Nippon Life India Asset Management : Record Date

April 26, 2022
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 March 31, 2022 we wish to inform you that the board of directors of Nippon Life India Asset Management Limited ("Company") at its meeting held today has, inter-alia transacted the following items of business:

FINANCIAL RESULTS:

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a Statement of Audited (Consolidated and Standalone) Financial Results for the quarter and financial year ended March 31, 2022 along with Audit Reports submitted by the Statutory Auditors of the Company.

ANNUAL GENERAL MEETING:

This is to inform that the 27th Annual General Meeting (AGM) of the Company will be held on Tuesday, July 12, 2022.

DIVIDEND AND RECORD DATE:

The Board has also recommended a final dividend of Rs. 7.50/- per Equity Share of Rs. 10/- each for the financial year ended March 31, 2022, for the approval of the shareholders at the ensuing Annual General meeting. With this the total dividend for the financial year 2021-22 would be Rs. 11/-, including the interim dividend of Rs. 3.50 per equity share distributed in November 2021.

The record date to determine those shareholders who will be eligible to receive the payment of final dividend, subject to shareholder's approval, will be Friday, July 01, 2022. The payment date for final dividend will be on and from July 19, 2022. A duly completed Form being intimation of the Record Date is enclosed herewith for your information and record. This is for your information and records. This information will also be hosted on the Company's website, athttps://mf.nipponindiaim.com

The above items of business were approved by the Board of Directors at its meeting held on April 26, 2022. The meeting of the Board of Directors of the Company commenced at 12.30 p.m. and concluded at 4.10 pm.

We enclose herewith the media release of the Company for your information. We request you to inform your members accordingly.

Thanking you.

Yours faithfully,

For Nippon Life India Asset Management Limited

Nilufer Shekhawat

Company Secretary & Compliance Officer

Name of the Company: Nippon Life India Asset Management Limited

Code / Symbol	Type of Security & paid-up value	Book Closure (both days inclusive) From To	Record Date	Purpose
540767* NAM-INDIA**	Equity Shares Rs. 10 paid-up	N.A.	July 01, 2022	For the purpose of determining the entitlement, if any, for payment of dividend for the financial year ended March 31, 2022. Dividend will be paid on and from July 19, 2022

* As per BSE Limited ** As per National Stock Exchange of India Limited

Thanking you.

Yours faithfully,

For Nippon Life India Asset Management Limited

Nilufer Shekhawat

Company Secretary & Compliance Officer

Nippon Life India Asset Management Limited

Standalone Statement of Assets and Liabilities as at March 31, 2022 ₹ in crores

Particulars	As at March 31, 2022	As at March 31, 2021
ASSETS Financial assets Cash and cash equivalents Bank balance other than above Receivables (I) Trade receivables (II) Other receivables Loans Investments Other financial assets Sub-total - Financial assets Non-financial assets Current tax assets (Net) Property, plant and equipment Capital work-in-progress Other intangible assets Other non-financial assets Sub-total - Non Financial assets	(Audited)	(Audited)
4.45 270.87 65.86 - 36.32 2,877.78 22.35	6.76 297.41 36.73 - 35.21 2,513.01 20.33
3,277.63	2,909.45
31.44 9.88 0.05 285.63 39.53	29.71 10.68 1.31 289.07 48.30
366.53	379.07
Total assets	3,644.16	3,288.52
LIABILITIES AND EQUITY LIABILITIES Financial liabilities Payables (I) Trade payables (i) total outstanding dues of micro enterprises and small enterprises (ii) total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Sub-total - Financial Liabilities Non-financial Liabilities Provisions Deferred tax liabilities (Net) Other non-financial liabilities Sub-total - Non Financial Liabilities Share Application money pending Allotment EQUITY Equity share capital Other equity Total equity	- 47.06 112.18	- 59.53 110.32
159.24	169.85
14.03 67.68 34.33	23.06 33.84 35.72
116.04	92.62
0.81 622.02 2,746.05	0.53 616.50 2,409.02
3,368.07	3,025.52
Total liabilities and equity	3,644.16	3,288.52

See accompanying notes to the Financial Results

Nippon Life India Asset Management Limited

Statement of Standalone Financial Results for the quarter and year ended March 31, 2022

