Nuvama Wealth Management Limited announced that its wholly-owned material subsidiary, Nuvama Wealth and Investment Limited (NWIL), received two warning letters from the National Stock Exchange of India Limited (NSE) on April 29, 2026. These letters indicate that NWIL needs to be careful and avoid the recurrence of certain observations in the future. The observations are a consequence of a Limited Purpose Inspection conducted during April to June 2025 and October to December 2025, pertaining to periodical submissions to exchanges. Nuvama Wealth Management Limited has stated that there is no impact on the financials, operations, or other activities of the Company or its subsidiaries/associates, pursuant to these warning letters.
