Wealth First Portfolio Managers Ltd

Wealth First Portfolio Managers Limited will hold its 24th Annual General Meeting on September 24, 2026, at 4:00 PM IST via video conference, and has set September 17, 2026, as the record date for determining eligibility for a final dividend on equity shares for the financial year ended March 31, 2026, if approved. The company will provide e-voting facilities for shareholders, with remote e-voting commencing on September 21, 2026, and ending on September 23, 2026, at 5:00 P.M.

Wealth First Portfolio Managers Limited announced that its Board of Directors approved the convening of the company's 24th Annual General Meeting on September 24, 2026, at 4:00 P.M. IST via video conferencing or other audio visual means, and also approved the Notice of the meeting, the Board of Directors Report and its Annexures for the financial year 2025-26; CS Kunal Sharma, Proprietor of Kunal Sharma & Associates, was appointed as the Scrutinizer for the E-Voting process.

Wealth First Portfolio Managers Ltd share price slipped 3.64% to Rs 925.0 after the company's net profit softened by 0.67% to Rs 10.42 crore, while revenue from operations declined 13.26% to Rs 14.32 crore in Q2FY26 over Q1FY26. The market capitalization of Other Financial Services industry group stocks on BSE stood at Rs 63565.43 crore, rallying 20.28%. It has slipped by 0.62% over last one week and ticked higher by 4.76% in last one month while the market capitalization of Wealth First Portfolio Managers Ltd has eased by 4.54% and 1.49% in the same period respectively. Profit before tax (PBT) of Wealth First Portfolio Managers Ltd stood at Rs 13.74 crore in Q2 FY26, plunging by 36.06% year-on-year, and declining 0.15% quarter-on-quarter. EBITDA came in at Rs 5 crore, tumbling by 78.39% YoY and tanking 51.72% sequentially. Total expenses saw a slight increase of 7.36% to Rs 5.25 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 2.94 crore, witnessing a strong rise of 12.64% YoY. For the TTM ended FY26, revenue from operations declined slightly by 2.15% to Rs 53.16 crore, while net profit declined by 19.99% to Rs 34.15 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 2952% to Rs 33.17 crore, and PBT contracted 18.59% to Rs 45.12 crore compared to previous TTM. Wealth First Portfolio Managers Ltd tumbled by 22.07% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

Wealth First Portfolio Managers Limited will hold a board meeting on Thursday, August 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with limited review reports, the company said in a filing with the National Stock Exchange of India Ltd. and BSE Limited.

Wealth First Portfolio Managers announced the acquisition of controlling interest in a Mumbai-based firm, Wealth First Advisors (WFAPL), a wealth management and distribution firm, at an equity valuation of Rs 102.15 crore. The acquisition significantly strengthens Wealth First's presence in India's largest wealth management market and takes the combined business to nearly Rs 9,000 crore in assets under management. More importantly, it marks a significant milestone in the firm's evolution from a western India focused practice into a national financial services institution. Anchored in wealth and asset management, Wealth First is steadily building an integrated financial services platform designed to serve clients across their evolving investment and wealth creation needs. Under the agreement, Wealth First will first acquire a 51% stake in WFAPL through a combination of internal accruals and a share swap, upon execution of the requisite transaction documents. The remaining 49% will be acquired at a future date based on WFAPL's valuation as on 31 March 2029, and is proposed to be settled entirely through a share swap. The acquisition follows Wealth First's strategic entry into asset management earlier this year through its sponsorship of Lakshya Asset Management. While that initiative strengthened the firm's manufacturing capabilities, the acquisition of WFAPL expands its advisory and distribution franchise.

Wealth First Portfolio Managers announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Wealth First Portfolio Managers reported to Rs 10.52 crore in the quarter ended March 2026 as against net loss of Rs 4.29 crore during the previous quarter ended March 2025. Sales reported to Rs 16.51 crore in the quarter ended March 2026 as against Rs -3.26 crore during the previous quarter ended March 2025. For the full year,net profit rose 13.21% to Rs 38.66 crore in the year ended March 2026 as against Rs 34.15 crore during the previous year ended March 2025. Sales rose 28.65% to Rs 68.39 crore in the year ended March 2026 as against Rs 53.16 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales16.51-3.26 LP 68.3953.16 29 OPM %71.11191.10 -72.2575.58 - PBDT13.88-5.30 LP 52.0746.99 11 PBT13.76-5.41 LP 51.6946.63 11 NP10.52-4.29 LP 38.6634.15 13 Powered by Capital Market - Live

Wealth First Portfolio Managers will hold a meeting of the Board of Directors of the Company on 29 May 2026.

The approval allows Lakshya AMC to act as an asset management company and roll out mutual fund offerings, marking a key expansion into the asset management space. The new venture will be led by former Benchmark AMC executives, known for pioneering ETF products such as Nifty BeES in India. The move signals Wealth First's intent to diversify its financial services portfolio and tap into the fast-growing passive investing segment, where penetration remains relatively low compared to global markets. The development comes at a time when India's mutual fund industry has expanded sharply to over Rs 82 lakh crore in assets under management, though passive investing still accounts for only about 19-20% of total AUM, indicating significant growth potential. Ashish Shah, managing director of Wealth First Portfolio Managers, said: This approval represents a major step forward in expanding our financial services portfolio and strengthens our long-term commitment to providing comprehensive and accessible investment solutions. Our focus in this AMC will be to identify gaps in the investment landscape and build products that effectively address those needs. We believe there is significant opportunity to create differentiated offerings that deliver meaningful value to investors. Wealth First Portfolio Managers is a wealth management company, offering portfolio management and financial advisory services to a wide range of clients. On a consolidated basis, Wealth First Portfolio Managers' net profit declined 87.92% to Rs 1.12 crore while total income declined 60.63% to Rs 6.78 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Wealth First Portfolio Managers announced that its subsidiary, Lakshya Asset Management has received approval and final license dated 25 March 2026 from the Securities and Exchange Board of India (SEBI) to act as the Asset Management Company (AMC) for launching and managing the Mutual Fund.Powered by Capital Market - Live