Investor Presentation

DATE: 1ST JULY, 2026 To To Manager - Listing Department Head – Listing Operations, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G Block, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai – 400 001 Mumbai-400051 BSE SCRIP CODE: 544536 NSE SYMBOL: WEALTH REF: WEALTH FIRST PORTFOLIO MANAGERS LIMITED SUB: INVESTOR PRESENTATION ON ACQUISITION EQUITY SHARES OF WEALTH FIRST ADVISORS PRIVATE LIMITED (‘WFAPL’). Dear Sir, Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, find enclosed herewith the Investor Presentation on the Acquisition of Equity Shares of Wealth First Advisors Private Limited (‘WFAPL’). You are requested to kindly display the same on the Notice Board of the Stock Exchange. Thanking you. Yours faithfully, FOR AND ON BEHALF OF WEALTH FIRST PORTFOLIO MANAGERS LIMITED ASHISH SHAH MANAGING DIRECTOR DIN: 00089075 Encl: As above Investor Presentation Strategic Acquisition Of Q2 & H1 FY26 Wealth First Advisors Private Limited Management Commentary Commenting on the acquisition, Mr. Ashish Shah, Managing Director of Wealth First Portfolio Managers Limited said: “At Wealth First, every milestone in our journey has been built on trust, shared values, and long-term relationships. Our partnership with Wealth First Advisors is a natural extension of that philosophy. This acquisition is not simply about expanding our footprint - it is about bringing together two like- minded organizations that share a common belief in independent advice, client-first thinking, and entrepreneurial ownership. Together, we are creating a stronger platform with the scale, talent, and capabilities to serve more Mr. Ashish Shah families, expand our presence across India, and accelerate our journey towards becoming one of the Managing Director country's leading independent wealth and asset management institutions. As we enter this next phase of growth, our commitment remains unchanged: to build an institution that earns trust, creates lasting value for all stakeholders, and endures for generations.” About the Company Acquisition Target Overview Brief on Target Company (Promoter Group) : Financials for FY26 (₹ Cr) • Established in 2001, Wealth First Advisors (‘WFA’) is a wealth Revenue PAT Networth management and financial distribution firm providing investment advisory, mutual fund distribution, and sub-broking services 17.9 6.0 22.0 • Founded by experienced financial professionals, the Company has built a 25-year track record of delivering independent, relationship-driven wealth management through a client-centric and conflict-free advisory approach. • Based out of Mumbai and have strong presence in Maharashtra ₹3,746 Cr 25 • Company has clients across HNIs & UHNIs individuals Assets Under Advisory* Team Size* Experienced Board of Directors of WFA Rakesh Mehta : Rakesh Mehta, an MBA from JBIMS, brings over 40 years of financial markets experience and has been instrumental in shaping WFA into 4,400+ 2,800+ a leading relationship-driven wealth management firm Nimesh Kenia : Investment professional with 25+ years of capital markets experience. An IIM Bangalore alumnus and Chartered Accountant, he brings Total Clients* Client Families* deep analytical expertise and a disciplined investment approach, having been with Wealth First Advisors since 2001. *Data as on 31st March 2026 Deal Contours • The acquisition will be completed in two phases • Phase I (on or before December 2026): Acquisition for 51% stake for a total consideration of ₹52.1 crores to be funded by mix of internal accruals and / or swap of shares. Of the total consideration, the Company will pay purchase consideration of ₹40 Cr in cash and balance of ₹12.1 Cr via share swap • Phase II (FY30): Acquisition of the remaining 49% stake. The purchase consideration will be determined based on a valuation report prepared in accordance with applicable laws, taking into account the target company's prevailing financial parameters at the time of acquisition. The entire consideration for this phase will be settled through a share swap • While Mr. Ashish Shah, promoter of Wealth First Portfolio Managers will dilute his entire stake in WFA, the transaction is being executed entirely through a share swap rather than a cash exit. This underscores his continued commitment to the business and confidence in the company's future growth by remaining invested in the combined entity • Key talent & relationship managers to be retained with smooth client transition planned • Transaction of Phase I will tentatively get completed on or before 31st December 2026 subject to requisite approvals Strategic Rationale & Synergies Why This Acquisition? Distribution Reach Capabilities Scale • Accelerates AUM growth through acquisition-led • Broadens product offerings across wealth • Strengthens presence across key markets expansion solutions • Expands geographic footprint and client access • Expands client base across affluent and HNI • Leverages technology and operating platform at segments • Adds experienced advisors and long-standing greater scale relationships • Enhances operating leverage through a larger • Unlocks cross-selling opportunities across the platform combined client base Wealth First Portfolio Managers Consolidated (Acquired Entity) ARR AUM (₹ Cr) 5,558 2,861 8,419 A strategic step Clients 21,746 4,411 26,157 towards building a leading wealth Clients Vintage 80% 70% 75% (> 5 years) management platform through disciplined Client Families 6,889 2,815 9,704 consolidation and scalable growth RM 41 10 51 RM Vintage 73% 55% 90% (> 5 years) “The acquisition expands the Company's distribution footprint, strengthening its presence in Mumbai (Maharashtra) alongside its well-established network in Ahmedabad, Surat, Pune, and Rest of the World” *Data as on 31st March 2026 India's Wealth Management Opportunity A structural, long-term growth story underpinning this acquisition ~US$2.3 Tn ~12–16% ~US$9 Tn Projected Wealth Management AUM by FY29 Annual Growth in India's Projected Liquid Wealth (up from ~US$1.1 Tn in FY24) HNI Population seen reaching ~1.65 mn by 2027 by 2035 Specialist Wealth Managers Affluent & HNI Families ~US$300 Bn AUM ~26,000 HNI Families by 2030 • A 60% growth on a YoY basis, up from ~16,000 families in 2025 Only ~11% of India's ~US$2.7 Tn liquid wealth pool today - vast • Supported by rising wealth creation and intergenerational wealth headroom transfer in India Financialisation Headroom Alternatives Opportunity MF AUM ~15–17% of GDP ~5× Growth to ~US$2 Tn vs ~60–65% global average - significant structural headroom for Alternative assets market projected to grow ~5× by 2034 growth Source: Deloitte India, Bernstein, Avendus Safe Harbour This presentation and the accompanying slides which have been prepared by Wealth First Portfolio Managers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regar [Showing first 8,000 characters — download PDF for full document]