360 ONE WAM LIMITED has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 20, 2025
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360 ONE WAM Limited held its first Extraordinary General Meeting of FY 2025-26 on May 20, 2025, via video conferencing from 2:00 PM to 2:30 PM IST. A total of 49 members representing 18,24,803 equity shares participated. The key item on the agenda was a Special Resolution to approve the issue of warrants of the company to UBS AG on a preferential basis. Chairperson Akhil Gupta presided over the meeting, and MD/CEO Karan Bhagat addressed shareholder questions. Voting results are awaited and will be announced separately along with the Scrutinizer's report.
The preferential warrant issue to UBS AG is a material capital-raising event; if approved by shareholders, it could lead to equity dilution and signals a strategic investment from a major global financial institution. Shareholders should watch for the upcoming voting results filing to confirm the outcome and any dilution impact.