Nuvama Wealth Management Limited’s Board of Directors convened on July 30, 2026, approving the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. Key decisions included the re-appointment of Mr. Birendra Kumar and Ms. Anisha Motwani as Independent Directors, alongside the approval of a resolution to raise up to ₹500 crore via Non-convertible Debentures and the acquisition of an additional 26% stake in Pickright Technologies Private Limited, making it a wholly-owned subsidiary.
Nuvama Wealth Management Board Meeting Highlights
Nuvama Wealth Management Limited announced that its Board of Directors, in a meeting held on July 30, 2026, considered and approved several significant matters. These included the unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026.
Leadership Appointments and Re-appointments
Following recommendations from the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Birendra Kumar (DIN: 00163054) and Ms. Anisha Motwani (DIN: 06943493) as Independent Directors. Both will serve a second term of 3 years, effective from July 22, 2027, subject to shareholder approval.
Fundraising and Strategic Acquisitions
An enabling annual resolution was passed for raising funds up to ₹500 Crores through the issuance of Non-convertible Debentures, in one or more tranches, on a private placement basis. This is also subject to member approval.
Furthermore, the company approved the acquisition of an additional 26% equity stake in its subsidiary, Pickright Technologies Private Limited (“Pickright”). Upon completion of this acquisition, Pickright will become a wholly owned subsidiary of Nuvama Wealth Management Limited.
Investment in Asset Management Arm
The Board also 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.
Financial Results Overview
The financial results for the quarter ended June 30, 2026, show a Total Income of ₹1,381.96 Crores for the consolidated results and ₹430.87 Crores for standalone results. Profit after tax (PAT) for the consolidated entity stood at ₹305.64 Crores, and for standalone at ₹254.70 Crores. The company’s net worth was ₹4,192.19 Crores as of June 30, 2026.
Segment Performance
The consolidated segment results indicate that the Wealth management business generated the highest revenue at ₹1,381.96 Crores, with a profit before taxation of ₹410.52 Crores. The Capital markets business contributed significantly to segment assets.
Source: BSE
