Onelife Capital Advisors Ltd — Board/Management Information 2021

Aug 13, 2021

CIN: L74140MH2007PLC173660

Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: cs@onelifecapital.in; Web: www.onelifecapital.in

13th August, 2021

To, 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

BSE Limited National Stock Exchange of India Ltd

Dear Sir/Madam,

Sub: Outcome of Board Meeting of Onelife Capital Advisors Limited ("Company") held at the Registered Office of the Company on Friday, 13th August, 2021 at commenced at 4.00 p.m. and concluded at 8:30 p.m.

The Board of Directors at its Meeting held on Friday, 13th August, 2021 considered and approved the following:

• 1. Un-audited Standalone and Consolidated Financial Results for the first Quarter ended June 30, 2021 along with the Limited Review Report.
• 1. Re-appointment of Directors:
  • i. Re-appointment of Mr. Pandoo Naig (DIN: 00158221) as a Managing Director of the Company for a period of five (5) years subject to the approval of Shareholders at the ensuing Annual General Meeting.
  • ii. Re-appointment of Mr. Prabhakara Naig (DIN: 00716975) as a Whole-time Director designated as Executive Chairman of the Company for a period of five (5) years subject to the approval of Shareholders at the ensuing Annual General Meeting. (appointment to be effective only on receipt of prior approval of the shareholders by way of special resolution since he is above 70 years of age)

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 09, 2015 are given in the enclosed Annexure-1.

Further, in compliance with Circular No. LIST/COMP/14/2018-19 issued by the BSE Limited, we wish to confirm that Mr. Pandoo Naig and Mr. Prabhakara Naig has not been debarred from holding the office of Director by virtue of any SEBI order or any other Authority.

CIN: L74140MH2007PLC173660

Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: cs@onelifecapital.in; Web: www.onelifecapital.in

1. Appointment of M/s. Bagaria & Co. LLP., Chartered Accountants, Mumbai (Firm Registration Number: 113447W/W-100019) as the Statutory Auditors of the Company on recommendation of the Audit Committee and subject to the approval of the members of the Company for a period of five years from conclusion of 14th Annual General Meeting till the conclusion of 19th Annual General Meeting of the Company in place of M/s. Khandelwal Jain & Co., (Firm Registration 105049W), the retiring Auditors, whose term as Statutory Auditors of the Company will be completed on the conclusion of ensuing 14th Annual General Meeting of the Company. A brief profile of M/s. Bagaria & Co. LLP is enclosed herewith as Annexure- 2.

Kindly take the above on your record.

Thanking You,

Yours Faithfully,

For Onelife Capital Advisors Limited Sd/- Aditi Mahamunkar Company Secretary & Compliance Officer

Encl: a/a

CIN: L74140MH2007PLC173660

Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: cs@onelifecapital.in; Web: www.onelifecapital.in

Annexure -1

The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is given as under

BRIEF PROFILE OF DIRECTORS:

Sr.	Details of events that		Information of such event(s)
No.	need to be provided
		Mr. Pandoo Naig	Mr. Prabhakara Naig
		(DIN: 00158221)	(DIN: 00716975)
1.	Reason for change viz.	Re-Appointment as Managing	Re-Appointment as Whole-time
	appointment,	Director	Director designated as Executive
			Chairman(appointmenttobe
			effective only on receipt of priorapproval of the shareholders by
			way of special resolution since he
			is over 70 years of age)
2.	Date of appointment	13th August, 2021	13th August, 2021
3.	Term of appointment	Five (5) years effective from 13th	Five (5) years effective from 13th
		August,2021subjecttothe	August,2021subjecttothe
		approval of shareholders at the	approval of shareholders at the
		ensuing Annual General Meeting	ensuing Annual General Meeting
		of the Company.	of the Company.
4.	Brief Profile	Mr. Pandoo Naig has over 17	Mr. T.K.P. Naig has rich and
		yearsexperienceinCapital	extensiveexperiencein
		Market and Investment Banking.	management of the overall affairs
			of corporate bodies. He holds a
		He has been associated with many	bachelor's degree in Commerce
		Companies and has been handling	from Madras University and has
		the affairs of Investment Banking	morethan32yearsofrich
		where his focus has been on fund	experience in the field of Capital
		raising for emerging companies,advisory and financial services.	Market and Investment Bankingactivities.
			He previously held the position of
			President and Managing Director
			of Ind bank Merchant Banking
			Services Ltd. (A subsidiary of
			Indian Bank Ltd.) during the year
			1997 to 1999. Prior to that from
			1981 to 1988, he was the Chief

