NLNippon Life India Asset Management540767Dividend news update

Interim dividend of Rs. 9.50 per share; record date October 28, 2026

The Board has declared an interim dividend of Rs. 9.50/- per equity share of face value Rs. 10/- each.

By ScoutQuest · Thu 22 Oct 2026, 2:15 PM IST · 2 min read

Interim dividend per share

Rs. 9.50/- per equity share of face value Rs. 10/- each

Record date

October 28, 2026

Dividend payment date

on and from November 5, 2026

What the Board approved

• An interim dividend of Rs. 9.50/- per equity share of face value Rs. 10/- each.
• Record date fixed as October 28, 2026, for deciding entitlement to the interim dividend.
• Payment date for the dividend: on and from November 5, 2026.
• The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Quarter and half year numbers (standalone, Rs. crore)

• Revenue from operations: 746.80 for the September 2026 quarter, against 611.70 a year earlier.
• Total income: 763.63 against 648.83.
• Profit before exceptional items and tax: 537.77 against 448.22.
• Exceptional item: 96.76 in the quarter, against nil a year earlier.
• Profit after tax: 316.70 against 338.42.
• Half year profit after tax: 803.12 against 723.71.
• Basic and diluted earnings per share for the quarter: 4.95 and 4.86 (face value Rs. 10 each, not annualised).

On a consolidated basis

• Profit after tax for the quarter: 324.37; for the half year: 828.07.
• Total comprehensive income for the quarter: 322.27; half year: 824.96.

The exceptional item explained

• The Board took note of the status of settlement proceedings linked to a SEBI show cause notice received during FY 2024-25, in respect of certain past investments made by some NIMF schemes in Yes Bank AT-1 Bonds.
• In line with SEBI's previously granted approval, an amount of Rs. 96.76 Crores — comprising Rs. 89.08 crores (including interest) on account of reversal of management fee earned and Rs. 7.68 crores towards the settlement amount in respect of the Company and certain officials — has been paid by the Company during the quarter.
• The Settlement Order in this regard is awaited from SEBI.

Other points from the notes

• IPO proceeds of Rs. 588.85 crore (net of IPO related expenses): Rs. 401.36 crore utilised up to September 30, 2026 and Rs. 187.49 crore unutilised.
• 7,46,085 equity shares of Rs. 10 each were allotted during the quarter on exercise of stock options by employees.
• The auditors' review reports state that nothing has come to their attention suggesting the statements are not in accordance with the applicable standards, and draw attention to the settlement proceedings note without modifying their conclusion.

What this means for a retail shareholder

• The record date, October 28, 2026, is the cut-off used to identify shareholders entitled to the interim dividend; the payment is to be made on and from November 5, 2026.
• The dividend is declared on a face value of Rs. 10 per share, so Rs. 9.50 is the amount per share held.
• The reported quarterly profit is after charging the one-time settlement-related amount, while revenue from operations and profit before that item are higher than the same quarter a year earlier.

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