General Updates

NWML/SEC/2027/64 November 6, 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 Sub: Outcome of the Board Meeting held on November 6, 2026 Dear Sir/Madam, Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company at their Meeting held today, inter-alia, considered and approved: a. unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026; b. investment of an amount not exceeding Rs. 400 crores, in one or more tranches, through subscription in the equity shares of Nuvama Wealth Finance Limited (“NWFL”), a wholly owned material subsidiary of the Company. c. investment of an amount not exceeding Rs. 300 crores, in one or more tranches, through subscription in the equity shares of Nuvama Wealth and Investment Limited (“NWIL”), a wholly owned material subsidiary of the Company. Accordingly, we have enclosed the following: i. Earnings Release containing update on the aforesaid unaudited financial results for the quarter and half year ended September 30, 2026 as Annexure A; ii. Unaudited Consolidated and Standalone Financial Results along with the Limited Review Reports for the quarter and half year ended September 30, 2026, pursuant to Regulation 33 and 52 of the Listing Regulations as Annexure B; iii. Disclosure in accordance with Regulation 52(4) of the Listing Regulations in respect of the listed Commercial Papers issued by the Company, forming 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 part of the aforesaid unaudited Financial Results annexed to Annexure B (Consolidated and Standalone); iv. Details with respect to investment in NWFL required to be disclosed under Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”) as Annexure C. v. Details with respect to investment in NWIL required to be disclosed under Regulation 30 read with Schedule III of the Listing Regulations and the SEBI Circular as Annexure D. The disclosure of Related Party Transactions pursuant to the provisions of Regulation 23 (9) of the Listing Regulations is being filed as a part of Integrated Filing (Financial) with the Stock Exchanges through XBRL Mode. The Financial Results are also available on the Stock Exchange websites at www.nseindia.com and www.bseindia.com and on the website of the Company at www.nuvama.com. The Meeting of the Board of Directors commenced at 11:00 a.m. and concluded at 1:55 p.m. Kindly take the same on record. Thanking you, Yours faithfully, 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 A Earnings Release For Immediate Publication Nuvama delivers another quarter of diversified growth; Q2 PAT up 26% YoY to ₹319 Cr o H1 PAT reaches ₹625 Cr o Client Assets reach ₹5.5 trillion Mumbai, 6th November 2026: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA), one of India’s leading wealth management companies, announced its financial results for the quarter and half year ending 30th September 2026. Nuvama Group continued to deliver strong and diversified growth in Q2 and H1 FY27, underpinned by the strength of its integrated wealth management platform. Operating profit grew 26% YoY to ₹319 Cr in Q2 FY27 while H1 FY27 rose 21% YoY to ₹625 Cr. Wealth Management continued its track record of consistent compounding, with profits growing 22% YoY in Q2 and net flows reaching record levels. Asset Services maintained strong momentum, while Capital Markets delivered a healthy performance supported by a diversified revenue mix. Reflecting continued client confidence, client assets reached ₹5.5 trillion, up 25% YoY, while MPIS and ARR client assets across Nuvama Wealth and Private increased 27% YoY to nearly ₹1.1 trillion. Nuvama Group’s Consolidated Performance Q2 Q2 H1 H1 Particulars - ₹ Cr YoY % YoY % FY27 FY26 FY27 FY26 Revenues 937 772 21% 1,846 1,542 20% Costs 507 437 16% 1,008 858 17% Operating Profit After Tax 319 254 26% 625 518 21% Business Segment Wise Profit Before Tax Q2 Q2 H1 H1 Particulars - ₹ Cr YoY % YoY % FY27 FY26 FY27 FY26 Wealth Management 184 151 22% 332 274 21% Asset Services and Capital Markets 259 193 34% 527 419 26% Note: Operating PAT excludes one-time charge of ₹16 Cr related to the pre-closure of Venture Debt Fund in Asset Management business. Reported Q2 FY27 PAT stood at ₹304 Cr, up 19% YoY. 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 400051 • Tel No. +91 22 6620 3030 Page 1 of 3 Commenting on the performance Ashish Kehair, MD & CEO of Nuvama Group said, “We delivered another quarter of strong performance, with Q2 operating profits growing 26% YoY and RoE remaining strong at ~29%. Wealth Management continued its track record of consistent compounding with record net flows, Asset Services sustained strong momentum, and Capital Markets delivered a healthy performance despite a softer market environment. While we are pleased with our progress, we remain in the early innings of a much larger opportunity. The structural shifts underway are expanding both the size and depth of the addressable market across each of our businesses. We believe Nuvama is uniquely positioned to benefit from these trends. Over the years, we have built scaled and profitable franchises across our business segments. While each segment is independently strong, the real advantage lies in how they work together. The synergies create a powerful ecosystem that is difficult to replicate. We believe the full value of this integrated platform is only beginning to emerge. At the heart of this franchise are our people. Our ability to attract, develop and retain high- quality talent remains one of our most important competitive advantages. As we look ahead, we remain focused on building an institution that delivers enduring value for clients, employees and shareholders alike." Key Highlights 1. Wealth Management a) Revenues: ₹501 Cr in Q2, grew by 14% YoY and ₹948 Cr in H1 FY27, grew by 16% YoY b) PBT: ₹184 Cr in Q2, grew by 22% YoY and ₹332 Cr in H1 FY27, grew by 21% YoY c) Client Assets: Stood at ₹3,71,129 Cr as at end of Q2, grew by 16% YoY d) Nuvama Wealth: o Revenues: ₹275 Cr in Q2, grew by 14% YoY, and ₹525 Cr in H1 FY27, grew by 13% YoY, driven by sustained momentum in MPIS and growth in NII o PBT: ₹102 Cr in Q2, grew by 21% YoY and ₹191 Cr in H1 FY27, grew by 20% YoY, supported by operating leverage, with cost-to-income ratio improving by 200 bps YoY to 63% in Q2 o Net flows: Delivered highest-ever quarterly MPIS NNM of ₹3,289 Cr. H1 NNM stood at ₹6,333 Cr, equivalent to 16% of opening MPIS assets e) Nuvama Private: o Revenues: ₹226 Cr in Q2, grew by 15% YoY and ₹424 Cr in H1 FY27, grew by 20% YoY driven by strong growth in ARR revenues. ARR revenues grew 60% YoY in Q2 o PBT: ₹82 Cr in Q2, grew by 24% YoY and ₹141 Cr in H1 FY27, grew by 23% YoY o Ne [Showing first 8,000 characters — download PDF for full document]