Interim dividend of Rs. 9.50 per equity share declared; record date October 28, 2026
Interim dividend of Rs. 9.50/- per equity share of face value Rs. 10/- declared.
By ScoutQuest · · 3 min read
- Interim dividend per share
- Rs. 9.50/- per equity share of face value Rs. 10/-
- Record date
- October 28, 2026
- Dividend payment date
- on and from November 5, 2026
What the Board declared
- An interim dividend of Rs. 9.50/- per equity share of face value Rs. 10/- each.
- Record date to decide who is entitled to the dividend: October 28, 2026.
- Payment date: on and from November 5, 2026.
The record date is the cut-off — shareholders on the register on that date receive the dividend. The payment then goes out from November 5, 2026.
The quarter in numbers (standalone)
- Revenue from operations: Rs. 746.80 crore for the quarter ended September 30, 2026, against Rs. 611.70 crore in the quarter ended September 30, 2025.
- Total income: Rs. 763.63 crore, against Rs. 648.83 crore.
- Profit before exceptional items and tax: Rs. 537.77 crore.
- Exceptional item: Rs. 96.76 crore.
- Profit after tax: Rs. 316.70 crore, against Rs. 338.42 crore a year earlier.
- Half year profit after tax: Rs. 803.12 crore, against Rs. 723.71 crore.
- Basic earnings per share: Rs. 4.95 for the quarter and Rs. 12.55 for the half year; diluted Rs. 4.86 and Rs. 12.32.
The exceptional item and the SEBI settlement
The Board also noted the status of settlement proceedings relating to a SEBI show cause notice received during FY 2024-25 in respect of certain past investments made by certain NIMF schemes in the Yes Bank AT-1 Bonds.
- The Board noted that, in line with its previously granted approval, an amount of Rs. 96.76 Crores has been paid by the Company during the quarter.
- This comprises Rs. 89.08 crores (including interest) on account of reversal of management fee earned, and Rs. 7.68 crores towards settlement amount in respect of the Company and its certain officials.
- SEBI has communicated its in-principle acceptance of the settlement terms; the Settlement Order is awaited from SEBI. The Company states that based on the current assessment, no further provision is considered necessary.
This amount sits as an exceptional item in the standalone results for the quarter and half year, and is the main reason profit after tax for the quarter is lower than the same quarter a year earlier, even though revenue from operations was higher.
Consolidated picture
- Total income: Rs. 818.89 crore for the quarter ended September 30, 2026.
- Profit after tax: Rs. 324.37 crore for the quarter; Rs. 828.07 crore for the half year.
- Basic earnings per share: Rs. 5.07 for the quarter and Rs. 12.93 for the half year.
The consolidated numbers include the wholly owned subsidiaries Nippon Life India AIF Management Limited and Nippon Life India Asset Management (Singapore) Pte. Limited, and the associate Reliance Capital Pension Fund Limited.
Use of IPO proceeds
- Total IPO proceeds (net of IPO related expenses): Rs. 588.85 crore.
- Utilised up to September 30, 2026: Rs. 401.36 crore.
- Unutilised as of September 30, 2026: Rs. 187.49 crore.
- The largest unutilised portion is Rs. 165.00 crore for funding inorganic growth and strategic initiatives.
Other points the Board noted
- The Board took note of the Hon'ble Supreme Court order dated October 15, 2026 dismissing appeals shared against the Bombay High Court judgement dated January 20, 2023, which had set aside the write-off of Additional Tier-1 bonds of Yes Bank Limited undertaken in March 2020. The Company states this will not have any impact on its financial results.
- During the quarter, the Company allotted 7,46,085 equity shares of Rs. 10 each on exercise of stock options by certain employees.
The auditors issued limited review reports on both the standalone and consolidated unaudited results, with the conclusion not modified in respect of the settlement proceedings.
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More numbers
- Interim dividend per equity shareRs. 9.50/-
- Face value per equity shareRs. 10/-
- Aggregate amount paid towards SEBI settlementRs. 96.76 Crores
- Reversal of management fee earned (including interest)Rs. 89.08 crores
- Settlement amount for Company and certain officialsRs. 7.68 crores
- Total income, standalone quarter ended Sep 30, 2026763.63
- Profit after tax, standalone quarter ended Sep 30, 2026316.70
- Profit after tax, standalone half year ended Sep 30, 2026803.12
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