This disclosure details the current status of share encumbrance for the Promoter Group, including Karan Bhagat, Shilpa Bhagat, and associated trusts (collectively ‘KB Group’) in 360 ONE WAM LIMITED as of March 13, 2026. The ‘KB Group’ currently has 1,33,00,000 shares (3.28%) subject to restrictions under a Retention and Profit-Sharing Agreement (RPSA). Crucially, as of this date, no shares are pledged (0 pledged shares).
Share Encumbrance Reporting Overview
This document serves as a mandatory disclosure regarding the encumbrance of shares held by the Promoter(s) and Persons Acting in Concert (PACs) in 360 ONE WAM LIMITED (TC), reported on March 13, 2026. The reporting entities are collectively referred to as the “KB Group”, comprising Karan Bhagat, Shilpa Bhagat, Kush Bhagat, Kyra Bhagat, Kyra Family Private Trust, Kush Family Private Trust, and Kyrush Investment.
Status of Encumbrance and Pledges
The core of this update confirms that the KB Group has not created any pledge/lien on the shares held in the Target Company in favor of APAC Company XV Limited (APAC). Furthermore, APAC does not hold any right to invoke such encumbrance.
Shares Subject to RPSA Restrictions (As of March 11, 2026)
Following the Retention and Profit-Sharing Agreement (RPSA) dated 31-10-2022, certain holdings are subject to restrictions. The total number of shares subject to these restrictions (Category A) and the number pledged (Category B) are summarized below:
- Total Shares Subject to Restrictions (A): 1,33,00,000 shares (3.28%).
- Total Shares Pledged (B): Nil.
- Total Restricted/Pledged (A+B): 1,33,00,000 shares (3.28%).
Key individuals/entities under restriction include Kyra Family Private Trust and Kush Family Private Trust, each with 53,00,00,000 shares (1.31%) subject to restrictions, and Kush Bhagat and Kyra Bhagat, each with 13,50,000 shares (0.33%) subject to restrictions. All figures show Nil pledged shares.
Recent Inter Se Transfer Note
A significant transaction occurred on March 11, 2026: Ms. Shilpa Bhagat executed an off-market inter se transfer, gifting 27,00,000 equity shares of the Company equally to Mr. Kush Bhagat and Ms. Kyra Bhagat (13,50,000 shares each). This transfer required disclosures under Regulations 29(1) and 29(2) submitted on March 13, 2026.
Details on Encumbrance Events (Creation/Release)
The main table details specific events leading to the current status:
- Kush Bhagat and Kyra Bhagat: Recorded a “Creation” of encumbrance on March 11, 2026. The nature of the encumbrance is listed as “Others required to be fulfilled by the KB Group under the RPSA”. The shares involved were 13,50,000 (0.33%) each, encumbered in favor of APAC Company XV Limited.
Yatin Shah (YS Group) Disclosure
A separate disclosure addresses the YS Group (Yatin Shah and Amit Yatin Shah). Similar to the KB Group, YS Group has not created any pledge/lien in favor of APAC. However, under the RPSA, Yatin Shah has 93,99,771 shares (2.32%) subject to restrictions as of the reporting date, with Nil shares pledged.
Source: BSE
