360 ONE WAM LIMITED Completes Acquisition of Quark Solar Private Limited

360 one wam LIMITED has successfully completed a strategic acquisition that expands its subsidiary portfolio. The company announced the completion of acquiring Quark Solar Private Limited through its wholly owned subsidiary 360 ONE Alternates Asset Management Limited on April 30, 2026.

Acquisition Details

The acquisition represents the culmination of a process that began with the execution of a Share Purchase Agreement on April 20, 2026. The transaction involved the complete acquisition of Quark Solar's equity capital structure.

Parameter: Details Acquisition Date: April 30, 2026 Acquiring Entity: 360 ONE Alternates Asset Management Limited Target Company: Quark Solar Private Limited CIN: U51397MH1998PTC115885 Acquisition Scope: Entire fully paid up equity share capital on fully diluted basis

Corporate Structure Impact

Following the completion of this acquisition, the corporate structure has been reorganized with Quark Solar becoming integrated into the 360 ONE WAM group. The transaction has created a multi-tiered ownership structure within the organization.

New Ownership Structure

Quark Solar Private Limited has become a wholly owned subsidiary of 360 ONE Alternates Asset Management Limited

Simultaneously, Quark Solar has become a step-down wholly owned subsidiary of 360 ONE WAM LIMITED

The new structure became effective from April 30, 2026

Regulatory Compliance

The acquisition has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The company has informed both BSE Limited and The National Stock Exchange of India Limited about the completion of this material event. The disclosure references the SEBI Master Circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with detailed disclosures pursuant to point A (1) of Annexure 18 having been provided in the initial intimation dated April 20, 2026.

360 one wam Limited has completed the allotment of equity shares to employees through the exercise of Employee Stock Options, marking another milestone in the company's employee incentive program. The allotment was formally approved by the company's Nomination and Remuneration Committee on April 22, 2026.

Share Allotment Details

The company has allotted a total of 1,56,782 equity shares with a face value of Re. 1/- each to eligible employees who exercised their stock options under the Employee Stock Options Scheme. This allotment represents the conversion of employee stock options into actual equity ownership in the company.

Parameter: Details Shares Allotted: 1,56,782 equity shares Face Value: Re. 1/- per share Allotment Date: April 22, 2026 Approval Authority: Nomination and Remuneration Committee

Impact on Share Capital

The allotment has resulted in an increase in the company's issued, subscribed and paid-up share capital. The capital structure has been enhanced following the successful exercise of employee stock options.

Capital Component: Before Allotment After Allotment Paid-up Share Capital: Rs. 40,61,38,438 Rs. 40,62,95,220 Total Equity Shares: 40,61,38,438 shares 40,62,95,220 shares Face Value per Share: Re. 1/- Re. 1/-

Regulatory Compliance

The company has informed both major stock exchanges about this corporate action. The allotment details have been communicated to BSE Limited and the National Stock Exchange of India Limited as part of the mandatory disclosure requirements. Company Secretary Rohit Bhase signed the official communication to the exchanges, ensuring full regulatory compliance.

This ESOP exercise reflects the company's commitment to employee participation in its growth story and demonstrates confidence in the organization's future prospects among its workforce.

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