Nippon Life India AMC has issued a postal ballot notice to shareholders seeking approval for critical corporate governance matters through electronic voting.

Key Resolutions for Shareholder Approval

The company has proposed two significant resolutions requiring member consent:

Management Leadership Transition

The board has recommended Mr. Sundeep Sikka's elevation from Executive Director & CEO to Managing Director & Chief Executive Officer for a five-year term from April 22, 2026, to April 21, 2031. Mr. Sikka's current tenure as ED & CEO expires on April 21, 2026.

Leadership Track Record

Under Mr. Sikka's leadership since 2009, the company has achieved significant milestones:

• AUM Growth: Assets under management increased 3x from ₹2.77 lakh crores in September 2020 to ₹7.61 lakh crores in September 2025
• Profitability: Profit after tax rose 3x from ₹415.00 crores in FY20 to ₹1,286.00 crores in FY25
• Market Position: Became the largest foreign AMC and 4th largest mutual fund house in India
• Investor Base: Highest investor base of 3.49 crore investor accounts as of September 30, 2025
• Market Capitalization: Reached ₹55,283.00 crores as of September 30, 2025, rising from ₹16,052.00 crores five years earlier

Proposed Remuneration Structure

The remuneration package for FY2025-26 includes:

For FY2024-25, Mr. Sikka received total remuneration of ₹28,68,66,951, comprising salary of ₹5,49,50,000, performance incentive of ₹4,67,50,000, and perquisites valued at ₹18,51,66,951.

Employee Stock Option Plan Amendments

The company seeks approval for modifications to the Reliance Nippon Life Asset Management Limited - Employee Stock Option Plan 2019, including:

Key Proposed Changes

• Exercise Period Extension: From 7 years to 9 years from grant date
• Plan Nomenclature: Change to "Nippon Life India Asset Management Limited - Employee Stock Option Plan 2019"
• Regulatory Alignment: Compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• Enhanced Flexibility: Improved provisions for retirement, death, and permanent incapacity scenarios

Impact on Existing Options

Currently, 1,33,61,531 options are vested but not yet exercised and may lapse due to expiry of exercise period in August 2026. The proposed extension aims to provide enhanced flexibility to existing option grantees, many of whom were affected by COVID-19 disruptions during the vesting period.

Voting Process and Timeline

The postal ballot process follows electronic-only format as per Ministry of Corporate Affairs guidelines:

The company has appointed KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate the e-voting process. Members whose email addresses are registered with the company or depositories will receive voting credentials electronically.

Corporate Governance Framework

The resolutions reflect the company's commitment to strengthening its leadership structure and employee retention mechanisms. The board's recommendation is based on assessments by the Nomination and Remuneration Committee, considering regulatory requirements and stakeholder interests.

Both resolutions, if approved, will be deemed passed on January 9, 2026, the last date of e-voting. The company has made relevant documents available for electronic inspection through registered email requests to ensure transparency in the decision-making process.

Nippon Life India Asset Management (NAM India) has announced a strategic collaboration with DWS Group GmbH & Co. KGaA (DWS), a leading European asset manager. This partnership marks a significant move in the Indian alternative investment fund (AIF) sector and passive investment products landscape.

Key Highlights of the Partnership

• Stake Acquisition: DWS intends to acquire a minority stake of up to 40% in Nippon Life India AIF Management Limited (NAIF), a wholly-owned subsidiary of NAM India.
• Investment Method: The stake acquisition will be through subscription to fresh issuance of equity shares of NAIF.
• Collaboration Areas: Beyond the AIF sector, the partnership aims to explore opportunities in passive investment products and global distribution.

Strategic Implications

This collaboration between NAM India and DWS is poised to create a formidable presence in the Indian AIF market. The partnership leverages the strengths of both entities:

• NAM India's established presence in the Indian market
• DWS's global expertise as a leading European asset manager

Regulatory and Approval Process

It's important to note that this arrangement is currently at a preliminary stage:

• The parties have entered into a non-binding Memorandum of Understanding (MoU).
• The deal is subject to due diligence, execution of definitive agreements, and various regulatory approvals.

Outlook

While the specific financial details of the deal are yet to be disclosed, this strategic move by NAM India and DWS reflects the growing attractiveness of the Indian alternative investment market. It also signals a trend of international asset managers seeking to expand their footprint in India's rapidly evolving financial sector.

As the collaboration progresses, market participants will be keen to observe how this partnership may influence the AIF landscape and potentially reshape the passive investment product offerings in India.

Note: The information provided is based on the company's disclosure and is subject to further regulatory approvals and finalization of agreements.