360 ONE WAM Limited has released its monitoring agency reports from CARE Ratings Limited regarding its preferential issue warrants for the quarter ended March 31, 2026. The reports confirm that there have been no deviations in the utilization of funds from the stated objects of the issues. Both funding tranches, totaling ₹391.59 crore and ₹2,111.80 crore, show that no funds were called or utilized during the reporting period.
Report on Preferential Issue Funds
As of March 31, 2026, 360 ONE WAM Limited remains in the early stages of its capital deployment plans for two distinct preferential issues. The monitoring agency reports confirm that the company has adhered to its disclosures, with no deviations observed in the objectives for which the capital was raised. Furthermore, the company reported no utilization of funds during the quarter, as the primary projects remain ongoing.
Strategic Allocation and Project Status
The company maintains two primary funding initiatives to support its business operations. For the first issue, valued at ₹391.59 crore, the capital is earmarked for the repayment of debt (₹293.69 crore) and general corporate purposes (₹97.90 crore). The second, larger issue of ₹2,111.80 crore, is designated for investments in broking subsidiaries (₹400 crore), 360 ONE Prime Ltd (₹1,000 crore), 360 ONE Alternates Asset Management Ltd (₹200 crore), and general corporate purposes (₹511.80 crore).
Operational Timeline and Market Context
All projects associated with these funds are currently ongoing, with completion timelines extended in some instances to the end of FY 2027-28. The monitoring agency noted that the share price of the company as of March 31, 2026, was ₹949.60, which is currently lower than the offer prices for the respective tranches. The audit committee and the Board of Directors have reviewed these findings, confirming that all statutory requirements and project milestones remain on track for future development.
Source: BSE