CIN: L74140MH2007PLC173660

Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: cs@onelifecapital.in; Web: www.onelifecapital.in

			Manager,MerchantBanking
			Division of Indian Bank. During
			hisstintwithIndbank,he
			assisted companies likeIndian
			Railway Finance
			Corporation, Punjab Alkalies and
			Chemical Ltd, Lakshmi Electrical
			and Control Systems Ltd etc. in
			raisingcapitalthroughPublic
			Issues, Rights Issue and Private
			Placement of Equity.He also
			representedIndbankonthe
			Board of Offshore Funds set up
			by FIIs like Scrodders London,
			InvescoLondonandMartin
			Currie Edinborough. In the year
			2000,hebecametheDeputy
			Country Head and later Country
			HeadandVicePresidentof
			Union Bank of California, N.A.
5.	Disclosureof	Mr. Pandoo Naig is the son of Mr.	Mr. PrabhakaraNaig is the father
	relationshipsbetween	Prabhakara Naig	of Mr. Pandoo Naig
	directors:
6.	No. of shares held in the	3055000	6905000
	Company

CIN: L74140MH2007PLC173660

Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: cs@onelifecapital.in; Web: www.onelifecapital.in

Annexure-2

The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is given as under

Appointment of Statutory Auditor:

Sr.	Details of events	Information of such event(s)
No.	that need to be
	provided	M/s. Bagaria & Co. LLP., Chartered Accountants
1.	Reason for change	Appointment as Statutory Auditor
	viz. appointment
2.	Dateofappointment	Appointment of M/s. Bagaria & Co. LLP, Chartered Accountants (FirmRegistrationNo113447W/W-100019)asStatutoryAuditorsoftheCompany in place of retiring Auditors, M/s. Khandelwal Jain & Co.,Chartered Accountants (Firm Registration 105049W) to hold office fromthe conclusion of ensuing 14th Annual General Meeting till the conclusionof 19th Annual General Meetingto be held in the year 2026.
3.	Termof	To appoint for a period of 5 years from the ensuing 14th Annual General
	appointment	Meeting (AGM) till the 19nd AGM to be held in the year 2026.
4.	Brief Profile	Bagaria & Company, established in 1985 is a Chartered Accountancy firmhaving a service portfolio and a work culture that is both client-centric andknowledge driven.
		Bagaria & Company is a leading professional services organization,offering a complete range of services in the field of assurance, consulting,taxation, and financial advisory services. Their management philosophy isto render customized, specialized and innovative services coupled with highquality, reliability, creativity and accuracy.
		The dedicated teams are a mix of highly qualified people, young andexperienced, enthusiastic and motivated, open to new ideas and with anability to adapt to the changing needs of clients and profession
5.	Disclosureof	N.A.
	relationships
	between directors

Statement of Unaudited Standalone Financial Results for the quarter ended 30th June 2021
------------------------------------------------------------------------------------------

