The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2026 for Kush Bhagat & Kyra Bhagat
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360 ONE WAM filed a disclosure under SEBI SAST Regulations 31(1) and 31(2) for promoter group members Kush Bhagat and Kyra Bhagat. On March 11, 2026, Shilpa Bhagat transferred 27 lakh equity shares (0.67% of share capital) by way of an off-market gift — 13.5 lakh shares (0.33%) each to her children Kush and Kyra. The filing also updates the encumbrance position under the 2022 Retention and Profit-Sharing Agreement (RPSA) with APAC Company XV Limited. The company has clarified that no actual pledge or lien has been created in favor of APAC, and APAC has no right to invoke the encumbrance or claim any right, title, or interest in the shares. Total shares under RPSA restriction for the KB Group stand at 1.33 crore shares (3.28%), and Yatin Shah's encumbrance is 93.99 lakh shares (2.32%).
This is a routine regulatory filing — the gift transfer is an internal promoter-family arrangement and does not change the overall promoter group shareholding. The 'encumbrance' is a contractual restriction under the RPSA, not a traditional loan pledge, so it poses no real risk of forced selling or stake dilution for shareholders.