Wealth First Portfolio Managers Limited has informed the Exchange regarding Appointment of Mr Saurabh Sonthalia as Non- Executive Independent Director of the company w.e.f. August 04, 2025.
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At its August 4, 2025 meeting, the Board of Wealth First Portfolio Managers approved several key items. Three new Non-Executive Independent Directors were appointed for 5-year terms: Mr. Amit Trivedi (32 years in financial market training), Mr. Siddharth Shah (40 years in business and finance), and Mr. Saurabh Sonthalia (ex-Bank of America Merrill Lynch and AIG Asset Management India CEO). The Board also declared a First Interim Dividend of Rs. 4 per share (40%) for FY 2025-26 on 1,06,55,000 equity shares, totalling approximately Rs. 4.26 crore, with the record date set as August 8, 2025. Mr. Ashish Shah was re-appointed as Executive Managing Director for a further 3 years effective September 10, 2025. Additionally, M/s Kunal Sharma & Associates was appointed as Secretarial Auditor for 5 years, and Board committees were reconstituted.
Shareholders benefit from a Rs. 4 per share interim dividend and gain three new independent directors with strong financial services backgrounds, which should strengthen corporate governance. The re-appointment of the promoter MD provides leadership continuity, and no negative governance signals (resignations, debarments) were flagged.