Nuvama Wealth Management Ltd

Nuvama Subsidiary Faces ₹1 Lakh Penalty from NSE 📉

• Nuvama Wealth and Investment Limited received ₹100,000 penalty from NSE on March 2, 2026

• Penalty relates to non-compliance with client complaint observations from September 2024 inspection

• Inspection covered period from August 1, 2023 to July 31, 2024

• NSE advised ensuring such non-compliance doesn't reoccur

• Company filing review application seeking penalty waiver

• No financial, operational or other impact on company or subsidiaries