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  3. Onelife Capital Advisors Completes Rights Issue Allotment Worth ₹36 Crore
ipo services in India
India IPO
  • 17 Mar 2026
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 Onelife Capital Advisors Completes Rights Issue Allotment Worth ₹36 Crore

Onelife Capital Advisors Limited has completed the allotment of 2,40,00,000 rights equity shares at ₹15 per share, raising ₹36 crore through the rights issue approved by the Board of Directors on March 17, 2026. The allotment has increased the company's paid-up equity share capital from ₹13,36,00,000 to ₹37,36,00,000, with the total number of equity shares rising from 1,33,60,000 to 3,73,60,000. The rights issue was conducted in accordance with the Letter of Offer dated February 10, 2026, with KFin Technologies Limited serving as the registrar and BSE Limited as the designated stock exchange.

Onelife Capital Advisors Completes Rights Issue Allotment Worth ₹36 Crore

Onelife capital advisors Limited has successfully completed a significant rights issue allotment, marking a major milestone in the company's capital expansion plans. The Board of Directors of the Rights Issue Committee approved the allotment of equity shares on March 17, 2026, following regulatory compliance and consultation with relevant authorities.

Rights Issue Allotment Details

The company has allotted 2,40,00,000 rights equity shares with specific pricing and premium structure. The allotment was conducted in accordance with the Letter of Offer dated February 10, 2026, and the basis of allotment was finalized in consultation with BSE Limited, which served as the designated stock exchange for this rights issue.

Parameter: Details Number of Shares Allotted: 2,40,00,000 Rights Equity Shares Face Value per Share: ₹10 Issue Price per Share: ₹15 Premium per Share: ₹5 Total Issue Value: ₹36,00,00,000 Registrar to Issue: KFin Technologies Limited

Capital Structure Transformation

The rights issue has resulted in a substantial increase in the company's paid-up equity share capital. This expansion represents a significant enhancement to the company's capital base and financial structure.

Capital Structure: Before Allotment After Allotment Paid-up Equity Capital: ₹13,36,00,000 ₹37,36,00,000 Number of Equity Shares: 1,33,60,000 3,73,60,000 Face Value per Share: ₹10 ₹10

Board Meeting and Regulatory Compliance

The Rights Issue Committee's Board of Directors meeting was conducted on March 17, 2026, commencing at 07:00 P.M. and concluding at 07:30 P.M. The meeting was chaired by Prabhakara Naig, who serves as Chairperson and Whole Time Director of the company. The allotment was approved in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the completion of the rights issue allotment. This communication ensures transparency and regulatory compliance, keeping all stakeholders informed about the significant corporate action and its impact on the company's capital structure.

Onelife Capital Advisors Limited has successfully completed its postal ballot process with overwhelming shareholder approval for the re-appointment of three independent directors. The company submitted regulatory disclosures to BSE Limited and National Stock Exchange of India Limited on March 10, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Results and Regulatory Compliance

All three special resolutions for the re-appointment of independent directors achieved identical approval rates of 99.82% through remote e-voting conducted via Central Depository Services (India) Limited's platform. The voting process was completed on March 07, 2026, with the scrutinizer's report submitted by Mr. Mukesh Siroya of M. Siroya & Co, Company Secretaries.

Resolution: Director Details Votes in Favor Votes Against Approval Rate Resolution 1: Dr. Ranu Jain (DIN: 11012104) 7311368 13263 99.82% Resolution 2: Mr. Nitesh Singh (DIN: 08707310) 7311373 13258 99.82% Resolution 3: Mr. Abhay Sethia (DIN: 09721583) 7311373 13258 99.82%

Director Appointments and Effective Dates

The re-appointments are for second five-year terms as Non-Executive Independent Directors. Dr. Ranu Jain and Mr. Nitesh Singh's appointments are effective from March 29, 2026, while Mr. Abhay Sethia's appointment is effective from January 13, 2026.

Director Profile: Details Dr. Ranu Jain: Gold medalist with PhD in capital markets, 15+ years experience Mr. Nitesh Singh: Chartered Accountant with 11+ years across diverse industries Mr. Abhay Sethia: Finance professional with 14+ years in taxation and compliance

Voting Participation and Shareholder Support

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, with the record date set as January 30, 2026. The company had 10174 total shareholders on the record date, with 63 members participating in the voting process.

Participation Metrics: Details Total Shareholders: 10174 Members Participated: 63 Valid Votes Cast: 7324631 Promoter Group Participation: 100.00% Public Non-Institutional Participation: 5.70%

Corporate Governance and Compliance

The successful completion demonstrates strong shareholder confidence in the board's governance structure. All directors confirmed they are not related to any existing Directors or Key Managerial Personnel of the company and are not debarred from holding directorship pursuant to any SEBI order or other authority. The company maintained full compliance with all applicable regulations including the Companies Act, 2013, and SEBI listing requirements, with electronic data and relevant records preserved as per regulatory requirements.

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