Nuvama Wealth Management’s Board has approved a stock split, declared an interim dividend of ₹70 per share, and greenlit an investment of ₹200 crores in Nuvama Wealth Finance Limited (NWFL). The stock split aims to enhance liquidity and make shares more accessible to retail investors. These decisions reflect Nuvama’s strategy for growth and shareholder value enhancement. These actions will need to be approved by members of the company.
Stock Split Approved
The Board of Directors has approved a sub-division/split of equity shares, where 1 equity share with a face value of ₹10 will be split into 5 equity shares with a face value of ₹2 each. The record date for the split will be announced after member approval. This decision is subject to member approval and any necessary regulatory or statutory approvals.
Interim Dividend Declared
An interim dividend of ₹70 (Rupees Seventy only) per equity share with a face value of ₹10 has been declared for the financial year 2025-26. The record date for the dividend is November 11, 2025, and it will be paid/dispatched on or before December 3, 2025, subject to applicable taxes.
Investment in NWFL
The Board has approved an investment of ₹200 crores (Rupees Two Hundred Crores only) towards the subscription to the Rights Issue of Nuvama Wealth Finance Limited (“NWFL”), a wholly-owned material subsidiary.
Financial Performance Highlights
Key figures from the unaudited consolidated financial results for Q2 FY26:
- Revenue from operations: ₹1,134.71 crore
- Total Income: ₹1,137.93 crore
- Profit before tax: ₹339.23 crore
- Net profit for the period: ₹253.98 crore
The consolidated results include the financial performance of Nuvama and its subsidiaries, associates, and joint ventures.
Auditor Review
The financial results for Q2 FY26 have been reviewed by the statutory auditors, and an unmodified review report has been issued.
Board Meeting Outcome
These decisions were made at the Board of Directors meeting held on November 4, 2025, which commenced at 6:00 p.m. and concluded at 7:45 p.m.
Source: BSE
