Nuvama Wealth Management Limited — Important, 13-08-2025: Updates

Nuvama Wealth Management announced its board meeting outcomes, reporting a consolidated net profit of ₹263.87 Cr on total income of ₹1,124.61 Cr for the quarter. Basic EPS stood at ₹73.36. The company is strategically expanding by incorporating wholly-owned subsidiaries in India for corporate trusteeship and in UAE for financial product advisory. While a subsidiary faces ongoing legal appeals concerning ₹460 Cr and ₹22.27 Cr related to collateral, management anticipates a favorable outcome with no current financial adjustments.