Onelife Capital Advisors Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 24, 2025
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Onelife Capital Advisors has called an Extraordinary General Meeting on June 24, 2025 (via video conferencing) to seek shareholder approval on 14 key resolutions. These include ratification of related party transactions with Dealmoney Real Estate and Dealmoney Commodities for FY2024-25, notably the acquisition of two step-down subsidiaries (Dealmoney Real Estate Pvt Ltd and Dealmoney Distribution & E-Marketing Pvt Ltd) for ₹25 Crores from Dealmoney Commodities. The company is also seeking approval for material related party transactions with seven entities (including Family Care Hospitals, Continental Controls, Oodnap Securities, Pran Fertilisers, DP Engineering, etc.) for FY2025-26, regularization of two newly appointed independent directors (Mr. Nitesh Singh and Dr. Ranu Jain), and authorization to borrow up to ₹500 Crores and to make investments/loans/guarantees up to ₹1,000 Crores over 5 years. Additionally, shareholders' consent is being sought to sell the company's 92.02% stake in subsidiary Dealmoney Commodities to Continental Controls Limited. Book closure is from June 17-24, 2025, and e-voting runs from June 21-23, 2025.
This EGM covers significant corporate restructuring — a ₹25 Crore subsidiary consolidation, a potential sale of the Dealmoney Commodities stake, and a major expansion in borrowing (₹500 Cr) and investment (₹1,000 Cr) limits over five years. Shareholders should review these resolutions carefully as they involve multiple related party transactions and could materially reshape the company's group structure and capital profile.