Nuvama Wealth and Investment Limited received an ₹8.69 lakh penalty from NSE for operational lapses in margin reporting identified during a SEBI-led inspection.
The penalty relates to observations from a comprehensive inspection covering December 2023 to September 2024 period.
The company states there is no financial or operational impact and is filing for a penalty waiver review.
This disclosure is made pursuant to SEBI Listing Regulations requirements for material subsidiary actions.