1:5 Stock Split, Rs 70 Dividend: This company announces double treat for investors—Record date fixed

1:5 Stock Split, Rs 70 Dividend: Nuvama Wealth Management on Tuesday announced a 1:5 stock split and an interim dividend of Rs 70 per share, alongside its Q2 FY26 results. The record date for dividend eligibility is November 11, 2025, while the record date for the stock split will be announced later.

1:5 Stock Split

Under the approved stock split, each fully paid-up equity share of face value Rs 10 will be subdivided into five equity shares of Rs 2 each. The move aims to enhance liquidity and improve retail participation in Nuvama shares.

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Rs 70 Interim Dividend

The company also declared an interim dividend of Rs 70 per equity share for FY26. Shareholders holding the stock before November 11 will be eligible for the payout, which is expected on or before December 3, 2025, after applicable taxes.

200 Cr Rights Issue

In a separate development, the board approved an investment of Rs 200 crore in Nuvama Wealth Finance, its subsidiary, through a rights issue.

Q2 FY26 Financial Performance

For the July–September quarter, Nuvama reported revenue from operations of Rs 1,138 crore, a rise of 7.6 per cent year-on-year compared to Rs 1,057 crore in the same period last year. Sequentially, revenue grew 1 per cent from Rs 1,125 crore in Q1 FY26.

However, net profit slipped 1.4 per cent YoY to Rs 254 crore from Rs 258 crore and declined 3.7 per cent quarter-on-quarter from Rs 264 crore.

Nuvama Share Price

At Tuesday’s close, Nuvama shares settled at Rs 7,148 on the NSE. The stock has declined 2.56 per cent in the past five sessions but remains up 21.68 per cent over the last six months. Year-to-date, the stock is higher by 2.58 per cent, while it has delivered a strong 197.48 per cent return over the past five years.