Wealth First Portfolio Managers Ltd

Acquisition details

• Target: Lakshya Trustee Private Limited, Trustee company for asset management, India; wholly-owned subsidiary.
• Investment size: Rs 1,00,00,000 via 10 lakh NCNRPS shares at Rs 10 each.
• Consideration: cash via right issue; Rs 10 per share.
• Regulatory approvals: not applicable.
• Timeline: Already completed.
• Related party: Yes; subsidiary and related party; arm's length basis.
• Industry: Trustee company for asset management.
• Purpose: meet admin and general business needs for trustee activities.
• Background: Trustee for funds; India; turnover 0; PAT negative.
• Post-acquisition holding: 100% equity and voting rights.

AGM Details

• AGM held on 24 September 2026 at 04:00 PM via VC/OAVM.

Key resolutions

• Adoption of audited standalone and consolidated financial statements; ordinary resolution passed.
• Interim dividend for FY 2025-26 approved; ordinary resolution passed.
• Final dividend for FY 2025-26 declared at Rs 1.00 per share; ordinary resolution passed.
• Re-appointment of non-independent director by rotation; ordinary resolution passed.
• Approval for payment of commission to non-executive director; special resolution passed.
• Approval for material related party transaction; ordinary resolution passed.
• Increase in authorized capital and alteration of MOA capital clause; ordinary resolution passed.

Dividend

• Interim dividend for FY 2025-26 approved; amount not disclosed in the document.
• Final dividend of Rs 1.00 per equity share declared for FY 2025-26.

Director changes

• Ms. Binal Bhukhanwala Gandhi re-appointed as non-executive director on rotation.

Material related party transactions

• Approval for material related party transactions approved; counterparty details not specified in document.

AGM Details

• Date and time: 24 September 2026, 04:00–04:15 IST; mode: VC/OAVM.
• Quorum present as per Section 103 of Companies Act, 2013.
• Remote e-voting offered; voting window Sep 21–23, 2026.
• Meeting concluded at 04:15 PM IST.
• Conducted via VC/OAVM per MCA/SEBI circulars.

Key Resolutions

• Adoption of standalone and consolidated financial statements for FY 2025-26.
• Confirmation of Interim Dividend for FY 2025-26.
• Declaration of Final Dividend of Rs. 1.00 per equity share (10%) for FY 2025-26.
• Re-appointment of Ms. Binal Bhukhanwala Gandhi as Non-Executive and Non-Independent Director on rotation.
• Approval for payment of commission to Ms. Binal Bhukhanwala Gandhi.
• Approval of Material Related Party Transaction proposed to be entered into by the Company.
• Approval of increase in Authorized Capital and MOA capital clause alteration.

Voting Status

• Voting results to be submitted later; Scrutinizer report awaited.

Dividends

• Interim dividend for FY 2025-26 confirmed (amount undisclosed).
• Final dividend of Rs 1.00 per equity share (10%) for FY 2025-26 declared.

Wealth First Portfolio Managers Limited: Trading Window closed from 01 October 2026 till 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30 September 2026.

Meeting Details

• Date & time: 17 September 2026, 4:00 pm onwards
• Nature: Group Meeting
• Mode: Virtual
• Organiser: Wealth First Portfolio Managers Limited

Participants

• Key company participant: Managing Director

Purpose

• Purpose: Analyst/institutional investor meet to discuss publicly available information
• No UPSI will be discussed

Executive snapshot

• FY26 standalone revenue ₹68.4 Cr; consolidated ₹71.1 Cr total revenue.
• Consolidated PAT ₹38.3 Cr; standalone PAT ₹40.23 Cr.
• AUA ₹12,157 Cr; trail-based AUM ₹5,558 Cr.
• Cost-to-income ratio 29.9%; underlying core wealth business 20-25%.
• Total dividend per share ₹13; payout policy min 30% of consolidated PAT.

Financial performance

• EBITDA FY26: ₹52.11 Cr (consolidated).
• Q4 FY26 revenue from operations ₹16.5 Cr; PAT ₹10.5 Cr.
• Net worth: standalone ₹1,508.11 Cr; consolidated ₹1,701.02 Cr.
• Total revenue growth driven by wealth management, insurance, and PMS segments.
• AUA mix: mutual funds ₹5,392 Cr; bonds ₹4,014 Cr; direct equity ₹2,272 Cr.

