360 ONE WAM: NSE Penalizes Subsidiary ₹1 Lakh for Non-Compliance

360 ONE WAM Limited announced that its wholly-owned subsidiary, 360 ONE Distribution Services Limited (“360 ONE DSL”), has received a communication from the National Stock Exchange of India Limited (“NSE”) regarding a penalty of ₹1,00,000. The penalty was levied due to non-compliance with NSE circular no. NSE/INSP/53530 dated September 02, 2022, for executing an agreement for the transfer of business of Credit Suisse Securities (India) Private Limited to 360 ONE DSL without prior approval from NSE.

Penalty DetailsParticulars

Details

Authority

National Stock Exchange of India Limited ("NSE")Penalty Amount

₹1,00,000NSE Circular No.

NSE/INSP/53530 dated September 02, 2022Date of Receipt of Order

July 14, 2025Violation

Executing agreement for the transfer of business of Credit Suisse Securities (India) Private Limited to 360 ONE Distribution Services Limited ("DSL”) a wholly owned subsidiary of the Company, without seeking prior approval of NSE

Detailed AnalysisThe penalty was imposed by NSE because 360 ONE DSL did not seek prior approval from NSE before executing the agreement for the transfer of business from Credit Suisse Securities (India) Private Limited. This is a violation of the aforementioned NSE circular, which mandates prior approval for such agreements.Company Response360 ONE WAM Limited has stated that there is no material impact on the company's financials or operations due to the levy of the said penalty. However, 360 ONE DSL will appeal against the imposition of this penalty before the appropriate authority of NSE.