360 ONE WAM LIMITED has informed the Exchange that 360 ONE Distribution Services Limited, wholly owned subsidiary of 360 ONE WAM LIMITED, is in receipt of a communication from National Stock Exchange of India Limited. The details required under Regulation 30 of the Listing Regulations, 2015 are attached herewith.
360ONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
360 ONE WAM's wholly owned subsidiary, 360 ONE Distribution Services Limited (DSL), received a communication from NSE on July 14, 2025, imposing a penalty of Rs. 1,00,000 (Rupees One Lakh). The penalty relates to executing the agreement for the transfer of business of Credit Suisse Securities (India) Private Limited to 360 ONE DSL without seeking prior approval from NSE, which is a non-compliance of NSE's inspection circular dated September 2, 2022. The company has stated that there is no material impact on its financials or operations due to this penalty. 360 ONE DSL intends to appeal the penalty before the appropriate authority of NSE.
The financial impact is negligible at just Rs. 1 lakh on a large wealth management firm, and the company confirms no material impact on operations. The appeal may or may not succeed, but the penalty itself is unlikely to move the stock price meaningfully.