Nuvama Wealth Management Limited has informed the Exchange about Approval for investment in Wholly owned subsidiary
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Nuvama Wealth Management's Board, on November 4, 2025, approved unaudited consolidated and standalone financial results for Q2 and H1 FY26 — standalone net profit for the quarter was Rs. 46.35 crore (lower year-on-year as Q2 FY25 included a large Rs. 256.83 crore dividend from subsidiaries), while H1 FY26 net profit stood at Rs. 267.83 crore. The Board declared an interim dividend of Rs. 70 per equity share on a Rs. 10 face value, with November 11, 2025 as the record date and payout by December 3, 2025. A stock split in the ratio of 1:5 (one Rs. 10 share into five Rs. 2 shares) was approved, subject to shareholder approval via postal ballot, to improve liquidity and retail participation. The Board also approved a Rs. 200 crore investment in Nuvama Wealth Finance Limited, its wholly owned NBFC subsidiary, by subscribing to a rights issue of 25 lakh shares at Rs. 800 per share (Rs. 10 face value plus Rs. 790 premium).
The Rs. 70 per share interim dividend is a strong reward for shareholders, while the 1:5 stock split should lower the per-share price and broaden retail participation. The Rs. 200 crore capital infusion into the NBFC arm funds growth in the lending business but is internal deployment and does not change the subsidiary's 100% ownership by Nuvama.