Wealth First Portfolio Managers Limited has informed the Exchange regarding Appointment of Mr Amit Maheshkumar Trivedi as Non- Executive Independent Director of the company w.e.f. August 04, 2025.
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At its August 4, 2025 board meeting, Wealth First Portfolio Managers approved the appointment of three new Non-Executive Independent Directors — Mr. Amit Trivedi, Mr. Siddharth Shah, and Mr. Saurabh Sonthalia — each for a 5-year term ending August 3, 2030. Mr. Sonthalia brings over 30 years of financial services experience, including senior roles at Bank of America Merrill Lynch and as CEO of AIG Asset Management in India. The board also re-appointed Mr. Ashish Shah (Promoter) as Executive Managing Director for 3 more years through September 9, 2028. The company declared its first interim dividend for FY 2025-26 at Rs. 4.00 per share (40% on face value of Rs. 10) on 1,06,55,000 shares, totaling approximately Rs. 4.26 crore, with a record date of August 8, 2025. Additionally, M/s Kunal Sharma & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The 23rd AGM has been scheduled for September 5, 2025, and board committees were reconstituted effective August 5, 2025.
The fresh inflow of three independent directors strengthens board oversight and governance, while the Rs. 4.00 per share interim dividend signals healthy cash generation and shareholder returns. Re-appointment of the promoter MD provides leadership continuity, and the new independent directors — especially the high-profile Mr. Sonthalia — may be viewed positively by the market for adding financial services expertise to the board.