Onelife Capital Advisors Limited Rights Issue Monitoring Report Confirms No Deviation in Fund Utilization
Onelife Capital Advisors Limited, a company operating in the Stockbroking & Allied / Financial Services sector and promoted by Mr. Prabhakar Naig and Mr. Pandoo Prabhakar Naig, has received the Monitoring Agency (MA) Report for the quarter ended March 31, 2026. The report, issued by Acuité Ratings and Research Limited, pertains to the utilization of proceeds from the company's Rights Issue.The company conducted the Rights Issue, which had an issue size of INR 36.00 Cr, during the period from February 23, 2026, to March 16, 2026.
Monitoring Agency Findings
The Monitoring Agency confirmed that there is no deviation observed in the utilization of the issue proceeds. The MA report specifically noted that the utilization of funds in the respective objects is in line with the disclosures made by the company. The report confirmed that material deviation is not observed concerning the expenditure and that no Government or statutory approval is required for the stated objects.Object Utilization Summary
The proceeds were allocated across three primary objects: investment in a subsidiary, General Corporate Purpose (GCP), and issue related expenses. The total original cost of these objectives was INR 36.00 Cr.The utilization details for the period are summarized below:
| Item Head | Original Cost (INR Cr.) | Amount Utilized (INR Cr.) | Amount Unutilized (INR Cr.) |
|---|---|---|---|
| Investment in subsidiary, Dealmoney Commodities Private Limited | 27.00 | 22.50 | 4.50 |
| General Corporate Purpose | 8.64 | 4.80 | 3.84 |
| Issue Related Expenses | 0.36 | 0.05 | 0.31 |
| Total | 36.00 | 27.30 | 8.70 |
Progress and Deployment of Funds
The utilization of the proceeds showed significant progress toward the allocated objectives:1. Investment in subsidiary: Out of the INR 27.00 Cr allocated, INR 22.50 Cr was utilized during the quarter.
2. General Corporate Purpose: Utilization reached INR 4.80 Cr against a proposed cost of INR 8.64 Cr.
3. Issue Related Expenses: The amount utilized was INR 0.05 Cr against a total of INR 0.36 Cr.
The monitoring report also provided details regarding the deployment of the unutilized Rights Issue Proceeds. A portion of the unutilized funds, amounting to INR 3,20,00,000.00, has been invested in a Fixed Deposit with HDFC Bank, which has a maturity date of April 06, 2026.
For the General Corporate Purpose, the remaining unutilized balance of INR 3.20 Cr was placed as a Fixed Deposit with HDFC Bank, while a total balance of INR 5.50 Cr is maintained in the Monitoring Agency Account with HDFC Bank.
The Monitoring Agency noted that regarding the General Corporate Purpose, during FY 2025-26, INR 4.80 Crores were utilized for ordinary course of business. The remaining unutilized amounts are planned for utilization in the next financial year.
ONELIFECAP Stock Price Movement
Today, Onelife Capital Advisors Limited shares edged higher to close at ₹20.47, gaining 4.75%. The stock hit its 52-week high of ₹20.54, with trading concluding on a volume of 58,133 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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