Wealth First Portfolio Managers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 05, 2025
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Wealth First Portfolio Managers Limited has called its 23rd Annual General Meeting for September 5, 2025 at 4:00 PM IST, to be held via video conferencing. The record date is fixed as August 29, 2025, and shareholders will be eligible for a final dividend of ₹4 per equity share (face value ₹10), taking total FY25 dividends to ₹16 per share (including two interim dividends of ₹8 and ₹4 already paid). Remote e-voting will be open from September 2 to September 4, 2025. Key AGM agenda includes appointing three new independent directors, re-appointing Managing Director Ashish Shah for three years with remuneration up to ₹80 lakhs plus commission, and engaging new secretarial auditor for five years. Shareholders will also vote on raising the Section 186 investment/loan limit to ₹250 crores and approving related party transactions worth up to ₹70 crores per year for three years with entities including Dalal and Shah Fiscal Services and Lakshya Asset Management.
The proposed total dividend of ₹16 per share on a ₹10 face value (160% payout) reflects strong cash returns to shareholders. The proposed increase in related party transaction limits and Section 186 investment threshold of ₹250 crores gives management significantly expanded financial flexibility, which investors should monitor for governance implications.