Meeting Details

  • Date: Saturday, 21st November, 2026
  • Time: 02:00 PM IST
  • Mode: Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Venue: Deemed to be Registered Office at Capitol House, 10 Paras-II, Near Campus Corner, Prahaladnagar, Anand Nagar, Ahmedabad, Gujarat -380015
  • Cut-off Date: Saturday, 14th November, 2026 to determine shareholder eligibility

Proposed Resolutions and Implications

Item No. 1 - Special Resolution: Preferential Allotment for Consideration Other Than Cash

The company seeks approval to issue and allot upto 1,36,575 Equity Shares of face value ₹10/- each at an issue price of ₹885.89/- per share (including premium of ₹875.89/-) aggregating to ₹12.10 Crores. This is for acquisition of upto 48,603 equity shares (11.84% stake) in Wealth First Advisors Private Limited (WFAPL) through share swap arrangement.

Allottee Details:

  • Ashish Navnitlal Shah (Promoter): 1,06,536 equity shares for 37,913 WFAPL shares (9.24% stake)
  • Nimesh Narendra Kenia (Non-Promoter): 23,191 equity shares for 8,253 WFAPL shares (2.01% stake)
  • Rakesh Pravinchandra Mehta (Non-Promoter): 6,848 equity shares for 2,437 WFAPL shares (0.59% stake)

Key Terms:

  • Relevant Date for pricing: Thursday, 22nd October, 2026
  • Shares to rank pari-passu with existing equity shares
  • Allotment to be completed within 15 days of resolution passing
  • Lock-in period as per SEBI ICDR Regulations, 2018
  • Pre-preferential shareholding of allottees also subject to lock-in

Item No. 2 - Ordinary Resolution: Related Party Transaction Approval

Approval sought for material related party transactions with Lakshya Asset Management Private Limited (subsidiary) not exceeding ₹60,00,00,000/- (₹60 Crores) aggregate value. Transactions include Sale/Purchase/Loans/Contracts/Arrangements/Investments/Transactions/Transfer of Resources including Brokerage/Distribution Income receivable.

Voting Process and Methods

  • Remote e-voting period: Wednesday, 18th November, 2026 (09:00 AM) to Friday, 20th November, 2026 (05:00 PM)
  • E-voting during EGM also available
  • Bigshare Services Private Limited appointed as e-voting agency
  • Multiple login methods provided for demat account holders (CDSL/NSDL) and physical shareholders
  • No physical proxy facility available due to VC/OAVM meeting

Scrutinizer Appointment and Role

Mr. Kunal Sharma, Practicing Company Secretary (Membership No: FCS 10329, COP No: 12987) appointed as scrutinizer to:

  • Scrutinize remote e-voting process and e-voting during EGM
  • Issue consolidated scrutinizer's report within 48 hours of meeting conclusion
  • Declare results of voting

Compliance Statements

The company confirms compliance with:

  • Companies Act, 2013 and Rules framed thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • MCA and SEBI circulars for conducting meetings through VC/OAVM

Additional Financial Information

Valuation Details:

  • Independent valuation by Den Valuation (OPC) Private Limited (IBBI Registration No. IBBI/RV-E/06/2021/146)
  • Fair value of WFPML equity shares: ₹885.89 each
  • Fair value of WFAPL equity shares: ₹2,489.11 each

Shareholding Pattern Impact:

  • Pre-issue paid-up capital: 1,06,55,000 equity shares
  • Post-issue paid-up capital: 1,07,91,575 equity shares
  • Promoter holding changes from 74.04% to 74.09%

WFAPL Acquisition Structure:

  • Total acquisition: 2,09,304 equity shares (51% of WFAPL)
  • Cash consideration: ₹40 Crores for 1,60,701 shares (39.16%)
  • Non-cash consideration: ₹12.10 Crores (share swap) for 48,603 shares (11.84%)

Document Availability

All relevant documents including valuation report, company secretary certificate, and explanatory statement available on company website www.wealth-firstonline.com for shareholder inspection without any fee.