₹ in crores

Sr. No.	Particulars	Quarter ended	Year ended
31-Mar-22	31-Dec-21	31-Mar-21	31-Mar-22	31-Mar-21
(Audited)	(Reviewed)	(Audited)	(Audited)	(Audited)
1 2 3 4 5 6 7	Income Revenue from operations Other income Total Income Expenses (a) Finance cost (b) Fee and Commission expenses (c) Employee benefits expense (d) Depreciation and amortization expense (e) Other expenses Total expenses Profit before tax (1-2) Tax expense: (1) Current tax (2) Deferred tax Total tax expense/(credit) Profit after tax (3-4) Other comprehensive income (i) Items that will not be reclassified to profit or loss (ii) Income tax related to items that will not be reclassified to profit or loss Total other comprehensive income, net of tax Total comprehensive income for the period (5+6) Earnings per equity share face value of ₹ 10 each fully paid (not annualised for the quarters) (1) Basic (₹) (2) Diluted (₹) Paid-up Equity share Capital (Face value of ₹ 10) Other Equity	314.04 34.47	315.00 30.73	279.75 55.47	1,213.98 214.44	986.54 339.12
348.51	345.73	335.22	1,428.42	1,325.66
1.11 5.31 68.69 6.88 38.22	0.64 3.30 67.20 6.32 40.26	0.94 5.97 60.33 6.91 53.65	3.79 15.87 267.86 26.73 168.74	4.37 12.12 248.74 32.59 184.92
120.21	117.72	127.80	482.99	482.74
228.30 45.57 12.09	228.01 54.34 4.79	207.42 38.87 11.18	945.43 200.38 33.84	842.92 151.51 42.02
57.66	59.13	50.05	234.22	193.53
170.64	168.88	157.37	711.21	649.39
1.03 (0.26)	0.10 (0.02)	1.06 (0.27)	(0.36) 0.09	0.96 (0.24)
0.77	0.08	0.79	(0.27)	0.72
171.41	168.96	158.16	710.94	650.11
2.75 2.72 622.02	2.72 2.66 621.82	2.51 2.47 616.50	11.47 11.28 622.02 2,746.05	10.53 10.41 616.50 2,409.02

See accompanying notes to the Financial Results

Nippon Life India Asset Management Limited

Standalone Statement of Cash flow for the year ended March 31, 2022 ₹ in crores

Particulars	Year ended March 31, 2022	Year ended March 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES : Profit before tax: Adjustments : Depreciation and amortization Finance cost Net (gain) / loss on sale of property, plant and equipments Provision / (Reversal) for ECL on Inter Corporate Deposits Remeasurement of defined benefit obligations Employee share based payments (Profit) / Loss on sale of Investments Fair Value (Gain) / Loss on Investments Dividend income Interest income	(Audited)	(Audited)
945.43 26.73 3.79 (1.74) (0.51) (0.36) 35.69 (79.29) (104.20) (0.70) (27.83)	842.92 32.59 4.37 0.52 (0.19) 0.72 38.70 (88.36) (218.15) (1.07) (30.77)
Operating profit before working capital changes	797.01	581.28
Adjustments for (increase)/ decrease in operating assets: Trade and other receivables Other financial assets Other Non-financial assets Loans and advances to employees Capital work-in-progress Adjustments for increase/ (decrease) in operating liabilities: Trade payables Other financial liabilities Provisions Other non-financial liabilities	(29.13) 2.17 8.77 (0.05) 1.26 (12.47) 5.57 (9.03) (1.39)	14.21 (0.12) 12.35 0.06 0.69 (6.82) 10.25 (15.13) 7.39
Cash generated from operations Income taxes Paid (net of refunds)	762.71 (202.02)	604.16 (170.06)
Net cash inflow from operating activities	560.69	434.10
CASH FLOW FROM INVESTING ACTIVITIES : Interest received Dividend received Sales proceeds from disposal of property, plant and equipments Purchase of investments Sale of investments Proceeds from maturity of Fixed deposits placed with financial institution Inter corporate deposit repayment Inter corporate deposit given Purchase of property, plant and equipments and intangible assets	23.64 0.70 0.01 (1,961.92) 1,780.62 26.54 51.56 (52.11) (6.75)	38.67 1.07 0.05 (2,672.98) 2,338.57 (82.00) 15.70 (1.95) (19.65)
Net cash (outflow) from investing activities	(137.71)	(382.52)
CASH FLOW FROM FINANCING ACTIVITIES : Proceeds from Issuance of Share Capital Principal Element of Lease Payments Interest Element of Lease Payments Share Application money pending Allotment Dividend paid (including dividend distribution tax)	122.23 (17.70) (3.79) 0.28 (526.31)	92.37 (20.73) (4.37) 0.53 (306.32)
Net cash (outflow) from financing activities	(425.29)	(238.52)
NET (DECREASE) / INCREASE IN CASH AND BANK BALANCES Add : Cash and cash equivalents at the beginning of the year	(2.31) 6.76	(186.94) 193.70
Cash and cash equivalents at the end of the year	4.45	6.76

The above Statement of Cash Flows has been prepared under the 'Indirect Method' as set out in Ind AS 7, 'Statement of Cash Flows'.