Nuvama Wealth Management Limited’s Board of Directors, in a meeting held on July 30, 2026, approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. Key decisions included the re-appointment of two independent directors, approval for raising funds up to ₹500 Crores via non-convertible debentures, and the acquisition of an additional 26% stake in its subsidiary, Pickright Technologies Private Limited, making it a wholly owned subsidiary.
Board Meeting Highlights and Financials
Nuvama Wealth Management Limited announced the outcomes of its Board of Directors meeting held on July 30, 2026. The Board considered and approved the unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The financial results are detailed in Annexure A.
Key Director Appointments Approved
On the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of:
- Mr. Birendra Kumar (DIN: 00163054) as an Independent Director and Chairperson for a second term of 3 years, effective July 22, 2027, subject to member approval.
- Ms. Anisha Motwani (DIN: 06943493) as an Independent Director for a second term of 3 years, effective July 22, 2027, subject to member approval.
Details regarding these re-appointments are provided in Annexure B.
Fundraising and Strategic Acquisitions
The Board also approved an enabling annual resolution for raising funds through the issuance of Non-convertible Debentures for an amount not exceeding ₹500 Crores in one or more tranches, on a private placement basis, subject to member approval.
Additionally, the company will acquire an additional equity stake of 26% in Pickright Technologies Private Limited (“Pickright”), a subsidiary. Post-acquisition, Pickright will become a wholly owned subsidiary. Details of this investment are in Annexure C.
Furthermore, an investment of an amount not exceeding ₹100 crores, in one or more tranches, will be made through subscription in the equity shares of Nuvama Asset Management Limited (“NAML”), a wholly owned subsidiary. Information regarding this investment is in Annexure D.
Financial Performance Overview
The unaudited consolidated financial results for the quarter ended June 30, 2026, show total income of ₹1,381.96 Crores and a net profit attributable to owners of the Company of ₹305.79 Crores. Total comprehensive income attributable to owners was ₹305.78 Crores. The basic Earnings Per Share (EPS) for the quarter stood at ₹16.78.
The standalone financial results for the same period reflect total income of ₹430.87 Crores and a net profit of ₹254.70 Crores. The basic EPS for the standalone results was ₹13.98.
Source: BSE
