Wealth First Portfolio Managers Limited has informed the Exchange about Acquisition
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Wealth First Portfolio Managers Limited has incorporated a wholly-owned subsidiary named 'Lakshya Trustee Private Limited' on 20th June 2025, registered in Ahmedabad, Gujarat. The new subsidiary has an authorized and paid-up share capital of Rs. 10 lakhs, divided into 1 lakh equity shares of Rs. 10 each, fully subscribed by the company at face value in cash. The WOS will operate as a Trustee/Nominee for funds of Asset Management Companies and is yet to commence business operations. The investment is treated as a related party transaction but has been carried out at arm's length.
This is a small, routine corporate structuring move (Rs. 10 lakh capital) to set up a trustee arm for AMC-related business, with limited immediate financial impact on shareholders. The move signals a focused expansion into trustee services supporting asset management operations, but the subsidiary is not yet operational, so no material earnings impact is expected in the near term.