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Onelife Capital Advisors Ltd.

BSE: 533632 Sector: Financials
NSE: ONELIFECAP ISIN Code: INE912L01015
BSE 00:00 | 23 Jul 15.10 -0.75
(-4.73%)
OPEN

15.65

HIGH

15.65

LOW

15.10

NSE 00:00 | 23 Jul 15.50 -0.05
(-0.32%)
OPEN

15.40

HIGH

16.25

LOW

14.80

OPEN 15.65
PREVIOUS CLOSE 15.85
VOLUME 870
52-Week high 35.50
52-Week low 15.10
P/E 215.71
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 15.65
CLOSE 15.85
VOLUME 870
52-Week high 35.50
52-Week low 15.10
P/E 215.71
Mkt Cap.(Rs cr) 20
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Onelife Capital Advisors Ltd. (ONELIFECAP) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to present you the performance of your Company for thefinancial year 2016-17.

This year was a period when your Company continued to focus on securing variousregulatory approvals for the acquisition of Destimoney Securities Private Limited and itsassociates as per the shareholder agreement concluded in 2015. While most of the approvalshave already been secured we still await certain regulatory and shareholder approvals toclose on this maiden acquisition for this Company. We are of the firm belief that thisacquisition can be of a significant and positive value accretion for all shareholders froma medium term perspective.

Presently we have fully secured the approvals for the acquisitions of DestimoneyDistribution Private Limited and Destimoney Commodities Private Limited and are at presentawaiting the approvals for Destimoney Securities Private Limited and Sarsan SecuritiesPrivate Limited. Your Company is pleased by the positive cooperation and support by allregulators and associates.

Your Company proposes to consolidate all its holding and Subsidiaries for ensuringclear focus and operations in the business. Thus the agriculture and gas businesses ofyour Company will be merged/ acquired/ swapped by Onelife Capital Advisors Limited. YourCompany intends to be a significant player in the Indianspace . financial services

The contemplated acquisition of Destimoney once concluded should result in yourCompany gaining access to the financial services businesses of Equities CommoditiesCurrency Mutual Funds Insurance and Real Estate. This would provide an immediatefootprint and market access across 300 towns and cities in India with a client base ofover 80000 and employs over 2000 professionals and agents. The entities together didrevenues of Rs. 786.05 Lakh for FY17.

Your Company by this acquisition is now positioned to benefit from the investment ofthe proceeds from the IPO in the most positive and efficient manner with potential offurther gains in future. Your management is also working actively towards addressing allchallenges which this acquisition may result into for providing best results and fastestoutcomes for the shareholders.

Your Company has forayed into the technology domain by choosing to develop amultipurpose mobile application for B2C connects and intends to develop this product overthe next 24 months.

This product should give your Company the technology edge required to build on itsfinancial services practice. Presently your Company has had the detailed businessdelivery blueprint readied for execution.

Thus while your management worked on all the above initiatives the non-completion ofthe acquisitions as planned has resulted in no revenues being reflected in terms ofoperating performance for FY17. But we seek and hope to close and integrate on the samein FY18/ FY19. services technology and Yourcompanyfocustherefore would target to get thebest of financial other segments. The management continues to educate explore plan andwork on opportunities in these areas.

We thank you for your active support and cooperation in all our ventures andendeavors..

Best Regards

Your sincerely

TKP Naig