Nuvama Wealth Management Limited has informed the Exchange that the Board of Directors at its meeting held on November 04, 2025, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 5 equity shares of Rs. 2 each.
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Nuvama Wealth Management's board, at its November 4, 2025 meeting, approved four key items: (1) Q2 and H1 FY26 unaudited results — standalone net profit fell to Rs. 267.83 crore from Rs. 363.38 crore a year ago, with total income at Rs. 617.66 crore; consolidated H1 FY26 net profit was Rs. 517.85 crore. (2) An interim dividend of Rs. 70 per share on the Rs. 10 face value, with November 11, 2025 set as the record date and payout by December 3, 2025. (3) A stock split sub-dividing 1 equity share of Rs. 10 into 5 shares of Rs. 2 each, subject to shareholder approval via postal ballot — aimed at improving liquidity and retail participation. (4) A Rs. 200 crore investment to subscribe to the rights issue of its wholly owned subsidiary Nuvama Wealth Finance Limited (NWFL), buying 25 lakh shares at Rs. 800 each (Rs. 10 face + Rs. 790 premium).
The stock split makes shares more affordable and could broaden retail investor participation, while the Rs. 70 interim dividend rewards existing shareholders. However, the sharp year-on-year decline in standalone profits (about 26% lower in H1) is a point of caution. The Rs. 200 crore infusion into NWFL supports the lending-focused subsidiary's growth without altering Nuvama's ownership.