Q Onelife Capital Advisors Limited CIN: L74140MH2007PLC173660 onelife Tel no.1022-25833206 Fax: 022- 41842228 Email id: cs@one|ifecapital.in, Web: www.0nelifecapital.in one solution 14“1 August, 2018 To, BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza Phiroze Jeejeebhoy Towers Bandra- Kurla Complex Dalal Street, Fort, Bandra, Mumbai- 400 051 Mumbai- 400 001 Scrip Code: 533632 Symbol: ONELIFECAP Dear Sir / Madam, Sub: Outcome of Board Meeting of ”Onelife Capital Advisors Limited" held at the Registered Office of the Company on Tuesdav, 14fh August, 2018 at 2.00 gm. concluded at 11.59 pm. The Board of Directors at its Meeting held on 14'11 August, 2018 considered after due deliberation approved the following: 1. The un-audited Standalone and Consolidated Financial Results for the 15"t Quarter ended 30th June, 2018 alongwith the Limited Review Report Kindly take the above on your record. Thanking You, Yours Faithfully, For Onelife Capital Advisors Limited iti Mahamunkar Company Secretary 8: Compliance Officer Regd. Office: Plot No. A356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (West) ~400604, Maharashtra, India.
Transcript
Q Onelife Capital Advisors LimitedCIN: L74140MH2007PLC173660
“=2 The Statement at standatone and consoitdated financiat resuits have bear-t p-regarad in aGcordance with tndian, Accounting Standards (ma AS} prascrtbed under Section 133 at the
(Sampanias .1:th 20-13, read with Rutfi 3 cf the Campanias (tmttan Rewriting. $tandards) Rates, 2015! -Ccmpan'ies {indian Accounting standards) (Amendment) Rates; .2016 and mm:
accounting principies getteratty accepted in India. There is no minnrity interast."
”the abate standaime and wnsotidated financtat resutts- have been reviewett by the Audit Committee and apmoved by the Board of Streams at its; meeting new are: 14123 August,2018 and have been subjéc’te-d t0 Simited review»; by the Statutes? Auditors at the Company,
Figures for the quarter ended Marat}. '31. 28’58 regrasents: the bafantfzing figures. betwaan the audited figures it»! the: Mt financiat year and the p-ubiished wear ta date raviawed figuresupta third quarter at "the ftnatmiat year ended March 31.; 261-8.
Additimat dtsctosum in aswrcfianca with Regutatian 32 at Securitieg and Exahange Beard 0f midis; (Listing Obttgatims and Uisctosura Requirements} Regutattons, 2015:
The Campany had made inittat Pubitc Otter {W0} vide Prospect-us dated October to. 201 t and issued 33,50,000 equity shares of Rum each {at cash, at a pramtu‘m of Rawfil- perthat-a: ».aggmgating tn Rs. 3,685takhse to the: white,
”hat {Rampart}: had passe-ti spacial tasotation for attartng the agents fur which amount was ratsed throwgh $130 with requisite majority which was annoursoed on January 23, 203.4. ”the
Company had again issued nattce of mafia! hate: and pawsd. the spectat resatutton with requisite materity which has been amaunced an February 13, 2016 whereby the objects of
the. bate-maze tPG premeds; of 12:33.825 faiths has bezel“: substituted. by the fottowmg objects:
{3} £90 tam-seeds of Rs, 2,430 takhs. to be‘useé for Strategic Investments. either directty or ta-directty or by i through substdiarias or Associates. by way of acquiring the controiting stake
inctmfiing but not timtted w takeover, merger, eta-merger and to: amuisitton and other matter incidentat thereto or any combinaticn thereof; and
{ti} £21530 gamma-ts of Rs. 195 itakhs to be used for the rem-vationi addition in the Premises where Company’s Registered Office is presentty situated.
The Cmttpany accvordéngty has utttis'ed the EM) gromads as. under:
ParttctttarsActual
t “P
e. 300% at"
by Purpte India Raiding Limited {Wholty own
UP
308% Equity shares) at Gemini-Ones! Distribution and
Servécm Prévate Limited
of tt.,00,.00(} paid up t
{tat 1.03% Equity skates} of Bestimoney Commodities
By way of acqntsiticn at 103% equtty shatatwtdtng 0? Mia. Eyatid intrastmctuta
I
.- 5(mUt‘tg’ttfitfitté t g*
a if."I
5
ii} The flampany 830119 with Deaimmey Securities Pvt. Ltd. had submitted the appiiaatien t0 3882 far acquisitign of Sahara Asset-15s Management Company Pvt. Lid.E"? The. Gammny has Appointed or: .2581. duty, .2018, Ms. Aditi Mahamunkar as Campany Secreiary and. Camptiance cfiicer of the Company,'12 The Segmem regamng is enaiased.
