Nuvama Wealth Management Successfully Completes 1:5 Stock Split Implementation

Nuvama Wealth Management Limited has successfully completed its 1:5 stock split, with the sub-divided shares now credited to depositories under a new ISIN code. The company informed stock exchanges on December 30, 2025, that the corporate action has been fully implemented following shareholder approval through postal ballot.

Stock Split Implementation Details

The stock split has been executed with confirmation from both major depositories in India:

Parameter:	Details
Original Face Value:	Rs. 10.00 per share
New Face Value:	Rs. 2.00 per share
Split Ratio:	1:5 (1 share becomes 5 shares)
New ISIN Code:	INE531F01023
Depositories Confirmed:	NSDL and CDSL
Implementation Date:	December 29-30, 2025

Voting Process and Approval Timeline

The stock split received shareholder approval through a comprehensive e-voting process:

Voting Details:	Information
Voting Method:	Remote e-voting
E-voting Start:	November 8, 2025, 9:00 AM (IST)
E-voting End:	December 7, 2025, 5:00 PM (IST)
Platform Provider:	MUFG Intime India Private Limited
Final Implementation:	December 29-30, 2025

Corporate Structure Changes

The completed stock split has resulted in significant changes to the company's share structure:

Aspect:	Previous	Current
Face Value per Share:	Rs. 10.00	Rs. 2.00
Authorized Equity Shares:	79.95 crore	399.77 crore
Authorized Share Capital:	Rs. 799.54 crores	Rs. 799.54 crores (unchanged)
Share Multiplication:	1 share	5 shares

Depository Confirmation Process

Both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) have issued confirmation letters regarding the successful processing of the stock split. The sub-divided shares have been credited under the new ISIN code INE531F01023, replacing the previous ISIN.

Strategic Benefits Realized

The Board of Directors' objectives for the stock split included:

Enhanced liquidity of company shares in the market
Increased accessibility for retail investors
Broader shareholder base through more affordable share prices
Maintained shareholder rights and proportional ownership

Impact on Existing Shareholders

Shareholders will see their holdings multiplied by five while maintaining the same total investment value. The stock split does not affect existing rights and obligations, with all shareholders receiving proportional increases in their share count. Employee stock option plans have also been adjusted to ensure fair treatment of option holders following the corporate action.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.75%	-0.30%	+0.28%	-0.62%	+19.63%	-43.56%

Nuvama Wealth Management Limited (NWML) has reported a mixed set of financial results for the second quarter, along with significant corporate actions that could impact shareholders.

Financial Performance

For the quarter ended September 30, NWML reported:

Metric	Q2 FY26	Q2 FY25	YoY Change
Revenue	11.34	10.50	+8.00%
EBITDA	6.20	5.70	+8.80%
EBITDA Margin	54.98%	53.75%	+123 bps
Net Profit	2.54	2.58	-1.60%

Note: All financial figures are in billion Indian Rupees (Rs) unless otherwise stated.

The company's revenue and EBITDA showed healthy year-over-year growth, with EBITDA margin improving by 123 basis points. However, the consolidated net profit saw a slight decline of 1.60% compared to the same quarter last year.

Corporate Actions

Share Split

The Board of Directors has approved a sub-division of the company's equity shares in a 1:5 ratio. This means that each existing equity share with a face value of Rs 10 will be split into five equity shares with a face value of Rs 2 each. The move aims to enhance the liquidity of the company's shares and encourage broader retail investor participation.

Interim Dividend

NWML has declared an interim dividend of Rs 70 per share. The record date for this dividend has been set as November 11, with the payment expected to be completed by December 3, subject to applicable taxes.

Additional Corporate Developments

Rights Issue Investment: The Board has approved an investment of Rs 200 crore towards the subscription of a rights issue by Nuvama Wealth Finance Limited (NWFL), a wholly-owned subsidiary of NWML.
Regulatory Compliance: The company has confirmed that the proceeds from unsecured Commercial Papers issued and outstanding as of September 30 are being utilized as per the stated objectives in the offer document.
Subsidiary Performance: NWFL, a key subsidiary, reported total revenues of Rs 632.68 crore for the year ended March 31, with a net worth of Rs 900.70 crore as of that date.

Market Impact and Outlook

The announced share split is expected to make NWML's shares more accessible to a broader range of investors, potentially increasing liquidity in the stock. The substantial interim dividend of Rs 70 per share signals management's confidence in the company's financial position and commitment to shareholder returns.

While the slight dip in net profit may raise some concerns, the overall growth in revenue and EBITDA, along with margin improvement, suggests that NWML's core business remains strong. The investment in NWFL's rights issue also indicates the company's focus on strengthening its presence in the non-banking financial services sector.

Investors and market analysts will likely watch closely how these corporate actions impact NWML's stock performance and financial metrics in the coming quarters.