Whalesbook
360 ONE WAM Limited has submitted its Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms the company's adherence to SEBI regulations throughout the period. However, it also details two specific compliance issues that occurred in the prior financial year.
The lapses noted include a seven-day delay in providing a required disclosure regarding promoter reclassification, which had previously resulted in a Warning Letter from the BSE and NSE. Additionally, for the quarter ended December 2024, the company failed to attach the mandatory annexure to its financial statements concerning Non-Convertible Debentures (NCDs).
Following the missed NCD annexure, the BSE levied a fine of ₹44,840. This fine was subsequently waived on October 10, 2025, after the company demonstrated corrective actions and implemented strengthened internal controls.
To prevent future compliance missteps, 360 ONE WAM has enhanced its internal review processes. This includes strengthening its 'maker-checker' mechanism, designed to ensure accuracy through multiple levels of oversight. The company's focus on addressing these past issues aims to reinforce its governance framework.
While the waived fine and strengthened controls provide reassurance, investors will likely maintain scrutiny on governance. Sustained adherence to all SEBI and stock exchange filing deadlines is expected. The wealth management sector broadly operates under stringent SEBI compliance frameworks, making rigorous adherence paramount for fostering investor trust and maintaining regulatory standing. Future investor attention will focus on the consistent effectiveness of these enhanced controls and the absence of any further compliance issues.