Nuvama expands equity capital with ESOP allotment

Nuvama Wealth Management Limited announced on November 24, 2025, the allotment of 75,448 new equity shares. These shares, each with a face value of Rs. 10 and fully paid-up, were issued to employees under the company’s Employee Stock Option Scheme(s) and Employee Stock Appreciation Rights Plan. This action was officially approved on the same date.

The allotment results in a revised equity share capital for the company. The total number of equity shares has increased from 36,238,301 to 36,313,749, all maintaining a face value of Rs. 10 each. This move reflects the company's ongoing commitment to its employee incentive programs.

The announcement was made to both BSE Limited and the National Stock Exchange of India Ltd. The communication was signed by Sneha Patwardhan, company secretary and compliance officer, and dated November 24, 2025.