Offshore AUM managed through NAM Singapore totalled USD 1.70 billion (₹15,520 Crore). Digital transactions accounted for 77% of all new transactions in FY26, with the company recording 1.7 Crore lumpsum and new SIP transactions during the year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE298J01013/96d294ed-2443-4fa0-8014-451a4f5bde6e.pdf