Onelife Capital Advisors Limited has successfully concluded its board meeting held on December 10, 2025, with significant approvals that will impact the company's capital structure and business expansion plans. The board has given its approval for a rights issue of up to ₹30.00 crores and other strategic initiatives, as communicated to BSE Limited and National Stock Exchange of India Limited.

Board Meeting Outcomes

The key decisions taken during the board meeting are outlined below:

Rights Issue Committee Meeting Scheduled

Following the board's approval, the company has scheduled a Rights Issue Committee meeting for December 17, 2025, to be conducted through video conferencing. The meeting will focus on finalizing the specific terms of the rights issue that were initially approved by the board.

Rights Issue Terms to be Finalized

The Rights Issue Committee meeting will address several critical aspects of the ₹30.00 crore fundraising initiative. The committee will determine the rights issue price and related payment mechanism, rights entitlement ratio, record date, and timing of the rights issue.

The detailed terms of the rights issue, including issue price, rights entitlement ratio, record date, timing, and terms of payment, will be determined in due course by the Board or Rights Issue Committee in accordance with applicable laws and subject to receipt of necessary approvals including in-principle approval from stock exchanges.

Rights Issue Committee Composition

To oversee the rights issue process, the board has constituted a Rights Issue Committee with the following composition:

This committee will handle the issue, offer, and allotment of equity shares and other matters in connection with or incidental to the rights issue.

Trading Window and Regulatory Compliance

In compliance with SEBI regulations, the company has announced the closure of the trading window for dealing in securities from December 12, 2025, until 48 hours after the conclusion of the Rights Issue Committee meeting on December 17, 2025. This measure ensures compliance with insider trading regulations during the decision-making process.

All approvals remain subject to receipt of statutory and regulatory approvals in accordance with the amended SEBI regulations and other applicable frameworks. The company continues to maintain compliance with all necessary regulatory requirements for the proposed corporate actions.

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.