Nuvama Wealth Management Limited — Important, 03-08-2025: Updates

Nuvama Wealth Management announced the conclusion of the Income Tax Department's onsite survey at its registered office. This event, which follows a prior intimation, has seen the company provide full cooperation and all requested information. Management indicated it was a focused survey. The successful completion of this inquiry helps reduce investor uncertainty regarding the tax department's actions. Importantly, the announcement does not indicate any financial penalties or significant adverse findings, offering clarity on the matter.