Nuvama wealth management Limited has announced the allotment of 1,67,230 equity shares to employees following the exercise of Employee Stock Option Plans (ESOPs) on February 3, 2026. The development was communicated to both BSE Limited and National Stock Exchange of India through an official regulatory filing.

Share Allotment Details

The allotted equity shares carry a face value of Rs. 2 each and are fully paid-up. These shares were issued to employees who exercised their stock options under the company's Employee Stock Option Scheme(s).

Impact on Share Capital

The ESOP exercise has resulted in an expansion of Nuvama Wealth Management's equity share capital. The allotment increased the total number of outstanding equity shares in the company.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing the stock exchanges about this corporate action. Company Secretary and Compliance Officer Sneha Patwardhan signed the notification, ensuring proper documentation and compliance with listing requirements. The communication was sent to both BSE Limited, where the company trades under scrip code 543988, and the National Stock Exchange of India, where it is listed under the symbol NUVAMA.

Employee Stock Option Context

The allotment represents the successful exercise of stock options by company employees under the established Employee Stock Option Scheme(s). Such schemes are typically designed to align employee interests with shareholder value creation and serve as retention tools for key personnel within the organization.

Nuvama wealth management has set ambitious growth targets while emphasizing operational stability following recent adjustments to its asset services. The wealth management firm is targeting more than 20% business growth as it seeks to strengthen its market position and expand its service offerings.

Growth Strategy and Business Outlook

The company's growth strategy reflects a balanced approach to expansion, with management expressing confidence in achieving substantial business growth. The target of more than 20% growth demonstrates the company's commitment to scaling its operations and capturing greater market share in the competitive wealth management sector.

Operational Expenditure Planning

Nuvama Wealth Management has provided detailed projections for its operational expenditure, outlining a structured approach to cost management and investment allocation.

The company's opex growth projection of 10% to 12% for the full year is strategically divided between expansion initiatives and necessary inflation adjustments. This allocation demonstrates a methodical approach to balancing growth investments with operational cost management.

Focus on Stability Post Asset Service Adjustments

Following recent asset service adjustments, the company is prioritizing operational stability while pursuing its growth objectives. This focus on stability suggests that Nuvama Wealth Management is working to optimize its service delivery framework and ensure consistent performance across its wealth management operations.

The combination of aggressive growth targets and careful expenditure planning indicates the company's strategic approach to sustainable expansion in the wealth management industry.