Wealth First Board Approves Audited Results, Recommends 10% Final Dividend
Wealth First Portfolio Managers Limited approved audited standalone and consolidated financial results for FY26. The Board recommended a 10% final dividend (₹1.00 per share) for FY26, pending shareholder approval at the 24th AGM. M/s H D Panchal & Co was re-appointed as Internal Auditors. Authorized share capital to be increased from ₹11 Cr to ₹12 Cr.
The approval of financial results and recommendation of a dividend are material events for shareholders. The proposed increase in authorized share capital and commission for a director are also significant corporate actions.
The company reported its financial results and recommended a dividend, which are positive indicators for shareholders. The re-appointment of auditors and approval of commission for a director are routine corporate actions.
Wealth First Portfolio Managers Limited announced the outcome of its Board Meeting held on May 29, 2026. The Board approved the audited standalone and consolidated financial results for the fourth quarter and the financial year ended March 31, 2026, along with an unmodified audit report from M/s Jaimin Deliwala & Co.
Furthermore, the Board recommended a final dividend of 10%, or ₹1.00 per equity share of face value ₹10, for the financial year ended March 31, 2026. This recommendation is subject to the approval of the shareholders at the upcoming 24th Annual General Meeting. The dividend will be dispatched within 30 days of its declaration at the AGM.
In other key decisions, the company re-appointed M/s H D Panchal & Co as Internal Auditors for the Financial Year ending March 31, 2027. The Board also approved the payment of commission to Non-Executive Non-Independent Director Ms. Binal Bhukhanwala Gandhi, up to one percent of the net profits, subject to shareholder approval. Additionally, the company proposed an increase in its authorized share capital from ₹11 Crore to ₹12 Crore, also requiring shareholder consent. An Investment Committee was also constituted, effective May 30, 2026.
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Wealth First Portfolio Managers Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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