	ONELIFE CAPITAL ADVISORS LIMITED
	Statement of Unaudited Standalone Financial Results for the quarter ended 30th June 2021		[Figures in Rs. lakhs unless stated otherwise]
Sr.	Particulars		STANDALONEQUARTER ENDED		YEAR ENDED
No.			30.06.2021 31.03.2021 30.06.2020 31.03.2021
1	Revenue from Operations	Unaudited70.00	Audited67.00	Unaudited65.00	Audited267.00
	2 Other Income	67.57	57.85	63.58	255.32
3 4	Total Income (1 + 2)Expenses	137.57	124.85	128.58	522.32
	Cost of Materials ConsumedPurchase of Stock-In-Trade		-
	Changes in Inventories of Finished Goods,Work-in-Progress &		-	-
	Stock-In-TradeEmployee Benefits Expense	38.74	39.50	31.75	138.23
	Finance CostsDepreciation and Amortisation Expense	:8.26	-17.53	-19,75	-76.75
	Other Expenses	88.92	71.92	74.68	306.31
	Total Expenses (4)5 Profit before exceptional items and tax (3-4)	135.921.65	128.95(4.10)	126.182.40	521.291.03
	Exceptional Items	-
6			-	-	-
7	Profit Before Tax (5 + 6)8 Tax Expense	1.65	(4.10)	2.40	1.03
	(a) Current Tax
	(b) Deferred Tax Credit / (Charge)(c) Earlier Year	:	-	:	--
9 10	Profit for the period (7 - 8)Other Comprehensive income	1.65	(4.10)	2.40	1.03
	(a) (i) Items that will not be reclassified to Profit and Loss
	Remeasurment of Defined Benefit Plans(a) (ii) Income tax relating to items that will not be	0.97	2.72		2.72
	reclassified to profit or loss	"
	(b) (i) Items that will be reclassified to Profit and Loss(b) (ii) Income tax relating to items that will be reclassified	-		-	=
	to profit or lossOther Comprehensive income for the period (10)	0.97	2.72	"-	2.72
11	Total Comprehensive income for the period (9+10)	2.62	(1.38)	2.40	3.75
12 13	Paid-up equity share capital (Face Value - Rs.10 per share)Other Equity	1,336.00	1,336.00	1,336.00	1,336.009,562.93
14	Earnings Per Share (of Rs. 10/- each) (not annualised):Basic and Diluted earnings per share Rs.	0.01	(0.03)	0.02	0.01
			For and on behalf of the Board of Directors
				Onelife Capital Advisors Limited
					Pandoo Digitally signeby PandooPrabhak Prathatar alg
				ar Naig	Date: 2021 08.13180842+0830
	Place: ThaneDate : 13 Aug 2021				Pandoo NaigManaging DirectorDIN No. 00158221

For and on behalf of the Board of Directors Onelife Capital Advisors Limited

Statement of Unaudited Consolidated Financial Results for the quarter ended 30th June 2021
--------------------------------------------------------------------------------------------	--

	ONELIFE CAPITAL ADVISORS LIMITED
	Statement of Unaudited Consolidated Financial Results for the quarter ended 30th June 2021			[Figures in Rs. lakhs unless stated otherwise]
			CONSOLIDATEDQUARTER ENDED		YEAR ENDED
stNo.	Particulars	Unaudited	Audited	30.06.2021 31.03.2021 30.06.2020 31.03.2021Unaudited	Audited
1	Revenue from Operations2 Other Income	87.9552.27	111.8495.96	112.7148.35	453.97202.25
3	Total Income (1 + 2)	140.22	167.80	161.06	656.22
4	ExpensesCost of Materials Consumed	-	-
	Purchase of Stock-In-Trade	=		-	-
		:	:-	--	-
	Changes in Inventories of Finished Goods,Work-in-Progress & Stock-In-TradeEmplovee Benefits Expense	44.82	40.12	47.28	176.30
	Finance Costs	-8.30	(5.72)17.62	0.3919.94	1.3777.26
	Depreciation and Amortisation ExpenseOther Expenses	93.67	94.49	102.40	394.91
	Total Expenses (4)	146.79(6.57)	146.5121.29	170.01(8.95)	649.846.38
5 6	Profit/(Loss} before exceptional items and tax (3 - 4)Exceptional Items	:	0.32	-	0.32
7	Profit/(Loss) Before Tax (5 + 6)	(6.57)	20.97	(8.95)	6.06
8	Tax Expense(a) Current Tax	2.77	3.12	2.47	11.51
	(b) Deferred Tax Credit / (Charge)	2.55s	(0.31)-	:-	--
9	{c) Earlier YearProfit/(Loss) for the period (7 - 8}	(11.89)	18.16	(11.42)	(5.45)
	Attributable to
	Owners of the CompanyNon - Controlling Interest	(11.88)(0.01)	18.140.02	(11.42)-	(5.41)(0.04)
10}	Other Comprehensive income
	(a) {i) Items that will not be reclassified to Profit and Loss	0.97	2.72	-	2.72
	Remeasurment of Defined Benefit Plans(a) (ii) Income tax relating to items that will not be reclassified to profit or	'		2	7
	loss(b) (i) Items that will be reclassified to Profit and Loss	-	-
	loss	-0.97	2.72	-	-2.72
11]	Other Comprehensive income for the period (10)Total Comprehensive income for the period (9+10)	(10.92)	20.88	(11.42)	(2.73)
	Other Comprehensive income Attributable to				2.72
	Owners of the CompanyNon - Controlling Interest	0.97-	2.72-	:	-
	Total Other Comprehensive income Attributable to
	Owners of the CompanyNon - Controlling Interest	(10.91)(0.01)	20.860.02	(11.42)-	(0.04)
12	Paid-up equity share capital (Face Value - Rs.10 per share)	1,336.00	1,336.00	1,336.00	(2.69)1,336.007,153.03
13 14	Other EquityEarnings Per Share (of Rs. 10/- each) (not annualised):Basic and Diluted earning per share Rs.	3(0.09)	-0.14	-o-0e)	@.65)