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“E3 Preview pefiad’s; 1 year figures have imam mgmupefi m rec¥as3§f§em Wherever necessary :9 make them wmparabée wiin the figures a? the currem period._
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On appmva! a? the Semi of Sires-tars {allowing nature of transactions 1 aczimes were aarried out:
F’urpze :ndia Raiding Liméied has acquired 100% a? the sharehmdéng in Sea§maney Distribufian Advisory Services pvt. mi, {formed}; known as Gestimany Distributicn and AdviaiovySemces Private Limited} for a cansM-eration of Rs. 400 fakhs. Pumia ladéa Hotding Limited has acquired 200% of the sharehcédin‘g in Deeimeney Commadity Pvt. Ltd. {formefy knownas Beséimonay Commodity Pvt. Ltd.) for a consideratian of Rs. 525 iakhs. Purpie India Haiding Limited had signed a Share Purchase Agreement to purchase majorityequity shares {2f{De-stimangy Securities Private Limited am: Sarsan Securities Pvt- Ltd... subjact {a regufatory approvais. Thaw campanies together with their subsidiaries am in the business 9f stockbraking; commmiify bro-king, waait’h management. third party financiat product sales and a Nonfianking Financiai Company. As some approvais were taking time beyond theagreamera’: timefi'nes entered with D-estim-oney Enterprises Limited, Mauritius. the shares of fieaimonay Sacmfiies Private Limited (gormeriy knew: as Desti’mcnay Securiiias Pvt. Ltd...)have; bear: acqu§red by associated amézies. The Board has at its meeting mm on August 31, 2037' .3350 approved acquisiiion of beaimoney Securities Private..Limite-d’s. sharehcldfin-gimerger and 2:} seek appropriate reguiatow approvais as may be (leg-aired.
The Can/many has amenrieai on 2582 July, 2018, the abject Gauss cf the Memma‘ndum of Assaci'afion by of the Company by inserting fofiowing: 3) New cfausa into the Main cities-tsreiating t0 Mutuai fwd actfivity. Efivcomm‘arce. lnfnrmation 'tezhmésgy and pursuing objects incidentaf and an-ciiiary {a the attainment of the main abgect and other ob}ects; ii)Substituting that existing Ciausa N by the fo’ilowing- ciause "The tiabiiity of the membarcs) is iimitad and this iiabifity is fimited to. the .amaunt unpaid, if any, on the shares; hem by them;iii} stamina of existing Ciause V (b) and renumbcring Ciause V {a} as Ciause V in the Memorandum cf Asseciation; Subieci to: approvai of Members.The financiai gamma-ants of the subsidiary Daaimaney Commcdity Pvt. Ltd, a cammodity broking company, are not subgected ta review by its auditors and the amounts anddiscéosures imz’udad En reuse-ct cf this subsidiary in the above masciidafied financial rasufits are based on the unreviaweci financiai statements provided by the Managament of mewhammy,
The Campany has for the first. tim-aapted to submit the censmidated quarts-arty} year ta date financial results for fina-noia¥ year 201849 {0 the stock exchanges. The carrespondingfigures is! the quariers ended Jun-e 30, 201? and March 31. 2018 have not been. subjegted {a i‘imited revimv by the statutory auditors. Howevar, the Company‘s Management hasexemimd necessary due deiigance to ensure that Such {Emmi-23$ resufits providev a. (we and fair View of its rues-mm I affairs.
The Bamd of Sirectms have dead-ad to revise the Schemem Arrangement earlier approved by the Board on November Nth. 2:31? and to structure. it into km: separate parts is bring{he broking businsss into one company and to simpfify the: bowing structure a: the same time. Accordingiy, the Bayard has approved the fofmwéng schemas: {a} Merger a? DestimaaeyGammadiiies private Limited with Daaimaney’Securities Préva'£$ Limited {Merger .. 1.) as as to have one Operating company far broking business in tha group; and (b) Marga; ofOneéifa Gas Energy 55 infrastructure Limiied, Goa-d Yieid Fadifisers and“ Pesticides Private Limited. Desiimmay Qistribution amen? Advisory Services Private Limited, Gwdyiekfi FarmingLimited, Leamim Software- and T‘rading Fri-vane Limited, Oneiéfe Ecopawar and Efigéneering Limited and Purpfie India fiofd‘ings Umit-ed with Gaefife Sapitai‘ Advisers Limited {Merger «~
2) and to have ona Operating company far ether business. of the group.
The above transactions are with effect fwm Apr?! 01, 2037 and are sumac! to. appmval of Sharehoidara, Creditors, Nationat {Sompany Law Tribmai amd Regu¥atory Authorities (VaricusAmfioritées) as may he mammary. No effect has been given in the financia: resuits at the Company pending the requisite appr‘wais.
