360 ONE WAM LIMITED has submitted the Voting Results pursuant to Regulation 44 of the Listing Regulations, 2015 and Scrutinizer's Report pursuant to Section 108 and Section 110 of the Companies Act, 2013
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 Limited has informed the stock exchanges that shareholders have approved, via postal ballot (e-voting from April 5 to May 4, 2025), the reclassification of 18 promoter group entities from the 'Promoter & Promoter Group' category to the 'Public' category. The list notably includes founder Nirmal Bhanwarlal Jain, his family members, related trusts, and several 5paisa group companies. Out of 306,011,888 votes polled (representing 77.85% of outstanding shares), 99.46% voted in favour and only 0.54% against the resolution. Promoter group voters (who were not part of the reclassification request) voted 100% in favour, public institutions voted 99.05% in favour, and public non-institutions voted 99.999% in favour.
This is a significant governance development as the founder Nirmal Jain and his associated family/trust entities are moving out of the promoter category, which could alter the shareholding structure, reduce promoter influence, and potentially increase the public float of the stock. The overwhelming approval with very low dissent suggests strong shareholder support, but the long-term implications for control and governance should be monitored.