Nuvama Wealth Promoter PAGAC Ecstasy Encumbers 52.57% Shares

PAGAC Ecstasy Pte. Ltd., a promoter of Nuvama Wealth Management Limited, has disclosed the creation of encumbrances on its entire holding of 52.57% (9,69,60,340 shares) as of September 9, 2026. These encumbrances are related to overseas facilities availed by PAGAC Ecstasy for personal use. The disclosure, filed on September 11, 2026, under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirms no new shares have been pledged beyond the previously disclosed amounts, but the underlying amounts secured by these encumbrances have increased.