Please find enclosed the unaudited financial results for the quarter ended June 30, 2026

1nd1a ¢ Nippon Life Asset Management Ltd July 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001. Bandra (East), Mumbai 400 051. BSE Scrip Code: 540767 NSE Scrip Symbol: NAM-INDIA Dear Sir(s), Sub.: Outcome of Board Meeting Further to our intimation dated June 25, 2026, we wish to inform you that the Board of Directors of Nippon Life India Asset Management Limited (“the Company”) at its meeting held today i.e. July 22, 2026, has, inter-alia, approved the Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2026, along with Limited Review Report(s) submitted by the Statutory Auditors of the Company. A copy of the same along with a media release are attached for your information. The meeting of the Board of Directors of the Company commenced at 4:20 p.m. and concluded at 5:30 p.m. You are requested to take note of the above and arrange to bring to notice of all concerned. Thanking you, Yours faithfully, For Nippon Life India Asset Management Limited Valde Varghese Company Secretary & Compliance Officer Encl: a/a KIN(;ENTRIC> Nippon Life India Asset Management Limited Best Employer 30th 1-lr.<lt, Oon I cdho t'loc:o. . S<,:nnpnl i Fklpnt M:;lrtJ, I ('!Nm l'ord. Mumbo! - -400Cl3. t,10lt01'00htrC1 f Cit{: l659l0),1119~5FtC22079S ~el: 022 680$700D{ fi'J)t! 022 68(18-7097 201&1201812019 f 2021120221.2023 1-mdl : iov<,t~to1mloli<.>n(l~r1f!p:;,ni11:jinim.-c<,:fn l •N1:b::ilr.: http:::/ f mfnipp:>nimfinirtu;om S.R. BATLIBOI & Co. LLP 12th Floor, The Ruby 29 Senapati Baoat Marg Dadar (West) . Chartered Accountants Mumbai -.100 028, India Tel : +91226819 8000 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Nippon Life India Asset Management Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Nippon Life India Asset Management Limited (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to note 6 of the Statement, which describes uncertainty related to outcome in respect of show cause notice received from the Securities Exchange Board of India (SEBI) alleging non compliances with certain provisions of SEBI, pending final outcome of which, no provisions have been made in these unaudited standalone financial results. Our conclusion on the Statement is not modified in respect of this matter_ For S.R. BATLIBOI & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 l.,'v per Pikashoo Mutha Partner Membership No.: 131658 UDIN: 2G I 316S 8 we DX:S ~S.2.[jl4 Mumbai July 22, 2026 S.R. Batliboi & Co. LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016 Nippon Life India Asset Management Limited Statement of Unaudited Standalone Financial Results for the Quarter Ended June 30, 2026 i in crores Quarter ended Year ended Sr. No. Particulars 30-Jun-26 31-Mar-26 30-Jun-25 31-Mar-26 (Reviewed) (Audited) (Reviewed} (Audited) 1 Income Revenue from operations 720.72 693.34 563.54 2,527.55 Other income 154.82 (27 .38) 135.98 214.56 Total Income 875.54 665.96 699.52 2,742.11 2 Expenses Finance cost 1.41 1.46 1.75 6.62 Fee and Commission expenses 1.94 2.14 1.81 7.28 Employee benefits expenses 119.58 111.26 105.26 438.65 Depreciation and amortization expenses 11.00 11.21 7.94 37.59 Other expenses 97.31 82.59 72.44 317.68 Total expenses 231.24 208.66 189.20 807.82 3 Profit before tax (1-2) 644.30 457.30 510.32 1,934.29 4 Tax expense: (i) Current tax 133.09 80.64 116.61 424.83 (ii) Deferred tax 24.79 (5.98) 8.42 11.71 Total tax expense 157.88 74.66 125.03 436.54 5 Profit after tax (3-4) 486.42 382.64 385.29 1,497.75 6 Other comprehensive income (i) Items that will not be reclassified to profit or loss (1.2 7) 0.33 (5.24) (3.93) (ii) Income tax related to items that will not be reclassified to profit or loss 0.32 (0.08) 1.32 0.99 Total other comprehensive income, net of tax (0.95) 0.25 (3.92) (2.94) 7 Total comprehensive income (5+6} 485.47 382.89 381.37 1,494.81 Earnings per equity share face value of~ 10 each fully paid (not annualised for the quarters) (1) Basic (i) 7.62 6.00 6.07 23.54 (2) Diluted (i) 7.48 5.89 5.96 23.13 Paid-up Equity share Capital (Face value of i 10) 639.30 638.12 635.35 638.12 Other Eauitv 3,785.07 See accompanying notes to the Standalone Financial Results Notes: 1. The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 -Interim Financial Reporting, notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. 2. The details of utilisation of IPO proceeds'( 588.85 crore (net of IPO related expenses) are as follows: ('( in crore' IPO Proceeds Utilised upto Un utilised as of Particulars (net of IPO June 30, 2026 June 30, 2026 related expenses) Setting up new branches and relocating certain existing branches 38.31 14.85 23.46 Upgrading the IT system 40.6 [Showing first 8,000 characters — download PDF for full document]