Nuvama announces dividend, share split, and subsidiary investment

Nuvama Wealth Management Limited announced its consolidated and standalone unaudited financial results for the quarter and half year ended September 30, 2025. The board of directors approved an interim dividend of Rs. 70 per equity share (face value Rs. 10/-) for the financial year 2025-26, with November 11, 2025, as the record date. This dividend is scheduled for payment on or before December 3, 2025.

Additionally, the company approved a sub-division of its equity shares, splitting each Rs. 10/- face value share into five equity shares of Rs. 2/- face value. This aims to enhance liquidity and encourage retail investor participation, pending approval from company members via postal ballot and regulatory bodies.

The board also approved an investment of Rs. 200 crores in Nuvama Wealth Finance Limited (NWFL), a wholly-owned material subsidiary, through a subscription to its rights issue. NWFL, a Systemically Important Non-Banking Finance Company, reported total revenues of Rs. 632.68 crores for the year ended March 31, 2025, with a net worth of Rs. 900.70 crores.