360 ONE WAM held its 19th Annual General Meeting on September 2, 2026, where shareholders approved the formation of the 360 ONE Employee Stock Appreciation Rights Scheme 2026.

The virtual meeting commenced at 12:00 pm and concluded at 12:42 pm. A total of 119 members, representing 1,56,27,895 equity shares, attended via Video Conferencing or Other Audio Visual Means.

Resolutions Passed

The company considered six resolutions during the proceedings. Four ordinary resolutions related to standard annual business matters, while two special resolutions focused on employee compensation structures.

Governance and Audit

Mr. Akhil Gupta, Chairperson, chaired the meeting. Mr. Karan Bhagat, Managing Director, apprised members of the company’s performance for the financial year ended March 31, 2026.

The statutory auditors, S. R. Batliboi & Co. LLP, and secretarial auditors, Mehta and Mehta, confirmed that their reports contained no qualifications or observations with material adverse effects on the company’s functioning.

Remote e-voting was available from August 28, 2026, to September 1, 2026. The cut-off date for voting eligibility was August 26, 2026.

360 ONE WAM Limited has redirected the transfer of its alternative investment fund (AIF) business from subsidiary 360 ONE Portfolio Managers Limited (PML) to another wholly owned entity, 360 ONE Alternates Asset Management Limited (AAM). The boards of both subsidiaries approved the revised structure in meetings held on August 28, 2026.

The company withdrew its earlier proposal to transfer the AIF business to 360 ONE Asset Management Limited (AMC), which had been approved in April 2026. Instead, the business will now move to AAM on a going concern and slump sale basis. The transaction involves a lump sum consideration not less than the net book value of the business, subject to working capital adjustments.

Strategic Consolidation

The proposed business transfer aims to consolidate the company’s alternative investment funds under a single platform. Management stated that moving the AIF business from PML to AAM is expected to create a larger investment platform with sharper focus on this segment. The restructuring is also projected to yield operational efficiency across the group.

Since both PML and AAM are wholly owned subsidiaries of 360 ONE WAM, the transaction does not involve any third party. The company clarified that the move does not change the shareholding pattern of the parent company or its subsidiaries. It also confirmed that the transfer does not benefit the promoter group or prejudice the interests of investors, creditors, or the public.

What the Numbers Show

The decision to route the AIF business through a dedicated asset management subsidiary rather than the broader AMC suggests a strategic intent to ring-fence or specialize the alternative investment vertical. By transferring the business on a slump sale basis at net book value, the group avoids immediate tax implications associated with asset-by-asset transfers while maintaining continuity for existing fund structures.

The effective date of the transfer remains to be determined by PML and AAM. The deal is subject to necessary approvals, consents, and permissions as outlined in the draft business transfer agreement.