Onelife Capital Advisors Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on Jun 24, 2025
ONELIFECAP · price
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Onelife Capital Advisors held an Extraordinary General Meeting on June 24, 2025, via video conferencing from 11:30 AM to 12:23 PM, chaired by Executive Director Mr. Pandoo Naig. The meeting addressed 14 items of business, including ratification of related party transactions for FY 2024-25 and approval of material related party transactions for FY 2025-26 with multiple entities such as Family Care Hospitals, Dealmoney Commodities, Dealmoney Real Estate, and others. Two new Non-Executive Independent Directors — Mr. Nitesh Singh and Dr. Ranu Jain — were regularized through special resolutions. The Board also sought shareholder approval to borrow up to Rs. 500 crore and to make investments, loans, and guarantees up to Rs. 1,000 crore over five years, plus authorization to sell shares in subsidiary Dealmoney Commodities Private Limited. Voting results are pending and will be declared within the regulatory timeframe by scrutinizer M/s. Mukesh Siroya and Co.
The Rs. 500 crore borrowing limit and Rs. 1,000 crore investment/loan authorization signal aggressive capital deployment plans, which could materially expand the company's financial footprint. Multiple related party transactions and a subsidiary share sale suggest ongoing restructuring or fund-raising activity; shareholders should review the voting results once declared for the final outcome.