”me Comma}; has flied an appiication for thesaéd Scheme of’Arrangemems with {he Regan-3% Directors (Westmn Region) ~ Ministry cf Samurai-e Affaks cm 10th Matt. 2018:.
Piace: Thane
flake: 14th August, 2013
ONELiFE CAPITAL ADVISORS LIMITED
fiegment wise-e Revenue, Results and Capital Empioyad
1 1 1, M. Karve Rood, Churchgote, 1 17, M. Korve Rood, Churchgate,
Mumboi - 400 020. Mumboi - 400 020.
Tel.: (+91-22) 4311 5000 Tel.: (+91-22) 4311 6000
Fox : 431 1 5050 Fax : 431 1 6060
Independent Auditor's Report on Quarterly Unaudited Standalone Financial Results
of Onelife Capital Advisors Limited Pursuant to the Regulation 33 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015
To
The Board of Directors of
Onelife Capital Advisors Limited
1. We have reviewed the accompanying Statement of Unaudited Standalone
Financial Results of Onelife Capital Advisors Limited (“the Company”) for the
quarter ended June 30, 2018 (“the Statement”), being submitted by the Company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with SEBI Circular No.
ClR/CFD/FAC/62/2016 dated July 05, 2016.
The Statement, which is the responsibility of the Company's Management and
approved by the Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in the Indian Accounting
Standard (“Ind AS”) 34 “Interim Financial Reporting”, prescribed under section 133
of the Companies Act, 2013 read with relevant rules issued there under and other
accounting principles generally accepted in India. Our responsibility is to issue a
report on the Statement based on our review.
2. We conducted our review of the Statement in accordance with the Standard on
Review Engagements (SRE) 2410 ‘Review of Interim Financial Information
Performed by the Independent Auditor of the Entity’, issued by the Institute of
Chartered Accountants of India. This Standard requires that we plan and perform
the review to obtain moderate assurance as to whether the Statement is free of
material misstatement. A review is limited primarily to inquiries of company
personnel and analytical procedures applied to financial data and thus provides
less assurance than an audit. We have not performed an audit and, accordingly, we
do not express an audit opinion.
3.a. Attention is drawn to Note No.9 regarding the Scheme of Arrangements approved
by the Board of Directors for merger of seven subsidiary companies mentioned
therein with the Company and merger of one subsidiary company with another
company with effect from April 01, 2017. The said Schemes are subject to the
approval of Shareholders, Creditors, and other Regulatory Authorities and no effect
has been given for the same in these financial results pending the requisite
approvals.
KHANDELWAL JAIN & CO.CHARTERED ACCOUNTANTS
_ 2 _
3.b. Attention is also drawn to the fact that the figures for the quarter ended March 31,2018 as reported in the Statement are the balancing figures between audited
figures in respect of the full previous financial year and the published year-to-datefigures up to the end of the third quarter of the previous financial year. The figuresup to the end of the third quarter of the respective financial year had only beenreviewed and not subjected to an audit.
Our conclusion is not modified in respect of these matters.
Based on our review conducted as above, nothing has come to our attention thatcauses us to believe that the accompanying Statement of Unaudited StandaloneFinancial Results, prepared in accordance with the aforesaid Indian AccountingStandards (Ind AS) prescribed under section 1330f the Companies Act, 2013 readwith relevant rules issued thereunder and other recognized accounting practicesand policies generally accepted in India, has not disclosed the information requiredto be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, read with SEBI Circular No.
ClR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be
disclosed, or that it contains any material misstatement.
1 11, M. Korve Road, Churchgote, 1 17, M. Karve Road, Churchgote,Mumboi - 400 020. Mumboi - 400 020.
Tel.: (+91-22) 4311 5000 Tel.: (+91-22) 4311 6000
Fax : 431 1 5050 Fax : 4311 6060
Independent Auditor's Review Report on Quarterly Unaudited Consolidated
Financial Results of Onelife Capital Advisors Limited Pursuant to the Regulation33 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
To
The Board of Directors of
Onelife Capital Advisors Limited
1. We have reviewed the accompanying Statement of Unaudited Consolidated
Financial Results of Onelife Capital Advisors Limited (“the Parent”) and its
subsidiaries (the parent and its subsidiaries together referred to as "the Group")for the quarter ended June 30, 2018 (“the Statement”), being submitted by the
Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI
Circular No. ClR/CFD/FAC/62/2016 dated July 05, 2016.
2. The Statement, which is the responsibility of the Parent's Management and
approved by the Board of Directors, has been prepared in accordance with the
recognition and measurement principles laid down in the Indian AccountingStandard (“Ind AS”) 34 “Interim Financial Reporting”, prescribed under Section
133 of the Companies Act, 2013 read with relevant rules issued thereunder and
other accounting principles generally accepted in India. Our responsibility is to
issue a report on the Statement based on our review.
