The Board of Directors at Nuvama Wealth Management has approved several key proposals, including a stock split (1:5), an interim dividend of ₹70 per share, and an investment of ₹200 crore in Nuvama Wealth Finance Limited. The record date for the dividend is set for November 11, 2025. These decisions aim to enhance shareholder value and support the growth of its finance subsidiary.
Stock Split Details
Nuvama Wealth Management’s board has approved a stock split, wherein each equity share with a face value of ₹10 will be sub-divided into five equity shares with a face value of ₹2 each. This decision is subject to shareholder approval through a postal ballot. The record date for the stock split will be announced after shareholder approval is obtained.
Interim Dividend Declared
The board has declared an interim dividend of ₹70 per equity share for the financial year 2025-26. The record date for determining shareholders eligible for the dividend is November 11, 2025. The dividend will be paid/dispatched on or before December 3, 2025, subject to applicable taxes.
Investment in Nuvama Wealth Finance
An investment of ₹200 crore has been approved for subscription to the Rights Issue of Nuvama Wealth Finance Limited (NWFL), a wholly-owned material subsidiary of the Company. This investment aims to support the financial arm of Nuvama Wealth Management.
Financial Performance Highlights (Q2 2025-26)
Key consolidated financial figures for the quarter ended September 30, 2025, include:
Segment Revenue Breakdown
Source: BSE
