The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on May ....
360ONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
360 ONE WAM has re-filed an encumbrance disclosure after certain members of the promoter group were reclassified from 'Promoter & Promoter Group' to 'Public' under SEBI Listing Regulations. No new pledges or changes in existing encumbrances have been made. Post-reclassification, promoter shareholding stands at 2,86,28,244 shares or 7.27% of total share capital, with 86.57% of these promoter shares (including PAC) currently encumbered. The encumbrances comprise a 1.33 crore share non-disposal undertaking by Karan Bhagat (dated Oct 2022, 3.38% of total capital), and two pledge facilities by Shilpa Bhagat with Aditya Birla Finance (Sep 2024, 7 lakh shares) and jointly by Karan & Shilpa Bhagat with Tata Capital (Sep 2024, 19 lakh shares), both raised by partnership firm Kyrush Investments for personal investment purposes.
This is largely a procedural re-filing triggered by promoter group reclassification rather than fresh pledging activity, so there is no new negative signal. Investors should note that over 86% of the promoter group's reduced 7.27% stake is encumbered, indicating limited free float among promoters, though encumbrances as a share of total company capital remain low at around 4%.