National Stock Exchange of India Limited has issued two warning letters to Nuvama Wealth and Investment Limited (NWIL), a wholly owned material subsidiary of Nuvama Wealth Management Limited, on April 29, 2026. The letters pertain to observations related to periodical submissions identified during a Limited Purpose Inspection conducted by the exchange. NSE has advised NWIL to be careful and avoid recurrence of these observations in future.

Regulatory Filing Details

Nuvama Wealth Management Limited disclosed this development through a regulatory filing dated April 29, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was addressed to both BSE Limited and National Stock Exchange of India Limited, with BSE scrip code 543988 and NSE symbol NUVAMA. The official communication was signed by Sneha Patwardhan, Company Secretary and Compliance Officer.

Inspection and Observations

The warning letters follow a Limited Purpose Inspection conducted during two periods: April to June 2025 and October to December 2025. The inspection focused on periodical submissions to exchanges. NSE has indicated that NWIL should exercise caution to prevent recurrence of the observations noted during these inspection periods.

Company Response and Impact

Nuvama Wealth Management Limited has clarified that there is no impact on the financials, operations, or other activities of the listed entity or its subsidiaries and associates as a result of these warning letters. The company has taken the regulatory communication on record and is committed to ensuring compliance with exchange requirements going forward.

Nuvama Wealth Management Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI Depositories and Participants Regulations. The filing demonstrates the company's adherence to mandatory regulatory requirements governing securities dematerialisation processes.

Regulatory Compliance Filing

The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Sneha Patwardhan submitted the documentation to both BSE Limited and National Stock Exchange of India on April 6, 2026.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate dated April 1, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines.

The certificate validates that security certificates received for dematerialisation were appropriately confirmed or rejected, with physical certificates being mutilated and cancelled after due verification. Additionally, the names of depositories were substituted in the register of members as registered owners according to regulatory requirements.

Corporate Governance

This quarterly filing represents part of Nuvama Wealth Management's ongoing compliance with SEBI regulations governing depositories and participants. The systematic submission of such certificates ensures transparency in securities handling and maintains investor confidence in the company's operational processes.

The documentation confirms that the company's securities infrastructure operates in accordance with established regulatory frameworks, supporting efficient dematerialisation services for shareholders.