Nuvama Wealth Management (NUVAMA) — Voting Results

Nuvama Wealth Management Limited convened a shareholders meeting via postal ballot to seek approval for two special resolutions: granting Employee Stock Appreciation Rights (ESAR) to employees of subsidiary and associate companies, and revising remuneration terms for Managing Director Ashish Kehair and Executive Director Shiv Sehgal. The voting period ran from July 3 to August 1, 2026, using remote e-voting through MUFG Intime. The ESAR scheme proposes issuing 1.37 million units with estimated dilution of 3.0%-3.5%, while remuneration includes salary caps of ₹5.50 crores for Kehair and ₹4 crores for Sehgal, with performance bonuses up to 3x salary and annual increments capped at 12%.

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About Nuvama Wealth Management Limited (NUVAMA)

Financial Services · Capital Markets · Listed on NSE

Market Cap: ₹26,570.9 Cr P/E: 29.2

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