360 ONE WAM Limited announces that the National Company Law Tribunal (NCLT) has approved the scheme of amalgamation of MAVM Angels Network Private Limited (MAVM) with 360 ONE Distribution Services Limited (DSL). As part of the amalgamation, one equity share of DSL will be issued for every one share of MAVM held by the company.
Amalgamation Scheme Approved
The scheme of amalgamation involving MAVM Angels Network Private Limited (“MAVM”) with and into 360 ONE Distribution Services Limited (“DSL”), both wholly owned subsidiaries, has been approved. The initial communication regarding this scheme was dated September 26, 2024.
Key Details of the Amalgamation
The Hon’ble National Company Law Tribunal (“NCLT”), Mumbai Bench, approved the scheme via an order dated September 9, 2025. A certified true copy of the order was received on September 23, 2025. The scheme will become effective upon filing with the Registrar of Companies, Mumbai.
Impact of the Scheme
Upon the scheme becoming effective:
- MAVM shall stand amalgamated with and into DSL.
- One equity share of DSL, having a face value of Rs. 100 each, will be issued for every one equity share of MAVM, having a face value of Rs. 10 each.
Source: BSE
