Nuvama Board approves Q1 FY27 results, ₹500 Cr NCDs, Pickright acquisition

Nuvama Wealth Management Ltd's Board of Directors approved its unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The Board also approved the re-appointment of Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors for a second term of 3 years, effective July 22, 2027, subject to shareholder approval. Additionally, the company approved an enabling annual resolution to raise up to ₹500 Crores through Non-convertible Debentures (NCDs) via private placement, also subject to member approval. A significant strategic move includes the acquisition of an additional 26% equity stake in Pickright Technologies Private Limited, making it a wholly-owned subsidiary. Furthermore, the Board sanctioned an investment of up to ₹100 Crores in Nuvama Asset Management Limited (NAML), a wholly-owned subsidiary, through equity share subscription.