Nuvama Subsidiary NSE Clearing Penalty Appeal Rejected

Date: June 13, 2026

Regulatory Action Disclosure

Nuvama Wealth Management Limited informed the stock exchanges about an order passed by NSE Clearing Limited against its wholly owned material subsidiary, Nuvama Clearing Services Limited (NCSL).

Nature of Order: The Appeal Panel of NSE Clearing Limited rejected an appeal filed by Nuvama Clearing Services Limited for waiver of penalty amounting to ₹10,84,438.40 (Ten Lakh Eighty-Four Thousand Four Hundred Thirty-Eight Rupees and Forty Paise).

Reason for Penalty: The penalty was imposed due to non-submission of client collateral segregation data by a trading member affiliated to NCSL in the F&O (Futures & Options) segment.

Date of Order Receipt: The company received the order on June 12, 2026.

Financial Impact Assessment: The company explicitly stated that there is no impact on the financials, operations, or other activities of Nuvama Wealth Management Limited or its subsidiaries/associates pursuant to this order.

Regulatory Context: The disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.