Nuvama Wealth Management Limited

27%

re 1 For Immediate Publication Nuvama Group Reports Steady Q2 FY26; Wealth Businesses Lead with 27% YoY Profit Growth o Declared interim dividend of ₹ 70 per share for half year ended 30th Septemb

₹ 70

Steady Q2 FY26; Wealth Businesses Lead with 27% YoY Profit Growth o Declared interim dividend of ₹ 70 per share for half year ended 30th September 2025 o Announces sub-division of Equity Shares from ₹10

₹10

70 per share for half year ended 30th September 2025 o Announces sub-division of Equity Shares from ₹10 to ₹2 Face Value Mumbai, 4th November 2025: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA), o

₹2

share for half year ended 30th September 2025 o Announces sub-division of Equity Shares from ₹10 to ₹2 Face Value Mumbai, 4th November 2025: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA), one of

23%

t flows, and deepening relationships. Profit before tax from these segments rose 27% YoY in Q2 and 23% YoY in H1, underscoring the strength of Nuvama’s wealth platform. Other businesses sustained resil

4%

ulars - ₹ Cr Q2 FY25 Q2 FY26 YoY % H1 FY25 H1 FY26 YoY % Revenues 740 772 4% 1,407 1,542 10% Costs 392 437 12% 766 858 12% Operating Profit Before Tax (PB

10%

25 Q2 FY26 YoY % H1 FY25 H1 FY26 YoY % Revenues 740 772 4% 1,407 1,542 10% Costs 392 437 12% 766 858 12% Operating Profit Before Tax (PBT) 348 335 -4%

12%

1 FY25 H1 FY26 YoY % Revenues 740 772 4% 1,407 1,542 10% Costs 392 437 12% 766 858 12% Operating Profit Before Tax (PBT) 348 335 -4% 641 684 7% Operating

7%

92 437 12% 766 858 12% Operating Profit Before Tax (PBT) 348 335 -4% 641 684 7% Operating Profit After Tax (PAT) 258 254 -1% 479 518 8% Commenting on the performanc

1%

efore Tax (PBT) 348 335 -4% 641 684 7% Operating Profit After Tax (PAT) 258 254 -1% 479 518 8% Commenting on the performance Ashish Kehair, MD & CEO of Nuvama Group said, “In

8%

348 335 -4% 641 684 7% Operating Profit After Tax (PAT) 258 254 -1% 479 518 8% Commenting on the performance Ashish Kehair, MD & CEO of Nuvama Group said, “India’s long-term

₹518

the diversity of our revenue streams enhances resilience through cycles. Our H1 FY26 PAT stood at ₹518 Cr, up 8% YoY. Positive business momentum continues across Nuvama Wealth Management Limited Corpo

“+91 22 6620 3030 Annexure 2 NUVAMA Investor Presentation Q2 FY26 1 Contents 1 2 3 4 About Us Industry Overview Performance Update Strategy 2 Contents Summary 1.”

“ABOUT US with 27% YoY profit growth ▪ Nuvama reports steady Q2 FY26; Wealth Businesses lead 2.”

“INDUSTRY OVERVIEW o Wealth and Private businesses continued to drive growth in Q2 FY26.”

“MPIS: Managed Products & Investment Solutions 30 Nuvama Wealth: Performance Metrics Closing Client Assets (₹ Cr and YoY) Client Assets Composition (₹ Cr) MPIS Net New Money (₹ Cr and YoY) +8% 1,07,769 1,00,060 MPIS Loan Broking Others +34% 4,680 27,481 2,868 68,577 1,135 H1 FY25 34,935 +27% 3,494 3,980 67,947 907 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 0.88% 0.90% Yield on average assets 1.”

“Client assets stood at ₹ 1,07,769 Cr as at end of Q2 FY26, grew by 8% YoY led by flows in MPIS and loan book 2.”

“MPIS client assets, stood at ₹ 34,935 Cr as at end of Q2 FY26, grew at 27% YoY 3.”

“H1 FY26 NNM from MPIS remains strong at ₹ 4,680 Cr, grew by 34% YoY, led by sustained healthy flows in managed products 1.”

