360 ONE WAM Limited Announces First Interim Dividend of Rs 6 Per Share for FY27
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.
*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?
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