360 ONE WAM LTDhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/04/2025 ,inter alia, to consider and approve 1. proposal for issue of equity ....
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Awaiting price reaction for this filing.
360 ONE WAM has informed the exchanges that its Board will meet on April 22, 2025 to consider a proposal to issue equity shares and/or warrants through a preferential issue under SEBI (ICDR) Regulations 2018 and the Companies Act 2013. The Board will also approve the notice for a general meeting or postal ballot to seek shareholder approval for the issue. No pricing, issue size, or identity of proposed allottees has been disclosed yet, as this filing is only an intimation of the upcoming Board agenda.
A preferential issue typically leads to dilution for existing shareholders, and the stock may see some volatility around the Board meeting on April 22, 2025. Retail investors should wait for the postal ballot notice and the Board's final decision on pricing and allottee details before assessing the actual impact on their holdings.