Wealth First Portfolio Managers Limited has filed its quarterly compliance certificate with the National Stock Exchange and BSE Limited for the quarter ended March 31, 2026. The submission fulfills the company's regulatory obligations under SEBI Depositories and Participants Regulation, 2018.

Regulatory Compliance Filing

The certificate was submitted on April 6, 2026, by Managing Director Ashish Shah to both stock exchanges where the company is listed. The filing addresses the requirements of Regulation 74(5) of SEBI Depositories and Participants Regulation, 2018, which mandates quarterly reporting on dematerialization activities.

Certificate Details

The certificate was issued by Bigshare Services Private Limited, the company's registered Registrar and Share Transfer Agent (RTA). Bigshare Services holds SEBI Registration Number INR000001385 and is authorized to provide registrar and transfer agent services.

According to the certificate dated March 31, 2026, no securities were received from depository participants for dematerialization during the reporting quarter. The RTA confirmed that since no securities were processed for dematerialization, no certificates were mutilated and cancelled, and consequently, no substitution of depository names occurred in the register of members.

Dematerialization Activity Summary

Corporate Information

Wealth First Portfolio Managers Limited operates from its registered office at Capitol House, Ahmedabad, and maintains its corporate identity number L67120GJ2002PLC040636. The company's registrar services are handled by Bigshare Services Private Limited from their Ahmedabad office.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share transfer and dematerialization processes as mandated by SEBI regulations.

Wealth First Portfolio Managers Limited has announced a significant regulatory milestone for its subsidiary company, marking an important expansion in the group's financial services portfolio with the addition of experienced industry veterans.

SEBI Grants Final AMC License

Lakshya Asset Management Private Limited, a subsidiary of Wealth First Portfolio Managers Limited, has received final approval and license from the Securities and Exchange Board of India (SEBI) dated March 25, 2026. This regulatory clearance authorizes the subsidiary to operate as an Asset Management Company (AMC) for launching and managing mutual fund operations.

Industry Veterans Join Leadership Team

In a strategic move, Lakshya AMC has onboarded key members of the founding team of Benchmark Asset Management Company – Mr. Sanjiv Shah, Mr. Rajan Mehta, and Mr. Sanjay Gaitonde – widely regarded as pioneers of Exchange Traded Funds (ETFs) in India. Benchmark AMC introduced several industry-first products, including India's first ETF, Nifty BeES; India's first Gold ETF, Gold BeES; and the world's first money market ETF, Liquid BeES.

Founded in 2001, Benchmark was the first mutual fund in India which focused exclusively on passive and quantitative investment. The Benchmark AMC product suite was subsequently acquired by Nippon Life India Asset Management from Goldman Sachs Asset Management.

Management Commentary

Commenting on the development, Mr. Ashish Shah, Managing Director of Wealth First Portfolio Managers Ltd., 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."

Mr. Sanjiv Shah, former Co-founder of Benchmark Asset Management and Director at Lakshya AMC, added: "Just like Benchmark, our approach at Lakshya will be rooted in innovation. We aim to design investment solutions that solve real-world investment challenges and simplify investing for a wide range of investors."

Market Opportunity and Strategic Positioning

India's mutual fund industry has expanded dramatically from about ₹1 lakh crore in assets under management in 2001 to over ₹82 lakh crore in early 2026, according to the latest data from Association of Mutual Funds in India. Despite this growth, passive investing still represents only 19-20% of total mutual fund AUM in India, compared with over 50% in the United States, indicating substantial headroom for further expansion.

Lakshya AMC will be the first asset management company to be headquartered in Ahmedabad, reflecting a broader shift towards building financial institutions beyond traditional metro hubs. The company plans to leverage its strong sponsorship, experienced leadership team, and innovation-driven philosophy to introduce a suite of differentiated investment products tailored to evolving investor needs in India.

Source: None/Company/INE658T01017/b47d85e2-ca1b-440a-9c08-d988bb9ad955.pdf