Notes:

1 The above Statement of standalone and consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act 2013, read with relevant Rules thereunder and other accounting principles generally accepted in India.

2 The above standalone and consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 13, 2021 and have been subjected to limited review by the Statutory Auditors of the

3 The Company had made Initial Public Offer (IPO) vide Prospectus dated October 10, 2011 and issued 33,50,000 equity shares of Rs.10/ each for cash at a premium of Rs.100/- per share aggregating to Rs. 3,685 lakhs to the public.

The Company had passed special resolution for altering the objects for which amount was raised through IPO with requisite majority which was announced on January 23, 2014. The Company had again issued notice of postal ballot and passed the special resolution with requisite majority which was announced on February 13, 2016 whereby the objects of the balance IPO proceeds of Rs. 2,625 lakhs has been substituted by the following objects:

(i) IPO proceeds of Rs. 2,430 lakhs to be used for Strategic Investments, either directly or indirectly or by / through subsidiaries or Associates, by way of acquiring the controlling stake including but not limited to takeover, merger, de-merger and /or acquisition and other matter incidental thereto or any combination thereof; and

(ii) IPO proceeds of Rs. 195 lakhs to be used for the renovation / addition in the Premises where Company's Registered Office is presently situated.

The Company, accordingly has utilised the IPO proceeds by acquiring strategic investments direclty and through the erstwhile subsidiary Purple India Holding Limited and Rs. 265 lakhs was remaining with the erstwhile subsidiary as advance for acquisition of strategic investment / business. The said subsidiary has amalgamated with the Company as per the Scheme of Amalgamation approved by NCLT vide order dated July 18, 2019 with appointed date of April 01, 2018.

4The outbreak of COVID-19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian financial markets and slowdown in the economic activities. The Indian economy is impacted and would continue to be impacted due to the contraction in industrial and services output across small and large businesses. The impact of the COVID-19 pandemic on the Company's results remain uncertain and would depend upon the time taken for economic activities to fully resume and reach normal levels.

The management of the Subsidiary companies and the holding company believes that they have considered all possible impact of the known events arising out of COVID-19 pandemic in the preparation of these financial results. The impact assessment of COVID-19 pandemic is a continuing process, given its nature and duration, The management of the Subsidiary companies and the holding company will continue to monitor any material changes to future economic conditions.

• 5The holding Company has made investment of Rs. 400.00 lakhs and has given unsecured loan of Rs. 1113.00 lakhs to Dealmoney Distribution and Advisory Services Private Limited (DDASPL) a subsidiary. DDASPL has incurred losses and the accumulated losses as on 31st March 2021 amounted to Rs. 326.40 Lakhs and the networth is fully eroded. However, having regard to the value of investment property of DDASPL, the investment and loans are fully realizable and no impairment/provision is necessary in this regard.
• 6On 26 February 2018, the Board of Directors of Dealmoney Commodities Private Limited (DCPL), a subsidiary had approved the Scheme of Arrangement, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and the rules and regulations made thereunder, comprising merger of Dealmoney Securities Private Limited ('DSPL') into DCPL, which is subject to necessary approvals by stock exchanges, SEBI, shareholders and creditors, as may be applicable, and jurisdictional bench of National Company Law Tribunal ('NCLT') and such other statutory/regulatory approvals, as may be required.

