Onelife Capital Advisors Limited has disclosed a significant share pledge by its promoter, Prabhakara Naig. The company has reported that Naig has pledged 49,05,000 equity shares, representing 36.71% of the company's total share capital, to Globe Fincap Limited.

Key Details of the Share Pledge

Impact on Promoter Shareholding

The pledged shares constitute 99.20% of the promoter's total shareholding in Onelife Capital Advisors. This move significantly increases the encumbered portion of the promoter's stake in the company.

Correction in Disclosure

The company issued a revised disclosure on November 10, 2025, correcting an earlier error in the lender's name. The initial disclosure mistakenly mentioned Globe Capital Market Ltd as the lender, which has now been corrected to Globe Fincap Limited.

Regulatory Compliance

This disclosure has been made in accordance with Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has submitted the required details to both the BSE Limited and the National Stock Exchange of India Ltd.

Financial Implications

The pledge agreement reveals a notable disparity between the loan amount and the value of the pledged shares:

This high security cover ratio suggests a conservative lending approach by Globe Fincap Limited, potentially reflecting the volatile nature of equity as collateral or specific terms negotiated between the parties.

Onelife Capital Advisors Limited , a company listed on both BSE and NSE, has reported a significant pledge of shares by its promoter, Prabhakara Naig. The disclosure, made under SEBI regulations, reveals a substantial transaction involving the company's equity shares.

Details of the Pledge

Promoter's Shareholding

The pledge transaction, as disclosed in the LODR (Listing Obligations and Disclosure Requirements) data, was reported to the stock exchanges on November 4, 2025. This action falls under the purview of Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, Prabhakara Naig had already encumbered 2,000,000 shares, representing 14.97% of the company's total share capital. With this additional pledge, the total number of encumbered shares in his holding has increased significantly.

This level of disclosure aligns with SEBI's regulations aimed at ensuring transparency in substantial share transactions, particularly those involving company promoters.

Investors and market watchers may want to keep an eye on any potential implications this pledge might have on the company's ownership structure and future decision-making processes. However, it's important to note that share pledges are a common financial tool used by promoters and do not necessarily indicate any immediate change in the company's operations or strategy.