NUVAMANSENuvama Wealth Management LimitedMediumNeutral
Announced Tue, 19 May · 17:58 IST

Nuvama Wealth Management Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

NUVAMA · price

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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹1461.50
prior close
₹1468.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0-1.8-1.7-1.2+1.7+1.1+3.3+2.6+4.7+7.4+3.8+19.2+27.3
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AI summary

Nuvama Wealth Management's Board of Directors, based on the Audit Committee's recommendation, appointed M/s. Protiviti India Member Private Limited as the company's Internal Auditors for Financial Year 2026-27. The appointment was made at a Board meeting held on May 19, 2026. Protiviti is described as a leading global business and risk consulting firm with expertise in internal audit, internal controls, risk management, compliance, and governance, particularly in financial services sectors including wealth management, broking, and NBFCs. This appears to be a routine appointment of internal auditors for the new financial year.

Likely market impact

This is a standard internal audit function appointment and unlikely to have any material impact on stock price or shareholder interests. Internal auditors review internal processes and controls rather than financial statements.