Wealth First Acquires ₹1 Crore Preference Shares in Wholly-Owned Subsidiary Lakshya Trustee
Wealth First Portfolio Managers Limited acquired 10,00,000 preference shares in its wholly-owned subsidiary, Lakshya Trustee Private Limited, for ₹1 Crore. The investment was made via a Right Issue to meet operational requirements. Lakshya Trustee reported ₹0 turnover and a PAT of (₹9,22,700) for FY 2025-26.
The investment amount of ₹1 Crore is relatively small compared to the overall scale of Wealth First Portfolio Managers Limited, and it pertains to a wholly-owned subsidiary, thus having a limited direct impact on the parent company's financial performance or market position.
The acquisition of preference shares in a wholly-owned subsidiary is a routine corporate action to fund its operations and does not inherently represent a significant positive or negative development for the parent company.
Wealth First Portfolio Managers Limited has announced the acquisition of 10,00,000 Non-Convertible Non-Cumulative Redeemable Preference Shares of face value ₹10 each, at an issue price of ₹10 per share, for a total consideration of ₹1,00,00,000 (Rupees One Crore). This investment was made through the Right Issue of its wholly-owned subsidiary, Lakshya Trustee Private Limited.
This acquisition completes Wealth First's investment of ₹1,00,00,000 in Lakshya Trustee Private Limited. Following this allotment, Lakshya Trustee Private Limited continues to be the wholly-owned subsidiary of Wealth First, with no changes in shareholding, control, or ownership.
Lakshya Trustee Private Limited is a Trustee Company of an Asset Management Company and its activities include acting as Trustee/Nominee for funds of all kinds for Lakshya Asset Management Private Limited. The company has an authorized and paid-up share capital of ₹1,10,00,000, comprising equity shares and preference shares. For FY 2025-26, its turnover was reported as ₹0, with a Profit After Tax (PAT) of (₹9,22,700) and a Net Worth of ₹77,300.
The investment was made to meet administrative, general business, and operational requirements for Lakshya Trustee's activities. The transaction was conducted on an arm's length basis, and necessary approvals from the Audit Committee and Board of Directors have been obtained. The acquisition was completed on 28th September 2026.
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Wealth First Portfolio Managers Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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