360 ONE WAM Limited Allots 1.57 Lakh Equity Shares Through Employee Stock Option Exercise

1 min read     Updated on 23 Apr 2026, 05:11 AM
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Radhika SScanX News Team
AI Summary

360 ONE WAM Limited allotted 1,56,782 equity shares to employees through ESOP exercise on April 22, 2026, following approval by the Nomination and Remuneration Committee. The allotment increased the company's paid-up share capital from Rs. 40,61,38,438 to Rs. 40,62,95,220, with total equity shares rising to 40,62,95,220. The company has duly informed BSE and NSE about this corporate action as part of regulatory compliance requirements.

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360 one wam Limited has completed the allotment of equity shares to employees through the exercise of Employee Stock Options, marking another milestone in the company's employee incentive program. The allotment was formally approved by the company's Nomination and Remuneration Committee on April 22, 2026.

Share Allotment Details

The company has allotted a total of 1,56,782 equity shares with a face value of Re. 1/- each to eligible employees who exercised their stock options under the Employee Stock Options Scheme. This allotment represents the conversion of employee stock options into actual equity ownership in the company.

Parameter: Details
Shares Allotted: 1,56,782 equity shares
Face Value: Re. 1/- per share
Allotment Date: April 22, 2026
Approval Authority: Nomination and Remuneration Committee

Impact on Share Capital

The allotment has resulted in an increase in the company's issued, subscribed and paid-up share capital. The capital structure has been enhanced following the successful exercise of employee stock options.

Capital Component: Before Allotment After Allotment
Paid-up Share Capital: Rs. 40,61,38,438 Rs. 40,62,95,220
Total Equity Shares: 40,61,38,438 shares 40,62,95,220 shares
Face Value per Share: Re. 1/- Re. 1/-

Regulatory Compliance

The company has informed both major stock exchanges about this corporate action. The allotment details have been communicated to BSE Limited and the National Stock Exchange of India Limited as part of the mandatory disclosure requirements. Company Secretary Rohit Bhase signed the official communication to the exchanges, ensuring full regulatory compliance.

This ESOP exercise reflects the company's commitment to employee participation in its growth story and demonstrates confidence in the organization's future prospects among its workforce.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-3.81%+5.08%-12.17%-2.29%+278.16%

How might this ESOP exercise impact 360 One WAM's employee retention rates and ability to attract top talent in the competitive financial services sector?

What percentage of the total outstanding ESOP pool has now been exercised, and how many more tranches are expected in the coming quarters?

Could this increased employee ownership lead to changes in the company's strategic direction or operational priorities?

360 ONE WAM Limited Announces First Interim Dividend of Rs 6 Per Share for FY27

3 min read     Updated on 23 Apr 2026, 01:45 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

360 ONE WAM Limited has declared its first interim dividend of Rs 6 per equity share for the financial year 2026-27. The Board of Directors approved the dividend at its meeting held on April 21, 2026. The company will withhold tax on dividend payments in accordance with the Income-tax Act, 2025, with rates varying based on the residential status of shareholders and documentation submitted. Shareholders must update their bank details and submit necessary tax-related documents by the record date of April 27, 2026, to ensure appropriate tax deduction rates.

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360 ONE WAM Limited has declared its first interim dividend for the financial year 2026-27 at Rs 6 per equity share of face value Re 1 each. The announcement follows the Board of Directors meeting held on April 21, 2026. The company will process dividend payments after deducting tax at source in accordance with the Income-tax Act, 2025, effective from April 1, 2026.

Tax Deduction Framework

The withholding tax rate varies depending on the residential status of shareholders and the documents submitted to the company. For resident individual shareholders, tax will not be deducted if the total dividend payable in a tax year does not exceed Rs 10,000. Where the dividend exceeds this threshold, the applicable rates are as follows:

Particulars Applicable Rate
With PAN 10%
Without PAN / Invalid PAN 20%
Submitting Form 121 NIL
Submitting Order under Section 395(1) Rate provided in the Order
Insurance company under Sec 393(4) NIL
Mutual Fund under Schedule VII NIL
Category I & II AIF established in India NIL

Non-Resident Shareholder Provisions

Non-resident shareholders will face a tax rate of 20% plus applicable surcharge and cess, or the tax treaty rate, whichever is lower. To avail beneficial tax treaty rates, non-resident shareholders must submit specific documents including a valid Tax Residency Certificate, Form 41 in electronic format, and their Indian Tax Identification number (PAN) if available.

Key Deadlines and Requirements

Shareholders must ensure their bank details are updated in their respective demat accounts with Depository Participants or with the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, on or before the record date of Monday, April 27, 2026. The company will not issue dividend warrants or cheques to shareholders who have not updated their bank account details.

All tax-related declarations and supporting documents must be uploaded through the dedicated MUFG Intime India Private Limited portal by April 27, 2026. Documents submitted through any other mode or link will not be considered valid for determining applicable TDS rates. Shareholders may claim refunds for higher tax deductions by filing their income tax returns, if eligible.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
-1.60%-3.81%+5.08%-12.17%-2.29%+278.16%

Will 360 ONE WAM maintain this Rs 6 dividend rate for subsequent interim dividends in FY 2026-27?

How might the new Income-tax Act 2025 provisions impact dividend distribution strategies across the wealth management sector?

What factors could influence 360 ONE WAM's ability to sustain dividend payments given current market conditions?

More News on 360 One WAM

1 Year Returns:-2.29%