Nuvama Wealth Management Ltd

Nuvama Wealth Management Ltd has informed the stock exchanges about an order from NSE Clearing Limited regarding its wholly-owned subsidiary, Nuvama Clearing Services Limited (NCSL). NCSL's appeal for a waiver of a penalty amounting to ₹10,84,438.40, imposed due to non-submission of client collateral segregation data, has been rejected by the Appeal Panel. The company has stated that this development has no impact on the financials, operations, or other activities of Nuvama Wealth Management Ltd or its subsidiaries and associates.

Nuvama Wealth Management Ltd has received final approval from SEBI to launch its mutual fund operations. Nuvama Asset Management Limited will act as the Asset Management Company, and Nuvama Mutual Fund Trusteeship Services Limited will be the Trustee. The company plans to initially launch investment products under the Specialized Investment Fund (SIF) framework, followed by broader mutual fund offerings. This move expands Nuvama's integrated wealth and asset management platform, leveraging its existing ₹4.5 trillion in client assets and extensive client base.

Nuvama Wealth Management Ltd has appointed M/s. Protiviti India Member Private Limited as its Internal Auditors for the financial year 2026-27, based on the recommendation of the Audit Committee. The appointment was approved at a Board of Directors meeting held on the same day, which commenced at 12:30 p.m. and concluded at 3:10 p.m. Protiviti is described as a leading global business and risk consulting firm with experience across various financial sectors.

Nuvama Wealth Management Ltd has declared an interim dividend of ₹14 per equity share of ₹2 each for the financial year 2026-27. The record date for determining shareholder eligibility is May 15, 2026. The company will deduct tax at source (TDS) from the dividend payments as per the Income-tax Act, 2025, with rates varying based on the shareholder's residential status and submitted documents. Resident shareholders may be exempt from TDS if the total dividend does not exceed ₹10,000 for the tax year 2026-27.

Nuvama Wealth Management Ltd's board approved the consolidated and standalone audited financial results for the quarter and financial year ended March 31, 2026. An interim dividend of ₹14 per equity share (face value of ₹2) for the financial year 2026-27 was declared, with a record date of May 15, 2026, and payment on or before June 9, 2026, subject to applicable taxes. The results are available on the stock exchange and company websites.

Nuvama Wealth Management Ltd has announced a dividend of ₹14 per equity share with a face value of ₹2 for the financial year 2026-27. The record date for the dividend is set for May 15, 2026, and the payment will be made on or before June 9, 2026, subject to applicable taxes. The announcement was made following a Board of Directors meeting where the consolidated and standalone audited financial results for the quarter and financial year ended March 31, 2026, were approved.

Nuvama Wealth Management Ltd has announced its consolidated and standalone audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved an interim dividend of ₹14 per equity share with a face value of ₹2 for the financial year 2026-27. The record date for the dividend is set for Friday, May 15, 2026, and the payment will be made on or before June 9, 2026, subject to applicable taxes. The results are available on the stock exchange and company websites.

Nuvama Wealth Management Ltd's board approved the consolidated and standalone audited financial results for the quarter and financial year ended March 31, 2026. An interim dividend of ₹14 per equity share with a face value of ₹2 for the financial year 2026-27 was declared, with a record date of May 15, 2026, and payment on or before June 9, 2026, subject to applicable taxes. The board meeting concluded at 7:30 p.m.

Nuvama Wealth Management Ltd has approved the grant of 93,930 Employee Stock Appreciation Rights (ESARs) to eligible employees under the ‘Nuvama Wealth Employee Stock Appreciation Rights Plan 2024’ on May 11, 2026. The ESAR price will be determined by the Nomination and Remuneration Committee based on the average of the daily opening and closing price of the company's equity shares over the 20 trading days prior to the relevant date. The ESARs can be exercised within 2 years from the date of vesting.

Nuvama Wealth Management Ltd's wholly-owned subsidiary, Nuvama Wealth and Investment Limited (NWIL), received a warning letter from SEBI on May 6, 2026, following a comprehensive inspection for the period October 1, 2024, to September 30, 2025. The letter advises NWIL to be cautious and prevent recurrence of the observations raised. The company states that the letter has no impact on the financials, operations, or other activities of the company or its subsidiaries/associates.