Nuvama Wealth Management expands equity capital through ESOP allotment

Nuvama Wealth Management Limited announced today, September 19, 2025, the allotment of 8,571 equity shares to its employees who exercised stock options under the company’s employee stock option schemes. Each allotted share has a face value of Rs. 10 and is fully paid-up. This move is consistent with the company's employee incentive programs.

As a direct result of this allotment, the equity share capital of Nuvama Wealth Management Limited has increased. The total equity shares outstanding have risen from 3,60,55,679 to 3,60,64,250. All shares maintain a face value of Rs. 10 each. The company has formally requested that both the BSE Limited and the National Stock Exchange of India Ltd. record this change.

This announcement, signed by Sneha Patwardhan, company secretary and compliance officer, indicates a strategic move to incentivize and retain talent within the organization by offering direct ownership stakes. The issuance reflects ongoing operational activities and adherence to established employee benefit programs.