Nuvama Wealth Management Limited has informed stock exchanges that its wholly owned material subsidiary has received a regulatory penalty from the National Stock Exchange of India Limited. The disclosure was made under Regulation 30 of the SEBI Listing Regulations on March 2, 2026.

Penalty Details and Background

Nuvama Wealth and Investment Limited (NWIL), the subsidiary in question, received a penalty letter from NSE imposing a fine and advisory notice regarding compliance issues. The regulatory action stems from observations made during a limited purpose inspection conducted in September 2024.

Nature of Compliance Issues

The penalty relates to non-compliance with observations noted during the limited purpose inspection pertaining to client complaints handling. NSE has advised NWIL to ensure that such non-compliance issues do not reoccur in the future. The inspection covered a 12-month period and focused specifically on client process adherence.

Company Response and Impact Assessment

Nuvama Wealth Management has indicated that it is taking proactive steps to address the regulatory action. The company is in the process of filing a review application to NSE seeking waiver of the penalty and disciplinary action imposed through the letter.

The company has explicitly stated that there is no impact on the financials, operations, or other activities of the company or its subsidiaries and associates pursuant to the penalty letter. This suggests that the compliance issue was procedural in nature rather than having material business implications.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations. This regulation requires listed companies to inform stock exchanges about material events that could impact investor decisions, including regulatory actions against the company or its subsidiaries.

Nuvama Wealth Management Limited has announced a non-deal roadshow scheduled for March 9-13, 2026, in Singapore and Hong Kong. The roadshow, hosted by Citi, will involve meetings with various investors and analysts as part of the company's investor engagement activities.

Roadshow Details

The company has provided comprehensive details about the upcoming investor meetings:

Regulatory Compliance

The announcement was made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sneha Patwardhan signed the regulatory filing on February 25, 2026, ensuring proper disclosure to both BSE and NSE.

Discussion Topics

During the roadshow, company representatives will discuss the investor presentation for the quarter and nine months ended December 31, 2025. This presentation is currently available on the company's website and on the stock exchanges, ensuring transparency and accessibility for all stakeholders.

Important Disclaimers

Nuvama Wealth Management has explicitly stated that no unpublished price-sensitive information will be shared or discussed during the conferences. The company has also noted that the schedule is subject to change due to any exigencies, providing flexibility for operational adjustments if required.