3. We conducted our review in accordance with the Standard on Review
Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed bythe Independent Auditor of the Entity’ issued by the Institute of Chartered
Accountants of India. This Standard requires that we plan and perform the review
to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review is limited primarily to inquiries of Company personnel and
analytical procedures applied to financial data and thus provides less assurance
than an audit. We have not performed an audit and, accordingly, we do not
express an audit Opinion.
Contd...2...
KHANDELWAL JAIN & CO. CONTINUATION SHEET
CHARTERED ACCOUNTANTS
_ 2 _
Basis for Qualified Review Conclusion
4. As mentioned is Note No. 7 of the Statement, one of the subsidiary namely
before consolidation adjustments, reflect total revenues of Rs. 113.92 Iakhs, profitafter tax of Rs. 7.36 Iakhs and total comprehensive loss of Rs. 7.89 Iakhs for the
quarter ended June 30, 2018, as included in the accompanying Unaudited
Consolidated Financial Results have not been subjected to review by its statutoryauditors. DCPL is a material subsidiary of the Group. Our opinion in so far as
relates to the amounts and disclosure included in respect of this material
subsidiary are solely based on the un-reviewed financial information provided bythe Management of the said subsidiary and the consequential impact, if any, on
the accompanying statement is not ascertainable.
Other Matters
5. (a) We did not review the interim financial results relating to 8 subsidiaries
whose interim financial results, before consolidation adjustments, reflect
total revenues of Rs. 26.81 Iakhs, Loss after tax of Rs. 7.10 Iakhs and total
comprehensive loss of Rs. 7.10 Iakhs for the quarter ended June 30, 2018,
as included in the accompanying Unaudited Consolidated Financial
Results. These financial information have been reviewed by other auditors
whose review reports have been furnished to us by the Management. Our
conclusion on the unaudited quarterly financial results, in so far as it relates
to such subsidiaries are based solely on the reports of such other auditors.
(b) Attention is drawn to Note No.9 regarding the Scheme of Arrangements
approved by the Board of Directors for merger of seven subsidiary
companies mentioned therein with the Company and merger of one
subsidiary company with another company with effect from April 01, 2017.
The said Schemes are subject to the approval of Shareholders, Creditors
and other Regulatory Authorities and no effect has been given for the same
in the financial results pending the requisite approvals.
(c) The Company has for the first time opted to submit consolidated quarterly/
year to date financial results for the financial year 2018-19 to the stock
exchanges. The comparative figures of corresponding three months periodended June 30, 2017 and March 31, 2018 are as certified by the
management and have not been subjected to any review by us.
(d) Attention is drawn to the fact that the figures of standalone results for the
quarter ended March 31, 2018 as reported in the Statement are the
balancing figures between audited figures in respect of the full previousfinancial year and the published year-to-date figures up to the end of the
third quarter of the previous financial year.
«87/ Our Review Conclusion is not modified in respect of these matters.
KHANDELWAL JAIN & CO. CONTINUATION SHEET
CHARTERED ACCOUNTANTS
_ 3 _
Qualified Review Conclusion
6. Based on our review conducted as above, on consideration of the review. reportsof other auditors on separate financial results and on the other financial
information of the subsidiaries listed in Annexure "A", except for the effects of the
matter described in the Basis for Qualified Review Opinion paragraph 4 above,
nothing has come to our attention that causes us to believe that the
accompanying Statement of Unaudited Consolidated Financial Results, preparedin accordance with the applicable Indian Accounting Standards (lnd AS)
prescribed under section 133 of the Companies Act, 2013 read with relevant rules
issued thereunder and other recognized accounting practices and policies
generally accepted in India, has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with SEBI Circular No.
ClR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to
be disclosed, or that it contains any material misstatement.
For KHANDELWAL JAIN & CO.
Chartered Accountants,
Firm Registration No.: 105049W
43$?T’E‘LW .3
5537r' meg/g ,
is ,1a
‘373’
(S. S. SHAH) it": tTEC a,
\w-,\
PARTNER kg:
Membership No.: 33632
Place: Mumbai
Date : August 14, 2018
KHANDELWAL JAIN & co.
'
CONTINUATION SHEET
CHARTERED ACCOUNTANTS
Annexure "A" to the Limited Review Report dated August 14, 2018
The Statement includes the results of the following subsidiaries:
Sr. No. Name of the subsidiary
1 Onelife Gas Energy and Infrastructure Limited
Goodyield Farming Limited
Goodyield Fertilizers and Pesticides Private Limited
Eyelid Infrastructure Private Limited
Purple lndia Holding Limited0301th Dealmoney Distribution and Advisiory Services Private Limited (formerly known as
Destimony Distribution and Advisiory Services Private Limited)
7 Dealmoney Commodities Private Limited (formerly known as Destimoney Commodities
