Disclosure under SEBI Takeover Regulations

Nuvama Wealth Management Limited has announced a disclosure filed by PAGAC Ecstasy Pte Ltd, a promoter group entity, under SEBI Takeover Regulations 31(4). The disclosure explicitly states that the company's Promoters, Promoter Group, and persons acting in concert have not encumbered any of their shareholding. For investors, this signifies stability regarding the promoter's stake. It indicates no immediate pledging or selling of shares by the core ownership group, potentially reassuring about the long-term commitment of the promoters.