Canara Robeco Asset Management Company Limited has announced key senior management changes following its Board meeting held on March 11, 2026. The decisions were made based on recommendations from the Nomination and Remuneration Committee and address both leadership transition and regulatory compliance requirements.

Leadership Transition Details

The Board has appointed Ms. Hemangi Shailesh Patil (ACS 19644) as Company Secretary and Compliance Officer, effective April 1, 2026. This appointment follows the resignation of Mr. Ashutosh Pramod Vaidya, who will step down from his role as Company Secretary and Compliance Officer at the close of business hours on March 31, 2026.

New Appointee Profile

Ms. Hemangi Shailesh Patil brings substantial experience to her new role. She is a qualified Company Secretary and Law graduate from National Law School of India University, Bengaluru. Her professional background includes:

• Over 19 years of experience in regulatory compliance and corporate governance
• 6 years of experience with Practicing Company Secretaries and Registrar & Share Transfer Agent
• Previous experience as Company Secretary in various BSE and NSE listed entities
• Leadership roles at Yes Bank Limited and Mahindra & Mahindra Limited, where she managed Corporate Secretarial functions, RBI compliance, and Board governance

Key Managerial Personnel Authorization

Under Regulation 30(5) of the SEBI Listing Regulations, Ms. Patil has been designated as Key Managerial Personnel authorized for determining materiality of events or information and making disclosures to Stock Exchanges, effective April 1, 2026.

Policy Updates and Meeting Details

The Board also approved amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective April 1, 2026. This Fair Disclosure Code is framed under Regulation 8(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

The Board meeting commenced at 4:37 p.m. and concluded at 5:35 p.m. on March 11, 2026. All relevant documentation and updated policies have been uploaded to the company's website at www.canararobeco.com for stakeholder reference.

Canara Robeco Asset Management Company Limited delivered strong financial performance in its Q3 and nine months FY26 earnings call held on January 27, 2026, demonstrating resilience amid market volatility and sustained growth across key operational metrics.

Financial Performance Highlights

The company reported robust revenue growth for the nine-month period ended December 31, 2025, with comprehensive financial metrics showing strong year-on-year improvements.

*Adjusted figures exclude one-time employee benefit expenditure of INR10.15 crores

CFO Ashwin Purohit highlighted that the company accounted for a one-time employee benefit expenditure of INR10.15 crores in 9M FY26, primarily due to new labor laws and IPO-related expenses. The adjusted profit before tax demonstrated a robust 14% year-on-year growth.

Assets Under Management and Operational Metrics

Canara Robeco's AUM performance reflected strong underlying business fundamentals despite challenging market conditions. As of December 31, 2025, the company's closing AUM stood at INR1.2 lakh crores, representing approximately 12% year-on-year growth.

The company maintained a healthy equity-to-debt mix of 90% equity and 10% debt, with individual investors contributing 87% and institutional investors contributing 13% of total assets.

Market Environment and Industry Context

Managing Director and CEO Rajnish Narula noted that Indian markets experienced elevated volatility amid geopolitical developments and global trade uncertainties during Q3. However, the asset and wealth management industry demonstrated strong resilience, supported by sustained regional participation and increasing investor preference for diversified investment products.

The industry AUM stood at INR80.2 lakh crores as of December 31, 2025, while Q3 FY26 quarterly average AUM was approximately INR81 lakh crores, reflecting 18.1% year-on-year growth and 5% quarter-on-quarter growth. The NSE 500 Index rose 5% on a closing basis during Q3, providing moderate mark-to-market benefits to industry AUM.

Distribution Network and B30 Expansion

Canara Robeco strengthened its distribution ecosystem significantly, supported by robust infrastructure expansion and strategic partnerships.

The company's B30 presence strengthened meaningfully, with monthly average AUM from beyond the top 30 cities increasing from INR261 crores in December 2024 to INR289 crores in December 2025, reflecting growing reach across emerging India.

Strategic Outlook and Management Commentary

During the earnings call, management outlined key strategic priorities focusing on sustainable growth and operational efficiency. Narula emphasized maintaining a cost-to-income ratio around 40% while investing in technology and distribution capabilities.

The company expects to launch new fund offerings, with regulatory approvals in progress for NFO launches potentially in Q4 FY26. Management expressed confidence in maintaining targeted growth rates of approximately 20% annually, driven by:

• Consistent investment performance and long-term track record building
• Strategic product launches and portfolio gap filling
• Continued branch expansion and distribution partnerships
• Enhanced SIP strategies and B30 market penetration
• Technology investments for operational efficiency

Regarding yield management, the company reported equity yields in the region of 35-36 basis points, fixed income yields around 28-29 basis points, and overall yields of 33-34 basis points. Management indicated efforts to optimize yield structures while maintaining competitive positioning.

Regulatory Environment and Future Positioning

The company addressed recent regulatory changes, including SEBI's restructured expense ratio framework effective April 1, 2026. Management views these changes as industry-wide impacts focused on bringing more efficiency and lower-cost products to investors, with clearer GST segregation from TER providing better transparency.

Canara Robeco maintains its equity-focused positioning as a boutique asset manager rather than a supermarket approach, leveraging the strong Canara Bank brand particularly in southern India markets. The company's strategy emphasizes disciplined fund management, retail and B30 market deepening, and technology-led enhancements to improve investor experience while building a future-ready organization anchored in trust and long-term sustainability.