Nuvama Wealth Management Limited has announced a significant investment of ₹100,00,00,175 in its wholly-owned subsidiary Nuvama Wealth Finance Limited (NWFL) through subscription in a rights issue of equity shares. The investment was approved by the company and disclosed under Regulation 30 of SEBI Listing Regulations.

Investment Details

The investment structure involves the acquisition of specific equity shares with detailed financial parameters:

The transaction will be conducted on an arm's length basis and does not require any governmental or regulatory approvals. Importantly, there will be no change in the percentage of shareholding, with NWFL continuing to remain a wholly-owned subsidiary of Nuvama Wealth Management.

Subsidiary Performance Overview

Nuvama Wealth Finance Limited demonstrates strong financial performance as a systemically important non-deposit taking Non-Banking Finance Company. The subsidiary reported total revenue of ₹632.68 crores for the year ended March 31, 2025, with a robust net worth of ₹900.70 crores as of the same date.

Three-Year Revenue Trajectory

The revenue data shows consistent growth over the three-year period, reflecting the subsidiary's expanding business operations in the non-banking financial services sector.

Business Profile and Operations

Nuvama Wealth Finance Limited was incorporated on October 27, 1994, and became a wholly-owned subsidiary of Nuvama Wealth Management with effect from May 4, 2020. The company is registered with the Reserve Bank of India and operates exclusively within India.

NWFL is primarily engaged in the business of advancing loans against securities, positioning it strategically within the non-banking financial services industry. The investment is intended for general business purposes of the wholly-owned subsidiary, supporting its continued operations and growth initiatives.

Regulatory Compliance

The investment falls under related party transactions since NWFL is a wholly-owned subsidiary, but does not fall within the ambit of Related Party Transactions as per SEBI Listing Regulations. The promoter, promoter group, and group companies of Nuvama Wealth Management have no interest in the proposed transaction except to the extent of existing shares held by the company in NWFL.

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:

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.