In pursuance of the directions of the NCLT order dated 19 September 2019, the meeting of the Equity Shareholders and Creditors was held on 05 November 2019.

The Petition for the Scheme of Amalgamation of DSPL with DCPL was filed on 20 November 2019 with NCLT, Mumbai. The petition was admitted in the NCLT on 27 April 2020 and the NCLT in its order had given the next hearing date of 25 June 2020, which was further adjourned to 13 August 2020. However, the matter was transferred to normal Bench of NCLT before the hearing date and since then, the matter has not come up for hearing in the Bench.

7 The Segment reporting as per Indian Accounting Standard 108 is enclosed.

8Previous period's figures have been regrouped or reclassified, wherever necessary to make them comparable with the figures of the current period.

For and on behalf of the Board of Directors Onelife Capital Advisors Limited

Digitally signed by Pa indoo Pandoo Prabhakar Prabhakar aig Nig SEN

Pandoo Naig Place: Thane Managing Director Date: 13 Aug 2021 DIN No. 00158221

ONELIFE CAPITAL ADVISORS LIMITED CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED

ONELIFE CAPITAL ADVISORS LIMITED
		CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
			Rs. In Lakhs
			Year Ended
Unaudited	Audited	Unaudited	Audited
70.00	74.03	65.43	274.39
3.36	23.39	32.69	121.08
14.58	14.42	14.58	58.50453.97
-	-		-453.97
(63.69)	(52.61)	(60.64)	(238.07)
(4.27)	7.22		13.63
			41.33(183.11)
			1.37
-49.94	52.39	48.30	190.56
(6.57)	20.99	(8.95)	6.08
			2,612.63
			222.63
	549.25	550.02	549.25
5,650.06	5,657.52	7,111.43	5,657.52
9,121.14	9,042.03	9,395.94	9,042.03
237.81	135.37		135.37
184.94	191.48	374.1710.28	191.481.75
1.93216.92	1.75222.98	194.74	222.98
641.60	551.57	914.16	551.57
		For and on behalf of the Board of DirectorsOnelife Capital Advisors Limited
			Pandoo _ Disitally signedby Pandoo
			Prabhaka Prabhatar NaigDate: 2021.08.13r Naig18:09:30 +05'30"
			Pandoo NaigManaging Director
	87.9587.9511.45(56.51)2,666.83244.15560.09	Quarter Ended111.84111.848.27(37.12)(5.72)2,612.63222.63	CONSOLIDATED30.06.2021 31.03.2021 30.06.2020 31.03.2021112.71112.71(6.44)10.22(56.86)0.391,309.40425.09334.97

For and on behalf of the Board of Directors Onelife Capital Advisors Limited

KHANDELWAL JAIN & CO. Website: www.kjco.net @ E-mail: kico@kjco.net CHARTE RED ACCOUNTANTS

6-B&C, Pil Court, 6th Floor, 12-B, Baldota Bhavan, 5th Floor, 111, M. Karve Road, Churchgate, 117, M. Karve Road, Churchgate, Mumbai - 400 020. Mumbai - 400 020. Tel.: (+91-22) 4311 5000 Tel.: (+91-22) 4311 6000 Fax : 4311 5050 Fax : 4311 6060

Independent Auditor's Review 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, as amended

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, 2021 together with the related notes thereon ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including relevant circulars issued by SEBI from time to time.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), 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 express a conclusion on the Statement based on our review.
• 1. 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

KHANDELWAL JAIN & CO. CONTINUATION SHEET CHARTERED ACCOUNTANTS

misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Unaudited Standalone Financial Results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles 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, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We draw attention to Note No.5 of the accompanying statement. The Company has made investments of Rs.400.00 lakhs and given advances of Rs.1113.00 lakhs to Dealmoney Distribution and Advisory Services Private Limited (DDASPL), a subsidiary whose net worth is fully eroded. However, in the opinion of the management, considering the value of investment property of DDASPL, the amounts are fully realizable and no impairment / provision is considered necessary.

Our conclusion on the Statement is not modified in respect of the above matter.

