Nuvama Wealth and Investment Limited, a material subsidiary of Nuvama, has been penalized ₹320,500 by the National Stock Exchange of India Limited (NSE). The penalty was communicated via a letter dated December 8, 2025, and arises from observations during a Limited Purpose Inspection in December 2023. This relates to a single instance involving the non-receipt of securities with respect to a client, and is stated to have no impact on the company’s financials or operations.
Penalty Details
The National Stock Exchange of India Limited (NSE) has imposed a penalty of ₹320,500 on Nuvama Wealth and Investment Limited, a wholly owned material subsidiary of Nuvama. The company received official notification of this penalty on December 8, 2025.
Reason for Penalty
The penalty stems from a Limited Purpose Inspection conducted in December 2023. The identified issue relates to a specific instance of non-receipt of securities concerning a particular client.
Impact Assessment
Nuvama has stated that this penalty will have no impact on the financials, operations, or other activities of the Company or its subsidiaries/associates.
Source: BSE
