| Onelife Capital Advisors Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 03, 2012, inter alia, to consider and approve the following:
1. To consider and approve unaudited Quarterly results for the second quarter ended on Sept 30, 2012 as reviewed and approved by the Audit Committee.
2. To consider the proposal to acquire/invest in agricultural and related business activities, subject to requisite regulatory approvals.
Onelife Capital Advisors Ltd has informed BSE regarding Outcome of Board Meeting held on November 03, 2012.
(As per BSE Announcement Dated on 03.11.2012)
Onelife Capital Advisors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 03,2012,inter alia :
1. Acquire/invest in agricultural and related business activities,subject to requisite regulatory approvals.
Onelife Capital Advisors Limited (OCAL) had invested in the shares of Onelife Gas &
Energy Infrastructure Limited (OGEIL) in the year 2010.OGEIL is involved in procurement,purchase, exploration,storage,suppliers,distributors, sellers and dealers in natural gas and its derivatives including LPG,CNG,PROPANE and any conventional and non- convential type of energy. The Board of Directors of OGEIL declared the issue of bonus shares in the meeting held on November 01,2012.Onelife Capital Advisors Limited will receive the bonus shares.By virtue of bonus issue of shares by OGEIL,OCAL became ultimate
Holding Company of OGEIL.The OGEIL is having subsidiary Company called Goodyield Farming
Limited (GFL)and involved in agriculture, contract farming and related activities.GFL is also having a subsidiary Company called Goodyield Fertilizers & Pesticides Limited which is involved in fertilizers and pesticides and related activities.Without any further investment / acquisition by the Company OCAL became the
ultimate Holding Company of the above 3 companies. The above subsidiaries will be involved in the
activities of Gas distribution and related activities,agriculture,contract farming and related activities and dealing in all types of gas based,natural or manmade fertilizers and related
activities.
(As Per Bulletin Dated on 05.11.2012)
Onelife Capital Advisors Ltd has submitted to BSE a copy of the Resolution passed at the meeting of Board of Directors of the Company was held on November 03, 2012.
(As per BSE Announcement Dated on 15.11.2012)
|
| Onelife Capital Advisors Ltd has informed BSE that a meeting of the Board of Directors or the Company will be held on February 29, 2012, inter alia, to consider and approve, the following:
- To consider the proposal to acquire a group Company engaged in the Agricultural and related business activities, subject to requisite regulatory approvals.
With reference to the earlier announcement dated February 22, 2012 regarding Board Meeting which was scheduled on Feb 29, 2012 inter alia to consider the proposal to acquire a group Company engaged in the Agricultural and related business activities, subject to requisite regulatory approvals, Onelife Capital Advisors Ltd has informed BSE that the said meeting has been postponed due to non-availability of one of the independent director and the same has now been convened on Match 2, 2012.
(As Per BSE Announcement Dated on 28.02.2012)
Onelife Capital Advisors Ltd (OCAL) has informed BSE that the Board of Directors of the Company at its meeting held on March 02, 2012, inter alai, have taken the following decisions :
1. OCAL in its board meet on March 02, 2012, considered the offer presented by the promoters of the company to acquire their entire shareholdings in Goodyield Farming Limited ('GFL') into the company subject to satisfactory independent due diligence of the acquiring Company and further subject to all regulatory and statutory approvals and clearances. This offer by the promoters is ad-hoc, irreversible and is meant to protect the non-promoter shareholders interest in the Company. The acquisition is proposed to be done at a token total nominal cost of Re. 1 purely to ensure business continuity at OCAL. The board has constituted a Committee consisting of three directors to specifically look into all aspects of the said acquisition subject to and in compliance with explicit approval by SEBI and other regulatory and statutory authorities. GFL is a contract farming company based out of western India and had a revenue of Rs 67.21 Crores and PAT of Rs 8.67 Crores for FY11. GFL has a subsidiary Company by the name of Goodyield Fertilizers and Pesticides Private Limited ('GFPPL'). GFPPL had a revenue of Rs 43.24 Crores and PAT of Rs 3.05 Crores for FY11.
(As Per BSE Announcement Dated on 01.03.2012)
With reference to the earlier announcement dated March 02, 2012, regarding Outcome of Board Meeting held on March 02, 2012, wherein it was decided to consider acquisition of M/s Goodyield Farming Limited in the interests of the Company and to build the strength of the Company.
Onelife Capital Advisors Ltd has now informed BSE that board considered a proposal for acquisition of M/s Goodyield Farming Limited engaged in agriculture and related business activities, in its meeting dated March 02, 2012. To examine this proposal in detail, a committee of the Board was constituted. This committee, as part of deliberations, sought Legal opinion in the matter from Shri Amar Desai, Advocate. His legal opinion; after reviewing the proposal, stated that pursuant to SEBI rules and regulations, Merchant Bankers Regulation 1992 and Companies Act, 1956, Onelife Capital Advisors Limited to refrain from the transaction.
Committee after considering the legal opinion decided to recommend to the Board the legal advice for compliance. The Board, after discussion, decided to accept the recommendation of the committee and decided to drop the proposal for the acquisition.
(As Per BSE Announcement Website Dated on 07/08/2012) |