360 ONE WAM LIMITED — Important, 27-01-2025: General Updates

The Board of Directors of 360 ONE WAM LIMITED has assessed a request from certain members of the promoter group seeking re-classification from the 'Promoter' category to the 'Public' category. This group includes notable promoters such as Nirmal Bhanwarlal Jain, who holds a 4.61% stake, and Venkataraman Rajamani, with a 0.49% stake. A total of 28,676,114 shares (7.39% of total shares) from the promoters are involved in this request.

Having reviewed the request, the Board believes these parties meet the necessary conditions for re-classification as per the relevant regulations and has thus forwarded the recommendation for approval to the shareholders. The company will be submitting the required applications to regulatory authorities shortly. This move could enhance the liquidity of the stock, paving the way for potential growth and a more diversified shareholder base. Investors should keep an eye on this development, as it may signal a shift in the company’s governance structure.