“Platform’s strength continues to drive capacity expansion and talent retention 35 Nuvama Private: Performance Metrics Closing Client Assets (₹ Cr and YoY) Client Assets Composition (₹ Cr) 1 Recurring NNM (₹ Cr and YoY) 2,05,764 +2% 2,10,805 ARR Earning Assets Transactional Assets 40,705 50,621 +24% 6,126 -13% 5,360 H1 FY25 H1 FY26 1,40,841 1,39,498 H1 FY25 0.87% H1 FY26 0.82% Yield on average ARR assets H1 FY25 H1 FY26 1.”

“Client assets stood at ₹ 2,10,805 Cr as at end of Q2 FY26, grew by 2% YoY 2.”

“ARR NNM remained strong at ₹ 5,360 Cr for H1 FY26, led by strong flows in managed products which equaled 19% of opening managed product assets 1.”

Nuvama Asset Services and Capital Markets

2

Investor Relations Advisors

1

Email

1

Improved market share

1

DISCLAIMER

1

NOTES

1

Investor Relations Advisors

Strategic Growth Advisors Private Limited Name: Mr. Rahul Agarwal / Mr. Abhishek Shah Contact: +91 98214 38864 / +91 99306 51660

Email

rahul.agarwal@sgapl.net abhishek.shah@sgapl.net 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 Annexure 2 NUVAMA Investor Presentation Q2 FY26 1 Contents 1 2 3 4 About Us Industry Overview Performance Update Strategy 2 Contents Summary 1. ABOUT US ▪ Strong institutional ownership: PAG (promoter of company), one of the largest Asia-based alternative investment managers 2. INDUSTRY OVERVIEW suite of offerings ▪ Integrated wealth management platform with exhaustive 3. PERFORMANCE UPDATE 4. STRATEGY ▪ Only established player with proven execution across Affluent, HNI and UHNI client segments ▪ High growth company with diversified and superior quality of earnings 3 ABOUT Nuvama Wide Presence ~3,400 employees across 100+ offices Strong Governance Experienced board and management team Client-first foundation S

Improved market share

~20% of relevant new clients in our select segments c) Won accolades: Recognized by global industry bodies as ‘The leading custodian’ and won many other awards WM: Wealth Management, AM: Asset Management, AS: Asset Services and CM: Capital Markets 42

Nuvama Asset Services and Capital Markets

Journey over years CLIENT ASSETS - ASSET SERVICES REVENUES - ASSET SERVICES 4Y CAGR 47% 91,156 1,26,046 1,25,164 15% 1,06,000 38,708 43,532 27,056 4Y CAGR 41% 655 329 167 171 158 24% 353 284 FY21 FY22 FY23 FY24 FY25 H1 FY25 H1 FY26 FY21 FY22 FY23 FY24 FY25 H1 FY25 H1 FY26 REVENUES - CAPITAL MARKETS 4Y CAGR 23% 759 389 336 331 476 422 19% 340 FY21 FY22 FY23 FY24 FY25 H1 FY25 H1 FY26 43

Nuvama Asset Services and Capital Markets

Performance Metrics Revenue - Asset Services (₹ Cr and YoY) Revenue - Capital Markets (₹ Cr and YoY) Profit Before Tax (₹ Cr and YoY) +24% 353 284 422 -19% 340 -1% 419 423 +5% 160 152 224 -28% 161 231 -16% 193 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 1. Asset Services Q2 revenues grew by 5% YoY - demonstrating resilience and sustained client engagement across segments 2. Capital Markets Q2 revenues were lower by 28% YoY, primarily due to moderation in secondary market volume 3. Strong traction on the Fixed Income side continues, led by robust market activity and enhanced client coverage 44 Doing it right ! Driving growth, earning recognition Recognized with prestigious awards for excellence o Most Effective Investment Service Offering - Private Banker International Global Wealth Awards 2025 o Highly Acclaimed: Best Private Bank for Alternative Investments - Global Private Banking Innovation Awards 2025 o Social Media Campaign Of th

DISCLAIMER

This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of Nuvama Wealth Management Limited or any of its subsidiaries, associate companies and joint ventures (“Nuvama”). Actual results may vary from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of Nuvama as well as the ability to implement its strategy. The information contained herein is as of the date referenced and Nuvama does not undertake any obligation to update these statements. Nuvama has obtained all market data and other information from sources believed to be reliable or are its internal estimates unless ot