Nuvama Wealth Management Limited Announces Outcome of Board Meeting

Strategic Insights -

Nuvama Wealth Management Limited, a leading wealth management company, held its Board Meeting on August 13, 2025, and approved several key developments, including the incorporation of wholly owned subsidiaries in India and the United Arab Emirates. The company also approved its consolidated and standalone unaudited financial results for the quarter ended June 30, 2025, and made amendments to its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. These changes are aimed at enhancing corporate governance and transparency.

Key Takeaways:

  • The Board of Directors of Nuvama Wealth Management Limited approved the incorporation of wholly owned subsidiaries in India and the United Arab Emirates.
  • The company approved its consolidated and standalone unaudited financial results for the quarter ended June 30, 2025.
  • Nuvama Wealth Management Limited made amendments to its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
  • The company enclosed the consolidated and standalone unaudited financial results along with the Limited Review Reports for the quarter ended June 30, 2025, as required by the Listing Regulations.
  • Details regarding the incorporation of wholly owned subsidiaries were disclosed in accordance with the Listing Regulations and SEBI Master Circular No. Nuvama Wealth Management Limited.
  • The company uploaded the results on its website at www.nuvama.com, as well as on the websites of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

Statistics:

  • The Board Meeting of Nuvama Wealth Management Limited commenced at 6.00 p.m. and concluded at 7:45 p.m.
  • The company's consolidated and standalone unaudited financial results for the quarter ended June 30, 2025, were accounted for under the Listing Regulations.
  • The amendments made to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information were implemented in accordance with Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
  • The wholly owned subsidiaries of Nuvama Wealth Management Limited are to be incorporated in India and the United Arab Emirates.

Sources:

  • National Stock Exchange of India Ltd., Exchange Plaza, 5 Floor, Plot C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051.
  • SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
  • SEBI Master Circular No. December 31, 2024.