PFA intimation pursuant to Regulation 30
Awaiting price reaction for this filing.
NSE has levied a penalty of Rs. 1,10,000 on Nuvama Wealth and Investment Limited (NWIL), the wholly owned material subsidiary of Nuvama Wealth Management Limited. The penalty stems from observations related to limited purpose inspections covering business activities and inspections of Authorised Persons. NSE has also advised NWIL to be careful and avoid recurrence of such observations in the future. The company has clarified that there is no impact on the financials, operations, or other activities of the listed entity or its subsidiaries. The intimation was made under SEBI Listing Regulations and the details were disclosed to both BSE and NSE on June 19, 2025.
The penalty amount is negligible (~Rs. 1.1 lakh) and the company has confirmed no material impact on financials or operations. This is largely a routine compliance matter and is unlikely to affect the stock price.