Corporate Action-Board approves Dividend
WEALTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Wealth First Portfolio Managers reported FY26 standalone revenue of Rs. 6,910 Lacs (up 17% YoY) with net profit of Rs. 4,023 Lacs, growing 19% YoY. Consolidated revenue stood at Rs. 7,109 Lacs with net profit of Rs. 3,628 Lacs. The board recommended a 10% final dividend (Rs. 1 per share) on 1.07 crore shares, subject to shareholder approval at the 24th AGM. Additional approvals include increasing authorized share capital from Rs. 11 Cr to Rs. 12 Cr and constituting an Investment Committee. Statutory auditors M/s Jaimin Deliwala & Co. issued an unmodified (clean) audit opinion on both standalone and consolidated results.
Nearly 20% PAT growth and a dividend payout signal financial strength and shareholder-friendly approach. The authorized capital increase suggests the company is preparing for potential future expansion or acquisitions.