Nippon Life India AMC Allots 1,73,481 Equity Shares Under ESOP and PSU Schemes, Paid-Up Capital Rises

Nippon Life India AMC allotted 1,73,481 equity shares of face value Rs.10/- each on May 11, 2026, under three employee benefit schemes — the Employee Stock Option Plan 2019 (NAM INDIA ESOP 2019), the Employee Stock Option Scheme 2023 (NAM INDIA ESOP 2023), and the Performance Linked Stock Unit Scheme 2023 (NAM INDIA PSU 2023). The allotments were approved by the Allotment Committee at 1:23 p.m. on May 11, 2026, and disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Allotment Details Across Schemes

The total allotment of 1,73,481 equity shares was distributed across the three schemes. The following tables provide a breakdown of each scheme's allotment.

NAM INDIA ESOP 2019 — 1,33,690 Equity Shares

Sr. No.: No. of Equity Shares Face Value (Rs.) Grant Price per Share (Rs.) Total Amount Received (Rs.) 1. 31,012 10 223.32 69,25,599.84 2. 770 10 247.60 1,90,652.00 3. 1,01,908 10 372.71 3,79,82,130.68

NAM INDIA ESOP 2023 — 26,408 Equity Shares

Sr. No.: No. of Equity Shares Face Value (Rs.) Grant Price per Share (Rs.) Total Amount Received (Rs.) 1. 19,620 10 499.76 98,05,291.20 2. 6,788 10 577.79 39,22,038.52

NAM INDIA PSU 2023 — 13,383 Equity Shares

Sr. No.: No. of Equity Shares Face Value (Rs.) Grant Price per Share (Rs.) Total Amount Received (Rs.) 1. 13,383 10 10 1,33,830.00

Impact on Paid-Up Share Capital

As a result of the allotments, the company's issued, subscribed, and paid-up equity share capital has increased with effect from May 11, 2026. The table below summarises the movement in paid-up capital:

Particulars: No. of Equity Shares (Face Value Rs.10/- each) Amount (Rs.) Paid-Up Capital as on March 23, 2026 63,81,15,996 6,38,11,59,960 Add: Allotment under NAM INDIA ESOP 2019, ESOP 2023 & PSU 2023 on May 11, 2026 1,73,481 17,34,810 Paid-Up Capital Post Allotment 63,82,89,477 6,38,28,94,770

Ranking of Allotted Shares

The 1,73,481 equity shares allotted under the three schemes shall rank pari passu with the existing equity shares of the company in all respects. The intimation was signed by Valde Varghese, Company Secretary & Compliance Officer (Membership No.: A24937), on behalf of Nippon Life India Asset Management Limited.

Nippon Life India AMC has received an Environmental, Social, and Governance (ESG) rating of '62 (Strong)' from ESGRisk.ai, a SEBI-registered ESG Rating Provider. The rating was received by the company on May 7, 2026, and was disclosed to the stock exchanges in accordance with applicable regulatory requirements.

ESG Rating Details

The rating was assigned by ESG Risk Assessments & Insights Limited ("ESGRisk.ai") and covers the company's performance across Environmental, Social, and Governance parameters. Key details of the rating disclosure are summarised below:

Parameter: Details Rating Assigned: 62 (Strong) Rating Provider: ESGRisk.ai (ESG Risk Assessments & Insights Limited) Rating Provider Status: SEBI Registered ESG Rating Provider Date of Receipt: May 7, 2026 Basis of Rating: Publicly available data Company Engagement: Not engaged by the company

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. The company informed the stock exchanges of the rating assignment as part of its ongoing compliance and disclosure obligations.

Independent Assessment

Nippon Life India Asset Management Limited has clarified that it did not engage ESGRisk.ai for the purpose of rating the company on its ESG parameters. The rating report was independently prepared by ESGRisk.ai based solely on data available in the public domain. The published rating is accessible through the ESGRisk.ai platform.

The disclosure was signed by Valde Varghese, Company Secretary & Compliance Officer of Nippon Life India Asset Management Limited, on May 7, 2026.

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