Nuvama Wealth and Investment Limited (NWIL), a wholly-owned subsidiary, received a warning letter from the National Stock Exchange (NSE) dated February 20, 2026. This action followed a Limited Purpose Inspection conducted in July 2025 concerning operational submissions made by NWIL. The NSE advised the subsidiary to be careful and avoid similar observations in the future. Nuvama confirmed that this development has no impact on the company’s financials or operations.
Regulatory Communication Received by Subsidiary
Nuvama Wealth Management Limited (the Company) has disclosed the receipt of a formal communication from the National Stock Exchange of India Limited (NSE). The communication, dated February 20, 2026, was addressed to Nuvama Wealth and Investment Limited (NWIL), identified as a wholly owned material subsidiary of the Company.
Details of the NSE Action
The action taken by the NSE constitutes the issuance of a warning letter to NWIL. This letter stems from observations made during a Limited Purpose Inspection that took place in July 2025. The inspection pertained specifically to the operational submissions provided by NWIL to the exchange.
The NSE’s directive is clear: NWIL must exercise caution and ensure that these observations do not recur in the future.
Impact Assessment
Nuvama Wealth Management Limited has explicitly stated that the issuance of this warning letter has no quantifiable impact on the financial position, operational structure, or other activities of the listed entity or any of its subsidiaries or associates.
Compliance Disclosure
The disclosure, made pursuant to regulatory requirements, was authorized and signed by Sneha Patwardhan, Company Secretary and Compliance Officer, on February 21, 2026.
Source: BSE
