360 ONE WAM Limited Files Revised Promoter Encumbrance Disclosure for Kush and Kyra Bhagat

1 min read     Updated on 02 May 2026, 11:26 AM
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Reviewed by
Naman SScanX News Team
AI Summary

360 ONE WAM Limited filed a revised disclosure with BSE Limited on April 30, 2026, correcting encumbrance details for promoter group members Kush Bhagat and Kyra Bhagat. The revision changed their 'Promoter Holding Already Encumbered' status to 'nil' as suggested by the exchange. Both individuals hold 13,50,000 shares each (0.33% stake) subject to restrictions under a retention and profit-sharing agreement with APAC Company XV Limited dated October 31, 2022. The filing ensures compliance with SEBI regulations on substantial acquisition of shares and takeovers.

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360 one wam Limited has submitted a revised regulatory disclosure to BSE Limited, addressing discrepancies in earlier filings related to promoter group members. The company filed the corrected disclosure on April 30, 2026, following clarifications sought by the stock exchange regarding encumbrance details for specific promoter entities.

Disclosure Revision Details

The revision specifically addresses the encumbrance status for Mr. Kush Bhagat and Ms. Kyra Bhagat, both members of the promoter group. Based on suggestions from BSE Limited, the company has corrected the 'Promoter Holding Already Encumbered' status to 'nil' for both individuals in the revised disclosure.

Parameter Kush Bhagat Kyra Bhagat
Total Shareholding 13,50,000 shares (0.33%) 13,50,000 shares (0.33%)
Previously Encumbered Holdings Nil Nil
Current Encumbrance Status Subject to restrictions Subject to restrictions
Encumbrance Entity APAC Company XV Limited APAC Company XV Limited

Regulatory Background

The disclosure relates to compliance requirements under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance conditions stem from a retention and profit-sharing agreement (RPSA) dated October 31, 2022, between APAC Company XV Limited, the KB Group, and Mr. Yatin Shah.

Share Transfer and Restrictions

On March 11, 2026, Ms. Shilpa Bhagat executed an off-market inter se transfer of 27,00,000 equity shares through gift transactions. The transfer allocated 13,50,000 shares each to Mr. Kush Bhagat and Ms. Kyra Bhagat, establishing their current shareholding positions.

Key Restrictions Under RPSA

The agreement imposes specific limitations on the KB Group's share transactions:

  • Prohibition on transfer or encumbrance creation without prior written consent from APAC
  • Encumbrance limits of 40% during the first 12 months and 30% thereafter
  • Free transfer allowance of up to 10% of restricted holdings annually

Compliance Documentation

Company Secretary Rohit Bhase signed the revised disclosure, ensuring proper regulatory compliance. The filing includes comprehensive details of all promoter and promoter group members' shareholdings and encumbrance status as of the reporting date of March 13, 2026.

The revised disclosure maintains transparency in promoter shareholding patterns while addressing the stock exchange's specific concerns regarding encumbrance reporting accuracy.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
+3.08%+1.35%+12.31%-4.74%+8.16%+278.41%

How might the encumbrance restrictions under the RPSA agreement impact 360 One WAM's ability to attract new strategic investors or execute future fundraising plans?

What potential implications could arise when the RPSA agreement's encumbrance limits change from 40% to 30% after the initial 12-month period?

Will APAC Company XV Limited's control over share transfers affect the promoter group's decision-making autonomy in future corporate governance matters?

360 ONE WAM LIMITED Completes Acquisition of Quark Solar Private Limited

1 min read     Updated on 30 Apr 2026, 08:40 PM
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Reviewed by
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AI Summary

360 ONE WAM LIMITED completed the acquisition of Quark Solar Private Limited on April 30, 2026, through its subsidiary 360 ONE Alternates Asset Management Limited. The transaction involved acquiring the entire fully paid up equity share capital on a fully diluted basis, following a Share Purchase Agreement executed on April 20, 2026. Quark Solar has now become a wholly owned subsidiary of the acquiring entity and a step-down subsidiary of 360 ONE WAM LIMITED, with the company ensuring full regulatory compliance under SEBI regulations.

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360 one wam LIMITED has successfully completed a strategic acquisition that expands its subsidiary portfolio. The company announced the completion of acquiring Quark Solar Private Limited through its wholly owned subsidiary 360 ONE Alternates Asset Management Limited on April 30, 2026.

Acquisition Details

The acquisition represents the culmination of a process that began with the execution of a Share Purchase Agreement on April 20, 2026. The transaction involved the complete acquisition of Quark Solar's equity capital structure.

Parameter: Details
Acquisition Date: April 30, 2026
Acquiring Entity: 360 ONE Alternates Asset Management Limited
Target Company: Quark Solar Private Limited
CIN: U51397MH1998PTC115885
Acquisition Scope: Entire fully paid up equity share capital on fully diluted basis

Corporate Structure Impact

Following the completion of this acquisition, the corporate structure has been reorganized with Quark Solar becoming integrated into the 360 ONE WAM group. The transaction has created a multi-tiered ownership structure within the organization.

New Ownership Structure

  • Quark Solar Private Limited has become a wholly owned subsidiary of 360 ONE Alternates Asset Management Limited
  • Simultaneously, Quark Solar has become a step-down wholly owned subsidiary of 360 ONE WAM LIMITED
  • The new structure became effective from April 30, 2026

Regulatory Compliance

The acquisition has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The company has informed both BSE Limited and The National Stock Exchange of India Limited about the completion of this material event. The disclosure references the SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with detailed disclosures pursuant to point A (1) of Annexure 18 having been provided in the initial intimation dated April 20, 2026.

Historical Stock Returns for 360 One WAM

1 Day5 Days1 Month6 Months1 Year5 Years
+3.08%+1.35%+12.31%-4.74%+8.16%+278.41%

How will this solar energy acquisition align with 360 ONE's broader alternative asset management strategy and ESG investment goals?

What operational synergies and revenue growth opportunities could emerge from integrating Quark Solar into the existing portfolio?

Will 360 ONE pursue additional renewable energy acquisitions to build a comprehensive clean energy investment platform?

More News on 360 One WAM

1 Year Returns:+8.16%