This mid cap stock will consider dividend, bonus shares and stock split next week

The company said in a stock exchange filing today that “this is in furtherance of our notice dated January 5, 2023, intimating the date of the Board meeting i.e. January 19, 2023, which inter alia, will be the standalone and scheduled to consider and approve the Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2022. We now wish to inform that in accordance with Regulation 29 and 42 of the SEBI Listing Regulations, the Board at the said Board meeting Will also consider the following proposals: One) Declaration of fourth interim dividend, if any, to the equity shareholders of the company for the financial year 2022-23; b) Sub-division of equity shares of the company of face value of Rs. 2/- each, subject to the approval of the shareholders of the Company and such other approvals as may be necessary in this behalf; And C) To issue fully paid Bonus Equity Share(s) to the shareholders of the Company in such proportion as the Board may deem fit, subject to the approval of the shareholders of the Company and such other approvals as may be necessary in this behalf. Further, we wish to inform that in accordance with Regulation 42 of the SEBI Listing Regulations, Monday, January 30, 2023 shall be fixed as the record date for ascertaining the eligibility of shareholders of the Company, if declared by the Company. to receive the above interim dividend. Board of Directors at its aforesaid meeting.”

The Board has recently informed the Stock Exchanges stating that “We wish to further inform that the Registrar of Companies, Mumbai has approved the change in the name of the Company vide ‘Certificate of Incorporation Pursuant to Change of Name’ dated January 5, 2023. from the company ‘IIFL Wealth Management Limited’ to ‘360 One WAM Limited’ with effect from 5th January, 2023. A copy of the said certificate is enclosed for your reference. Appropriate changes reflecting the aforesaid changes will be made in due course.”

On NSE, 360 One WAM shares closed today 1,757 each, down 1.75% from the previous close 1,788.35. The stock recorded a total volume of 32,598 shares as compared to 20-day average volume of 33,352 shares. The stock touched a 52-week high at 1,945.00 (20-Sep-2022) and 52-week low at 1,235.80 (20-Jun-2022).