Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

NWML/SEC/2027/47 September 2, 2026 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. BSE Scrip Code: 543988 NSE Symbol: NUVAMA Subject: - Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) Dear Sir(s) / Madam(s), Pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations, we would like to inform the Exchanges with regards to the Judgment passed by the Hon’ble Supreme Court with respect to Nuvama Clearing Services Limited (“NCSL”), a wholly owned material subsidiary of the Company. NCSL has received a favorable judgment from Hon’ble Supreme Court with respect to a long standing material litigation. The details as required under Regulation 30 of the Listing Regulations are attached as an Annexure – I. Kindly take the same on record. Thanking you, For Nuvama Wealth Management Limited Sneha Patwardhan Company Secretary and Compliance Officer Encl: as above Nuvama Wealth Management Limited Corporate Identity Number: L67110MH1993PLC344634 Registered Office: 801- 804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 • Tel No. +91 22 6620 3030 • secretarial@nuvama.com • nuvama.com Annexure I Brief details of litigation  The litigation relates to the erstwhile professional clearing member business for domestic brokers, which was previously part of the Asset Services segment and arises from an order passed by the Member and Core Settlement Guarantee Fund Committee (“Committee”) of NSE Clearing Limited (“NCL”) directing Nuvama Clearing Services Limited (“NCSL”), a wholly owned material subsidiary of the Company (formerly known as Edelweiss Custodial Services Limited) to reinstate the securities that stood liquidated during the settlement process.  On December 22, 2023, NCSL filed an appeal against NCL and NSE before the Hon’ble Supreme Court of India, seeking to set aside the Order dated December 15, 2023, passed by Securities Appellate Tribunal (“SAT”) (“Anugrah matter”).  On January 13, 2026, the Supreme Court admitted the appeal.  In a similar matter pertaining to Vrise Securities Private Limited, NCSL filed an appeal before the Hon’ble Supreme Court of India, which was tagged with the Anugrah matter (“Vrise matter”). The details of any The Hon'ble Supreme Court of India, vide its judgment dated September 2, 2026, change in the status and has allowed the appeals filed by NCSL in relation to the Anugrah and Vrise matters / or any development in and has set aside the impugned orders of the Committee and the SAT. relation to such Consequently, the directions issued against NCSL under the aforesaid orders stand proceedings set aside. A copy of the judgment is enclosed herewith. In the case of litigation Not Applicable against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings; In the event of Not Applicable settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity. Nuvama Wealth Management Limited Corporate Identity Number: L67110MH1993PLC344634 Registered Office: 801- 804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 • Tel No. +91 22 6620 3030 • secretarial@nuvama.com • nuvama.com 2026 INSC 941 Reportable IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION Civil Appeal No.31 of 2024 Edelweiss Custodial Services Limited ... Appellant Versus NSE Clearing Ltd. & Anr. … Respondents With Civil Appeal No. 7313 of 2024 Civil Appeal No. 2187 of 2024 Civil Appeal No. 3179 of 2024 Civil Appeal No. 4238 of 2026 J U D G M E N T K. VINOD CHANDRAN, J. When the future holds out promises and options for everyone; in the Futures & Options (F&O) Segment they were faced with eternal damnation and loss of valuable securities, lament the individual investors, who are the intervenors in these appeals. Whether the reparations are to be borne by the Share Broker, herein termed the Trading Member (TM) or the Professional Clearing Member (PCM), the appellants herein, is the dispute raised by the appellants, who distance themselves Page 1 of 56 Civil Appeal No.31 of 2024 etc. from the individual clients/investors, on the ground of absence of privity of contract with those clients of the TM and lack of visibility of their debit/credit positions. I) Overview of the F&O Segment and the case: 2. First, a broad overview of the hierarchy and the operations in the Stock Exchange; here the National Stock Exchange (NSE), the 2nd respondent in Civil Appeal No.31 of 2024, which appeal is taken as the lead case and the documents referred to therefrom, unless otherwise specified. The operations, of clearing and settlement of the various transactions are controlled by the NSE Clearing Corporation (NCL), a subsidiary of the NSE. The hierarchy in the NSE, is that, under its subsidiary, the NCL, termed the Clearing Corporation, there are three types of Clearing Members: Clearing Members (CM), Professional Clearing Members (PCM) and Self-Clearing Members (SCM). A CM does proprietary trades on its own account, has its own clients and also handles the proprietary trades of the TM and their clients. A Self- Clearing Member trades in its own account and also for and on behalf of its clients; while a PCM deals only with their constituent TMs and do not have proprietary trades or individual clients. The PCM is registered only with the NCL while CM and SCM are Page 2 of 56 Civil Appeal No.31 of 2024 etc. registered with the NSE and the NCL. The PCMs have as their constituents a number of TMs, who in turn have clients, the individual investors, who through their respective TMs carry out the operations in listed shares and other derivatives on the platform provided by the NSE. 3. As for the operations, a brief overview of the mechanism of the F&O Segment, as understood from the records is necessary. F&O Segment deals in major stock derivatives traded in the stock market, recognized under Section 18A of the Securities Contract (Regulations) Act, 19561. Though the F&O Segment operates in a complex manner, simply put, it allows investors to buy or sell or lock in the prices of, an underlying asset such as a stock, index or commodity at a future date without actually owning it. Contracts are entered for trading a stock asset at a pre-determined price, applicable on a later date. The NCL ensures that the money and security change hands safely on completion of the trade and the obligation of investors to each other are duly met. The NCL acts as a regulatory body in the operation of the trading platform of the NSE and provides a settlement guarantee to the participants. The investment made can lead to astronomical profits, without any 1 For short, the Securities Act Page 3 of 56 Civil Appeal No.31 of 2024 etc. actual purchase or sale being carried out, or lead to massive losses, often driving the speculators to penury. Quick money is the lure and therein lies the trap too. 4. The execution of derivatives contracts, in the F&O Segment as in any other trade and especially so for reason of its speculative nature, requires collaterals in the form of money/stock/securities. The clients, the individual investors place their collaterals with the TM while the TM in turn place their own or their client’s collateral, with the PCM. The PCM provides collaterals to the NCL and together this provides a settlement guarantee ecosystem, since every profit earned has a correspondi [Showing first 8,000 characters — download PDF for full document]