Nuvama Wealth Management Allots 4,390 Equity Shares Under Employee Stock Option Scheme

1 min read Updated on 16 Mar 2026, 07:02 PM

Reviewed by

Radhika SScanX News Team

AI Summary

Nuvama Wealth Management Limited allotted 4,390 equity shares of Rs. 2 face value each to employees under its ESOP scheme on March 16, 2026. The allotment increased the company's total equity share capital from 18,20,37,123 shares to 18,20,41,513 shares. The company informed BSE and NSE about this corporate action through official communication signed by Company Secretary Sneha Patwardhan.

*this image is generated using AI for illustrative purposes only.

Nuvama Wealth Management Limited has completed the allotment of equity shares to employees under its Employee Stock Option Scheme (ESOP) on March 16, 2026. The company allotted 4,390 equity shares of face value Rs. 2 each, fully paid-up, to employees who exercised their stock options under the company's ESOP schemes.

Share Capital Enhancement

The allotment has resulted in an increase in the company's equity share capital. The details of the share capital change are presented below:

Parameter:	Details
Shares Allotted:	4,390 equity shares
Face Value:	Rs. 2 per share
Previous Share Capital:	18,20,37,123 equity shares
Revised Share Capital:	18,20,41,513 equity shares
Allotment Date:	March 16, 2026

Corporate Communication

The company formally communicated this development to both major stock exchanges through official letters. Company Secretary and Compliance Officer Sneha Patwardhan signed the communication digitally on March 16, 2026, at 18:27:11 +05'30'. The notification was sent to BSE Limited and National Stock Exchange of India Limited for their records and appropriate action.

ESOP Implementation

The allotment represents the successful exercise of stock options by company employees under Nuvama Wealth Management's Employee Stock Option Schemes. All allotted shares are fully paid-up equity shares with a face value of Rs. 2 each, maintaining consistency with the company's existing share structure. This corporate action demonstrates the company's commitment to employee participation in its growth through equity-based compensation mechanisms.