WSFX Global Pay Limited appointed Padmini Yash Dhuru as a Non-Executive Independent Director and reappointed Srikrishna Narasimhan as Whole-Time Director and Chief Executive Officer. The decisions were approved by shareholders at the company's 39th Annual General Meeting held on September 23, 2026.

Dhuru will serve a five-year term commencing August 13, 2026, while Narasimhan’s reappointment is effective from December 22, 2026, through December 21, 2029. These governance changes aim to strengthen the board's oversight and continue the leadership driving the firm's digital transformation.

Leadership profiles

Padmini Yash Dhuru brings over three decades of experience in audit, taxation, and risk management. She is the proprietor of P Y Dhuru & Co., a chartered accountancy firm established in 1999. Her background includes roles at Citibank, Deutsche Bank, and Tata Projects. Since 2024, she has served as the Chief Information Security Officer at Hinduja Global Solutions Limited. She holds a Diploma in Information System Audit from the ICAI and completed Level 1 Certification in Artificial Intelligence.

Srikrishna Narasimhan has led WSFX Global Pay since July 2017. He previously served as CEO and Executive Director of Essel Finance VKC Forex Limited for approximately 18 years. Under his leadership, the company transitioned from a traditional foreign exchange business to a technology-led cross-border payments fintech. He holds a Post Graduate Diploma in Business Administration from IIM Calcutta.

Key appointment details

The company also approved the alteration of the Main Object Clause of its Memorandum of Association during the meeting. Both appointments comply with SEBI Listing Regulations and relevant circulars regarding senior management changes.

WSFX Global Pay Limited declared a final dividend of ₹1.50 per equity share for FY26 during its 39th Annual General Meeting held on September 23, 2026. All seven resolutions proposed at the meeting were duly approved by shareholders with requisite majority, as confirmed by the scrutinizer's report released on September 24, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means, also approved the adoption of audited financial statements for the year ended March 31, 2026. Key governance resolutions included the re-appointment of Chairman Ramesh Venkataraman and CEO Srikrishna Narasimhan. The voting results indicate strong promoter backing and broad shareholder consensus across most agenda items.

Governance and leadership updates

Shareholders approved several critical appointments and re-appointments through ordinary and special resolutions. The board saw the addition of a new independent director to strengthen oversight mechanisms. While most resolutions passed with near-unanimous support, the payment of remuneration to Non-Executive Non-Independent Director Ramesh Venkataraman saw notable dissent from public shareholders.

Voting participation and scrutiny details

The company disclosed that 5,815 shareholders were on the record date of September 16, 2026. A total of 72 shareholders attended the meeting through Video Conferencing, comprising one representative from the Promoter and Promoter Group and 71 public shareholders. The remote e-voting period remained open from September 19, 2026, to September 22, 2026.

Mr. Dharmesh Zaveri, Proprietor of M/s D.M. Zaveri & Co., served as the Scrutinizer for the remote e-voting and e-voting during the AGM. The Scrutinizer's report confirmed that all resolutions were passed with the requisite majority under Section 108 of the Companies Act, 2013.

What the numbers show

The voting data highlights a divergence in shareholder sentiment regarding executive compensation versus other governance matters. While the dividend declaration and financial statement adoption received over 99.9% support, the special resolution for the remuneration of Ramesh Venkataraman attracted 11.0176% opposition from public non-institutional holders. This contrasts sharply with the negligible dissent (<0.5%) seen in other resolutions, suggesting specific concerns among retail investors regarding this particular compensation package despite its overall approval.

Financial and compliance status

The company reported that the Statutory Auditors' Report for FY26 contained no qualifications, reservations, adverse remarks, or disclaimers. Similarly, the Secretarial Audit Report for the same period did not contain any qualifications requiring a Board explanation. This clean audit opinion signals robust internal controls and compliance adherence for the fiscal year.

The meeting was chaired by Ramesh Venkataraman, with participation from key managerial personnel including Chief Financial Officer Pooja Mishra and Company Secretary Khushboo Doshi. M/s S.R. Batliboi served as the Statutory Auditor representative, while M/s D.M. Zaveri & Co. acted as the Secretarial Auditor and Scrutinizer.