360 ONE WAM LIMITED has submitted the Exchange about Voting Results along with copy Scrutinizer's Report for the Extraordinary General Meeting held on May 20, 2025
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360 ONE WAM Limited held its 1st Extraordinary General Meeting of FY 2025-26 on May 20, 2025, via video conferencing, where one special resolution was put to vote. The resolution sought approval for the issue of warrants of the Company on a preferential basis, and promoters/promoter group were noted as not being interested in it. Out of 75,062 shareholders on the record date (May 13, 2025), a total of 315,868,300 votes were polled, representing 80.23% of total share capital. Of these, 99.79% (315,207,733 votes) were in favour and only 0.21% (660,567 votes) were against. All three shareholder categories — promoters, public institutions, and public non-institutions — voted overwhelmingly in favour, with public non-institutions showing near-unanimous support at 99.9998%.
The preferential issue of warrants has been cleared by shareholders, paving the way for the company to raise capital from select investors. Existing shareholders should note potential dilution risk once these warrants are converted into equity. The near-unanimous approval signals strong investor confidence in the capital-raising plan.