Please find enclosed herewith Scrutinizers Report pursuant to Section 108 and Section 110 of the Companies Act, 2013.
Awaiting price reaction for this filing.
360 ONE WAM LIMITED conducted a postal ballot (e-voting from April 5 to May 4, 2025) seeking shareholder approval to reclassify 18 promoter group entities (including founder Nirmal Jain's family and related entities like 5paisa Capital) from the 'Promoter & Promoter Group' category to the 'Public' category. The resolution was passed with overwhelming support — 99.46% of votes polled were in favour (30.44 crore shares), with only 0.54% against (16.39 lakh shares). Total voting participation stood at 77.85% of outstanding shares across 76,375 eligible shareholders. Both public institutional shareholders (99.05% in favour) and public non-institutional shareholders (99.99% in favour) backed the move strongly.
This reclassification will reduce the officially classified promoter group shareholding of 360 ONE WAM and increase the public shareholding float, which may improve liquidity and index weightage. It's generally viewed as a neutral-to-positive governance signal, indicating the exiting entities no longer exercise control over the company.