Nuvama Wealth Management Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
NUVAMA · price
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Nuvama Wealth Management's board approved its unaudited Q2 and H1 FY26 results (quarter ended September 30, 2025) along with three key corporate actions. Standalone net profit for Q2 FY26 was Rs. 46.35 crore (vs Rs. 316.84 crore in Q2 FY25, which had unusually high Rs. 256.83 crore dividend income from subsidiaries), while H1 FY26 standalone net profit stood at Rs. 267.83 crore. Consolidated H1 FY26 net profit was Rs. 517.85 crore with EPS of Rs. 143.89. The board declared an interim dividend of Rs. 70 per share (on Rs. 10 face value), with record date November 11, 2025 and payment by December 3, 2025. It also approved a 1:5 stock split (sub-dividing each Rs. 10 share into 5 shares of Rs. 2), subject to shareholder approval via postal ballot, aimed at improving affordability and liquidity for retail investors. Additionally, the company will invest Rs. 200 crore in its wholly owned subsidiary Nuvama Wealth Finance Limited (NWFL) through a rights issue subscription.
Short-term: The record date for the Rs. 70 interim dividend is November 11, 2025 — shareholders holding shares by this date will receive the payout. The 1:5 stock split, once effective, will lower per-share price and improve liquidity, typically attracting broader retail participation. The Rs. 200 crore infusion into NWFL supports growth in the lending-against-securities business. Investors should also note the ongoing legal matter at NCSL (subsidiary) pending before the Supreme Court and a recent income tax survey under Section 133A, both flagged as emphasis-of-matter items with no current financial adjustments.