Board approves Q1 results, re-appoints 2 independent directors, subsidiary investments
NUVAMA · price
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Nuvama Wealth Management board on July 30, 2026 approved Q1 FY27 results - standalone net profit Rs 254.70 cr versus Rs 19.11 cr in Q4 FY26, consolidated PAT Rs 305.64 cr. Re-appointed Birendra Kumar as Chairperson and Anisha Motwani as Independent Directors for 3 more years from July 22, 2027. Approved Rs 500 cr NCD raise, acquired remaining 26 percent in Pickright Technologies for Rs 2.08 cr making it wholly owned, and plans to invest up to Rs 100 cr in Nuvama Asset Management.
Strong Q1 profit jump, stable leadership continuity, and subsidiary expansion signal healthy growth focus.