Wealth First Portfolio Managers Limited has informed the Exchange regarding Appointment of Mr Ashish Navnitlal Shah as Managing Director of the company w.e.f. September 10, 2025.
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Wealth First Portfolio Managers' board, at its August 4, 2025 meeting, approved several key items. The 23rd AGM is scheduled for September 5, 2025 via video conferencing. Three new Additional Independent Directors were appointed for 5-year terms: Mr. Amit Trivedi (32 years in financial market training), Mr. Siddharth Shah (40 years in finance and investments), and Mr. Saurabh Sonthalia (former CEO of AIG Asset Management India, ex-Bank of America Merrill Lynch). Mr. Ashish Navnitlal Shah was re-appointed as Executive Managing Director (Promoter) for 3 years from September 10, 2025 to September 9, 2028. The board declared a first interim dividend of 40% (Rs. 4 per share on face value of Rs. 10) on 1,06,55,000 shares, amounting to approximately Rs. 4.26 crores, with record date set as August 8, 2025. M/s Kunal Sharma & Associates was appointed as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), and board committees were reconstituted effective August 5, 2025.
Shareholders benefit from a healthy 40% interim dividend (Rs. 4 per share), reflecting strong cash generation. The appointment of three experienced independent directors strengthens board oversight, while the MD's continuation as promoter provides leadership stability. The committee reconstitution suggests prior director resignations, which investors should monitor for any underlying concerns.