360 ONE WAM LIMITED has informed the Exchange regarding Intimation under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations, 2015) Effecting of Reclassification from Promoter category to Public category shareholders.
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360 ONE WAM Limited has informed the stock exchanges that the reclassification of 18 promoter group entities from the 'Promoter & Promoter Group' category to the 'Public' category has been completed. The reclassification was first approved by shareholders via a postal ballot on May 4, 2025, and was then effected in the depository system and confirmed by the company's Registrar and Share Transfer Agent (MUFG Intime India) on May 5, 2025. The entities being reclassified include individuals (such as Nirmal Bhanwarlal Jain, Madhu Jain, Bhavya Jain), family trusts, and group companies (such as 5paisa Capital Limited, Ardent Impex Private Limited, and Orpheus Trading Private Limited). This compliance filing is being made under Regulation 31A(3)(a)(vii) of the SEBI Listing Regulations, 2015.
The promoter group's effective shareholding in 360 ONE WAM reduces as these 18 entities move to the 'Public' category, which could change the stock's free-float and governance dynamics. This is a procedural reclassification (not a sale) and the entities already held these shares, so no new shares hit the market.