Wealth First Portfolio Managers Limited has informed the Exchange regarding Appointment of Mr Siddharth Arvindkumar Shah as Non- Executive Independent Director of the company w.e.f. August 04, 2025.
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The board, at its meeting on August 4, 2025, approved multiple key items. Three new Non-Executive Independent Directors were appointed for 5-year terms: Mr. Amit Trivedi (32 years in financial market training and education), Mr. Siddharth Shah (40 years across labour laws, business setup, and finance), and Mr. Saurabh Sonthalia (former MD/India Head of Capital Markets at Bank of America Merrill Lynch and ex-CEO of AIG Asset Management India). Mr. Ashish Shah (Promoter) was re-appointed as Executive Managing Director for 3 years (September 10, 2025 to September 9, 2028). The board also declared a first interim dividend of 40% (Rs. 4 per share) on 1,06,55,000 equity shares, totalling approximately Rs. 4.26 crores, with August 8, 2025 fixed as the record date. M/s Kunal Sharma & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and the 23rd AGM was scheduled for September 5, 2025.
The 40% interim dividend (~Rs. 4.26 crores payout) is a positive signal for shareholders, with eligible investors getting Rs. 4 per share if held on the August 8 record date. The appointment of three new independent directors with strong financial services backgrounds and the re-appointment of the promoter-MD provide governance continuity.