New platforms & strategy

• Lakshya Asset Management final SEBI approval; Wealth First 69.70% stake; approx ₹41 Cr invested.
• Lakshya AMCs operations; merging heritage with Wealth First platform.
• Wealthshield Insurance Brokers licensed; premium book ₹78 Cr; YoY +30%.
• NRI PMS launched targeting US/Canada; early demand confirmed.
• WFAPL acquisition: Phase I 51% for ₹52.10 Cr; Phase II 49% by 2030.

Growth & acquisitions

• Combined platform AUM ~₹9,000 Cr; target ₹20,000 Cr in 5 years.
• Mumbai expansion via WFAPL; over 30% of revenue now from outside Gujarat.
• Acquisitions to create integrated, multi-vertical financial services institution.
• ERP and regulatory licenses in Lakshya and Wealthshield to scale cross-sell.

Capital structure & dividends

• Authorized capital increased to ₹12 Cr; paid-up ₹10.66 Cr.
• Interim dividends: three ₹4 per share; final ₹1 per share for FY26.
• Final dividend proposal ₹1 per share for FY26; payout subject to AGM approval.

Geography & client base

• Geographic expansion to Mumbai, Pune, Surat; 30% outside Gujarat.
• 21,746 direct clients; client families 6,889; 65% with >10 years.
• Digital platforms expand access to non-m Metro markets (B30).

Governance & risk

• Board additions: Amit Trivedi, Siddharth Shah, Saurabh Sonthalia joined Aug 2025.
• Resignations: Rajan Mehta and Sanjiv Shah resigned Oct 2025; Devanshu Mehta retired Sept 2025.
• Binal Gandhi shifted from Independent to Non-Executive Non-Independent Nov 2025.
• Audit committee and internal controls strengthened with Lakshya and Wealthshield expansions.

Subsidiaries & corporate structure

• Subsidiaries: Lakshya Asset Management (69.69%), Lakshya Trustee (100%), Wealthshield Insurance Brokers (100%), Wealth First Investment Advisers (100%).
• WFAPL acquisition will consolidate platform; Lakshya AMC and Wealthshield integrated into Wealth First.
• Form AOC-1 details subsidiaries; five entities under the group.

CSR & ESG

• CSR spend FY26: approximately ₹7.80 Cr; 11+ projects across education, health, environment.
• CSR committee: chaired by Ashish Shah; 1 meeting held in FY26.

AGM details

• Date and time: 24 September 2026, 04:00 PM IST via VC/OAVM.
• Mode: VC/OAVM; no physical attendance.
• Record date for final dividend eligibility: 17 September 2026.
• Cut-off date for e-voting eligibility: 17 September 2026.
• Remote e-voting window: 21–23 September 2026 until 5:00 PM.
• Final dividend, if approved, payable within 30 days from the AGM.

Resolutions

• Item 1: Ordinary—Adopt standalone and consolidated financial statements and reports.
• Item 2: Ordinary—Confirm three interim dividends for FY2025-26.
• Item 3: Ordinary—Declare final dividend of Rs 1.00 per share.
• Item 4: Ordinary—Re-appoint director retiring by rotation.
• Item 5: Special—Approve commission to director up to 1% of net profits.
• Item 6: Ordinary—Approve material RPT with promoter group up to Rs 52.10 Cr.
• Item 7: Ordinary—Increase authorized share capital and amend MOA.

Dividend

• Interim dividends declared: Rs 4.00 per share (three payments).
• Final dividend: Rs 1.00 per share.
• Record date: 17 September 2026.
• Dividend payable within 30 days if approved.

Director changes

• Re-appointment of Ms. Binal Bhukhanwala Gandhi (Non-Executive, Non-Independent) retiring by rotation.

Material related party transactions

• Proposed RPT with Wealth First Advisors Private Limited up to Rs 52.10 Crores in aggregate.

Capital and MOA changes

• Increase authorized capital from Rs 11.00 Crores to Rs 12.00 Crores.
• Alter MOA to reflect new authorized capital.

Voting status

• Voting results not disclosed in this filing.

Key dates and actions

• Record Date for final dividend on equity shares: 17 September 2026.
• AGM scheduled on 24 September 2026 via video conference / OAVM.
• Final dividend, if approved, will be paid/dispatched within 30 days from the AGM.
• Cut-off date for e-voting eligibility is 17 September 2026.
• Remote e-voting period runs 21–23 September 2026 until 05:00 PM.
• E-Voting facility available for remote voting and during the AGM.
• Security: equity shares.