Nippon Life India Asset Management Limited — Important, 12-03-2025: General Updates

The Board of Directors has approved the appointment of Mrs. Sonu Bhasin as an Additional Director, designated as Independent Director, for a term of five consecutive years starting March 23, 2025, pending shareholder approval. Mrs. Bhasin brings over 30 years of experience across various sectors and has held prominent roles in major financial institutions. She is also the founder of a platform aimed at assisting family businesses and has authored multiple books.

Additionally, Mrs. Ameeta Chatterjee will complete her second term as an Independent Director as of March 23, 2025, stepping down from the Board. The company acknowledges her significant contributions during her tenure. This leadership transition reflects the company’s commitment to enhancing its governance structure and strategic direction, with Mrs. Bhasin's expertise likely to bring fresh perspectives and potential growth opportunities moving forward.