360 ONE WAM LIMITED reports that its wholly-owned subsidiary, 360 ONE Distribution Services Limited (360 ONE DSL), received a communication from Multi Commodity Exchange Clearing Corporation Limited (MCXCCL).
MCXCCL has levied a penalty of ₹25 lakh on 360 ONE DSL.
The penalty is for alleged false reporting of excess collateral during the period October 2022 to September 2023.
The communication regarding the penalty was dated June 20, 2025, and received by the company on June 23, 2025.
360 ONE DSL will appeal against the penalty before the appropriate authority.
The company states that there is no material impact on its financials or operations due to the levy of the penalty.
On May 29, 2025, the Stakeholders Relationship Committee of the Board of Directors of 360 ONE WAM LIMITED approved the allotment of 33,33,333 warrants.
These warrants were allotted on a preferential basis to Mr. Saahil Murarka.
The Warrant Exercise Price is ₹1,174.76 per warrant, for cash consideration.
The Company has already received ₹97,89,66,568.77 (Rupees ninety seven crores eighty nine lakhs sixty six thousand five hundred and sixty eight paise seventy seven only), which represents 25% of the Warrant Exercise Price, from the allottee.
This allotment follows earlier intimations and approvals, including the Extraordinary General Meeting held on February 25, 2025, and receipt of necessary statutory approvals on May 21, 2025.
Each warrant carries a right and option to subscribe up to one fully paid-up equity share of the Company, each having a face value of Re. 1.
360 ONE WAM LIMITED held its 1st Extraordinary General Meeting (EGM) for the financial year 2025-26 on May 20, 2025, via video conferencing.
The meeting was conducted in accordance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
All items set out in the Notice of the EGM were duly approved by the members with the requisite majority.
The voting results, pursuant to Regulation 44 of the Listing Regulations, and the Scrutinizer's Report, pursuant to Section 108 of the Companies Act, 2013, are enclosed.
Total number of shareholders as on record date (May 13, 2025) were 75,062.
Resolution Required : Special Resolution 1 - Approval for issue of warrants of the Company on preferential basis
39,36,97,851 No. of shares as on voting cut-off date, i.e. Tuesday, May 13, 2025
360 ONE WAM Limited has completed the dispatch of Corrigendum to the Notice of the 1st Extraordinary General Meeting (EGM) for the financial year 2025-26 via e-mails.
A public notice regarding this dispatch was published on May 16, 2025, in the "Financial Express" (All India Edition) and "Mumbai Lakshadeep" (All Editions) newspapers.
The newspaper publications are also available on the company's website: www.360.one.