Board meeting held on October 01, 2025

Nuvama Wealth Management Limited's Board of Directors approved the incorporation of a wholly owned subsidiary in India and appointed Dr. Dinesh Soni as Group Head - Compliance, effective October 1, 2025. Additionally, the Nomination and Remuneration Committee granted 5,000 Employee Stock Appreciation Rights to eligible employees under the 'Nuvama Wealth Employee Stock Appreciation Rights Plan 2024'. Further details are provided in the annexures.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed
• Ideally, see, we'll have to grow it in line with the business. So anywhere between 20% to 30% is what we will (management committed by FY27)
• So, by end of year, it should have grown by INR1,800-2,000 crores is what ideally we would want to target. (management committed by FY27)