Nippon Life AMC Sets ₹9.50 Interim Dividend as Profit Dips on SEBI Payout

Investors holding Nippon Life India Asset Management shares have until October 27, 2026, to buy stock and qualify for the ₹9.50 per share interim dividend. The company fixed October 28 as the record date, with payments starting on November 5.

Financial Results

For the September quarter, the firm reported a 6% drop in consolidated net profit to ₹324.4 crore. A one-time exceptional item of ₹96.76 crore related to SEBI settlement proceedings impacted the bottom line. Revenue from operations grew 21% to ₹796 crore from ₹658.1 crore a year ago. Total assets under management increased 14% to ₹8.68 lakh crore by September 2026, with the mutual fund segment growing 20% to ₹7.87 lakh crore.

SEBI Settlement

The SEBI show-cause notice issued on August 30, 2024, alleged non-compliance regarding mutual fund investments in Yes Bank Additional Tier-1 bonds. After SEBI accepted settlement terms, the company remitted ₹7.68 crore for settlement amounts and ₹89.08 crore for management fees earned on the investments, plus interest.

Context

Companies often issue interim dividends to share profits with shareholders midway through the financial year. Under Indian stock market settlement rules, investors must buy shares before the record date to be eligible for such corporate actions.