1. We draw attention to Note No.4 to the accompanying Statement which describes the uncertainties arising from the COVID-19 pandemic outbreak and management's evaluation of its impact on the operations of the company and that the impact of the pandemic on the company's operations is highly dependent on future developments.

Our conclusion on the Statement is not modified in respect of the above matter.

KHANDELWAL JAIN & CO CONTINUATION SHEET CHARTERED ACCOUNTANTS

1. We draw your attention to the fact that the figures for the quarter ended March 31, 2021as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year 2020-21 and the unaudited published year-to- date figures up to the end of the third quarter of the previous financial year which were subject to limited review by us.

Our conclusion on the Statement is not modified in respect of the above matter.

For KHANDELWAL JAIN & CO.

Chartered Accountants,

Firm Registration No.: 105049W Shaileshkuma Digitally signed by Shaileshkumar khlal Sanmukhlal Shah r >anmu Date: 2021.08.13 Shah 20:07:12 +05'30' (S. S. SHAH)

Partner Membership No.: 033632 UDIN : 21033632AAAACY5794

Place: Mumbai Date : August 13, 2021

KHANDELWAL JAIN & CO. Website: www.kjco.net @ E-mail: kico@kjco.net CHARTERED ACCOUNTANTS

6-B&C, Pil Court, 6th Floor, 12-B, Baldota Bhavan, 5th Floor, 111, M. Karve Road, Churchgate, 117, M. Karve Road, Churchgate, Mumbai - 400 020. Mumbai - 400 020. Tel.: (+91-22) 4311 5000 Tel.: (+91-22) 4311 6000 Fax : 4311 5050 Fax : 4311 6060

Independent Auditor's Review Report on Quarterly Unaudited Consolidated 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, as amended.

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" or "the Company") and its subsidiaries (the parent and its subsidiaries together referred to as "the Group") for the quarter ended June 20, 2021 together with the related notes thereon ("the Statement'), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including relevant circulars issued by SEBI from time to time.
  • 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard - 34 "Interim Financial Reporting" (Ind AS 34), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, the Circular and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
  • 1. 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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than

an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 1. The Statement includes the results of the following subsidiaries:
  • 1. Dealmoney Distribution and Advisory Services Private Limited
  • 1. Dealmoney Commodities Private Limited
  • 1. Eyelid Infrastructure Private Limited
  • 1. Dealmoney Insurance Broking Private Limited
  • 1. Sarsan Securities Private Limited
• 1. Dealmoney Financial Services Private Limited
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 9 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles 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, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The auditors of Dealmoney Distribution and Advisory Services Private Limited, a subsidiary have without modifying their conclusion on the unaudited financial results, highlighted material uncertainty related to going concern.

Our conclusion on the Statement is not modified in respect of the above matter.

KHANDELWAL JAIN & CO. CONTINUATION SHEET

CHARTERED ACCOUNTANTS

1. We draw attention to Note No.4 to the accompanying Statement which describes the uncertainties arising from the COVID-19 pandemic outbreak and management's evaluation of its impact on the operations of the company and that the impact of the pandemic on the company's operations is highly dependent on future developments.

Our conclusion on the Statement is not modified in respect of the above matter.

1. We did not review the interim financial results of 6 subsidiaries included in the Unaudited Consolidated Financial Results, whose interim financial information, before consolidated adjustments, reflect total revenues of Rs. 32.69 lakhs, total net loss after tax of Rs. 13.54 lakhs and total comprehensive loss of Rs. 13.54 lakhs for the quarter ended June 30, 2021, as considered in the Unaudited Consolidated Financial Results. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of these matters.

1. We draw your attention to the fact that the figures for the quarter ended March 31, 2021as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year 2020-21 and the unaudited published year-todate figures up to the end of the third quarter of the previous financial year which were subject to limited review by us.

Our conclusion on the Statement is not modified in respect of the above matter.

For KHANDELWAL JAIN & CO.

Chartered Accountants,

Firm Registration No.: 105049W

Shaileshkumar Digitally signed by Shaileshkumar Sanmukhlal Sanmukhlal Shah Date: 2021.08.13 20:08:55 Shah +05'30'

(S. S. SHAH)

Partner

Membership No.: 033632 UDIN : 21033632AAAACZ5343

Place: Mumbai Date : August 13, 2021