Nuvama Wealth Management Limited has submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Ltd. regarding receipt of an administrative warning from the Securities and Exchange Board of India (SEBI).
The company received an Administrative Warning from SEBI on July 17, 2026, in connection with the inspection of public issues handled by the company as a Merchant Banker. The warning indicates that the company should be careful and avoid recurrence of the observations in future.
The observations specifically relate to public issues handled by the company as merchant banker and pertain to strengthening the documentation and further improving the process. SEBI has advised the company to be careful in future and avoid recurrence of these observations.
The company has explicitly stated that there is no impact on the financials, operations or other activities of the company or its subsidiaries/associates pursuant to this regulatory communication. The financial impact is quantified as "No impact" in the disclosure.
The disclosure was signed by Sneha Patwardhan, Company Secretary and Compliance Officer, on July 18, 2026 at 11:33:56 IST.