360 one wam Limited has amended the lock-in provisions of its Share Purchase and Share Subscription Agreement (SPSSA) concerning the acquisition of 360 ONE Capital Market Private Limited. The modification, executed on July 28, 2026, permits the allottees to maintain their shareholding restrictions on an aggregate basis rather than individually, offering greater flexibility in compliance with the original agreement’s release schedule.

The amendment follows a request from the allottees, Mr. Saahil Murarka and Batlivala & Karani Resources Management Private Limited. Under the original SPSSA, signed on January 27, 2025, these parties were subject to a lock-in period with a periodic release of shares amounting to 20% of their respective individual shareholdings annually. The new agreement consolidates this requirement, allowing the two entities to manage the 20% annual release collectively.

Key Details of the Amendment

The company disclosed that all other terms and conditions of the SPSSA remain unchanged. This includes the aggregate number of shares held by the allottees and the overall duration of the lock-in period. The change is strictly procedural, shifting the unit of measurement for the annual release from individual holdings to a combined total.

Regulatory Disclosure

The disclosure was submitted to the Listing Department of BSE Limited and the National Stock Exchange of India Ltd. on July 28, 2026. Rohit S. Bhase, Company Secretary of 360 ONE WAM Limited, signed the communication, confirming that the amendment was executed pursuant to the allottees’ request. The company emphasized that the fundamental structure of the acquisition agreement remains intact, with only the mechanism for monitoring the lock-in release being adjusted.

This adjustment simplifies the administrative process for the allottees while ensuring that the total volume of shares released into the market over time remains consistent with the original agreement's intent. No financial impact or change in ownership percentage is associated with this procedural amendment.

360 ONE WAM Ltd reported a 19% increase in its total Annual Recurring Revenue (ARR) Assets Under Management (AUM) to ₹3,42,000 crore for the quarter ended June 30, 2026. The wealth business AUM grew 24.2% to ₹2,42,000 crore, while asset management AUM rose 8.2% to ₹1,00,000 crore. Overall AUM stood at ₹7.8 lakh crore as on June 30, 2026. The company posted a profit after tax of ₹330 crore, an increase of 14.8%, with total revenue growing 20% to ₹870 crore. This disclosure follows the earnings call held on July 16, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The firm garnered ARR net flows of ₹10,815 crore in Q1 FY27, compared to ₹8,985 crore in the previous quarter. The wealth business contributed strong flows of ₹13,379 crore, driven by sustained momentum in its core Ultra High Net Worth Individual (UHNI) franchise. The cost to income ratio improved to 51.3% from 53.5% in Q4 FY26, and Tangible Return on Equity (ROE) stood at 19.4%. Management expects the cost to income ratio to improve further as businesses scale and synergies from strategic initiatives are realized.

Business Performance Highlights

The company noted that its HNI proposition is scaling well, managing over ₹5,000 crore of AUM for 800+ clients. It expects this segment to break even on direct costs by the end of the financial year. Additionally, the ET Money business is expected to reach break-even levels this year following a strategic reset. The asset management business crossed the ₹1 lakh crore milestone, supported by strong momentum across its alternates platform and listed strategies.

Strategic Initiatives and Outlook

Management highlighted the progress of its collaboration with UBS, expecting funds to be launched in the coming quarter with potential asset exchanges of $500-600 million over time. The firm also provided updates on its private credit strategy, noting it operates primarily in the 10-11% and 13-15% yield buckets with a negligible accident rate over the last seven to eight years. The transcript of the earnings call is available on the company's investor relations website.