The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on November ....
ONELIFECAP · price
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Promoter Prabhakara Naig has revised his disclosure regarding a pledge of 49,05,000 equity shares (36.71% of total share capital) of Onelife Capital Advisors, originally created on 3 November 2025 in favour of Globe Fincap Ltd (an NBFC). The revision only corrects the pledgee's name (previously misstated as Globe Capital Market Ltd). After this pledge, Prabhakara Naig's total encumbered shares stand at 69,05,000 shares — which is 51.68% of the company's total share capital and a striking 99.20% of his own promoter holding. The loan amount of ₹2 crore is secured against shares valued at about ₹7.36 crore (a cover of 3.67x) and was raised for working capital and other business purposes, not for the listed company directly.
With virtually the entire promoter stake now pledged, any decline in the share price or stress at Globe Fincap could trigger a margin call or invocation, putting downward pressure on the stock. Retail investors should treat the very high pledge level as a significant risk flag despite the comfortable 3.67x security cover today.