We are enclosing a copy of Annual Secretarial Compliance Report for FY ended 31-03-2025.
ONELIFECAP · price
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Onelife Capital Advisors has submitted its Annual Secretarial Compliance Report for FY24-25 to BSE and NSE, disclosing multiple compliance issues. The company faced SEBI penalty action for alleged misstatements in financial statements and violation of LODR/PFUTP regulations covering FY 2018-2023, with fines of Rs. 15 lakh and Rs. 10 lakh imposed on the company and similar amounts on promoters/directors. Promoters Mr. Pandoo Naig and Mr. Prabhakar Naig have been barred from the securities market for one year from October 21, 2024, and prohibited from acting as director/KMP in any listed company except Onelife Capital. The company also failed to maintain minimum 6 directors on board for two quarters (paying total fines of ~Rs. 15.94 lakh to BSE and NSE), delayed filing of audited results (5 days), and had Related Party Transaction violations that were retrospectively ratified at the AGM for transactions worth about Rs. 16,180 lakhs. The statutory auditor resigned on 14 November 2024, and the company has appealed to the Securities Appellate Tribunal (SAT).
This is a serious red flag — the company is under active SEBI investigation with monetary penalties, and its key promoters are barred from the securities market. Despite the company claiming ratification of past violations, ongoing SAT appeals mean material legal and regulatory risk remains. Shareholders should expect continued stock-price pressure and heightened governance scrutiny.