Karan Bhagat For and on behalf of Promoter and Promoter Group of the Company has Submitted to the Exchange a copy of Disclosure under Regulation 31(1) and 31 (2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Karan Bhagat, on behalf of the promoter and promoter group of 360 ONE WAM, has filed a disclosure under SEBI SAST Regulations 31(1) and 31(2) dated March 13, 2026. The filing discloses encumbrance/restriction details on shares held by the KB Group (Karan Bhagat, Shilpa Bhagat, Kush Bhagat, Kyra Bhagat, family trusts, and Kyrush Investments) and the YS Group (Yatin Shah) under a Retention and Profit-Sharing Agreement (RPSA) with APAC Company XV Limited signed in October 2022. The filing explicitly clarifies that no actual pledge or lien has been created on shares in favour of APAC — these are contractual restrictions on transfer and encumbrance. Separately, on March 11, 2026, Shilpa Bhagat gifted 27,00,000 equity shares (13.5 lakh each to Kush and Kyra Bhagat) via an off-market inter se transfer. Total promoter-group shares subject to RPSA restrictions stand at 1,33,00,000 shares (3.28% of share capital), with no shares actually pledged.
This is a routine regulatory disclosure and not indicative of any financial stress or stake sale. No actual pledges were created, and the inter se transfer is a family gift within the promoter group, which has no impact on overall promoter shareholding. Shareholders should not read this as negative news for the stock.