Nuvama Wealth Management disclosed that its promoters and promoter group members have not created any encumbrance on their shareholding during the financial year ended March 31, 2026. The declaration confirms that no direct or indirect charges were created on the shares held by these entities, other than those already disclosed to the exchanges.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed companies to disclose any encumbrance created by promoters or persons acting in concert on their shareholding.

The declaration was submitted on behalf of two entities. PAGAC Ecstasy Pte Ltd is classified as a Promoter, while Asia Pragati Strategic Investment Fund is classified as a member of the Promoter Group.

Details of Promoters and Promoter Group

The disclosure was signed by Gauravjit Singh on behalf of PAGAC Ecstasy Pte Ltd. The letter was addressed to the listing departments of BSE Limited and National Stock Exchange of India Ltd.

Nuvama Wealth Management disclosed that NSE Clearing Limited has rejected an appeal filed by its wholly owned material subsidiary, Nuvama Clearing Services Limited, regarding the waiver of a penalty. The subsidiary had sought relief against a penalty of ₹10,84,438.40 levied for non-submission of client collateral segregation data. The order was received on June 12, 2026, and pertains to a violation by a trading member affiliated with the subsidiary in the F&O segment.

The appeal panel rejected the request for the waiver of the penalty. The original penalty was issued due to the failure to submit the required client collateral segregation data. The specific violation involved a trading member affiliated with Nuvama Clearing Services Limited operating within the derivatives segment.

Details of the Order

The regulatory communication outlined the specific nature of the action taken against the subsidiary. The table below summarizes the key details provided in the filing:

Nuvama Wealth Management stated 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 this order. The intimation was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.