Nuvama Wealth Management Board Approves Financial Results, Director Re-appointments, and Strategic Investments

Nuvama Wealth Management Ltd announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors also approved the re-appointment of Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors for a second term of 3 years, subject to member approval. Additionally, the company plans to raise up to ₹500 Crores via Non-convertible Debentures and acquire an additional 26% stake in its subsidiary Pickright Technologies Private Limited, making it wholly owned. An investment of up to ₹100 crores in Nuvama Asset Management Limited, a wholly owned subsidiary, was also approved. The Board meeting commenced at 3:00 p.m. and concluded at 6:30 p.m.