The Board of Directors at Nuvama Wealth Management has approved several key decisions including the appointment of Keyur Ajmera as Group Chief Risk Officer, investment of up to ₹100 crores in Nuvama Asset Management Limited (NAML), and reviewed the consolidated and standalone unaudited financial results for Q3 FY26. They also explored strategies for better value discovery for shareholders.
Leadership Change
Keyur Ajmera has been appointed as the Group Chief Risk Officer, effective February 1, 2026. He succeeds Venkataraman Ananthakrishnan, who will transition to a new senior leadership role within the Nuvama Group. Consequently, Ananthakrishnan will cease to be a Senior Management Personnel (SMP), and Ajmera will be designated as SMP.
Strategic Investment in Nuvama Asset Management
The board has approved an investment of up to ₹100 crores in one or more tranches, through subscription in the equity shares of Nuvama Asset Management Limited (NAML), a wholly-owned subsidiary of the company. This investment aims to bolster NAML’s capabilities and expand its market presence.
Financial Performance: Q3 FY26
The Board reviewed and approved the consolidated and standalone unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26). Key highlights from the consolidated results include:
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Total Revenue: ₹1,105.98 crore
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Profit Before Tax: ₹339.98 crore
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Net Profit: ₹253.62 crore
Strategic Review
The company evaluated various strategies to enhance value for all shareholders, including a preliminary exploration of how to best organize its business segments. Further details will be disclosed as and when required.
Source: BSE
