Nuvama Wealth Management Limited informed the stock exchanges on May 7, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that its wholly owned material subsidiary, Nuvama Wealth and Investment Limited (NWIL), has received an administrative warning letter from the Securities and Exchange Board of India (SEBI). The letter, dated May 6, 2026, advises NWIL to exercise caution and avoid recurrence of the observations noted during a comprehensive regulatory inspection.

Nature of the Regulatory Action

The administrative warning letter issued by SEBI pertains to observations related to NWIL's broking and depository operations, with specific reference to the Cybersecurity and Cyber Resilience Framework. SEBI has directed NWIL to be careful and ensure that the observations raised do not recur in the future. The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations.

The key details of the regulatory action, as disclosed in Annexure I of the company's filing, are summarised below:

Background of the Inspection

The observations cited in the warning letter are consequent to a comprehensive inspection conducted jointly by SEBI, Exchanges, and Depository Participants, covering the period October 1, 2024 to September 30, 2025. The inspection had concluded in February 2026. The warning letter represents SEBI's administrative communication to NWIL, indicating areas requiring attention in its broking and depository operations, particularly with respect to the Cybersecurity and Cyber Resilience Framework.

No Financial or Operational Impact

Nuvama Wealth Management Limited has explicitly stated that the receipt of the warning letter has no impact on the financials, operations, or other activities of the company or its subsidiaries and associates. The company confirmed this position both in its regulatory filing and in the detailed Annexure submitted to the exchanges. The disclosure was signed by Sneha Patwardhan, Company Secretary and Compliance Officer of Nuvama Wealth Management Limited.

Nuvama Wealth Management Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with approximately 4,12,505 shares changing hands at a price of ₹1325.00 per share, aggregating to a total deal value of ₹54.66 crores.

Block Trade Details

The transaction represents a sizeable single-window deal on the NSE. The following table summarises the key parameters of the block trade:

Block trades are typically executed through a separate trading window on stock exchanges, allowing large transactions to be carried out without significantly impacting the prevailing market price. The deal in Nuvama Wealth Management underscores considerable institutional interest in the counter at the reported price level.