Dear Shareholders,
 
 We wish to extend a very warm welcome to all our shareholders on the
 occasion of the 5th Annual General Body Meeting of ''Onelife Capital
 Advisors Limited.''
 
 This Annual General Meeting (AGM) assumes immense significance, as it
 is our first AGM post the Initial public offering (IPO) of the company.
 We must record our sincere thanks and appreciation to all those who
 applied in our IPO and have stood by us with their investments. Our
 responsibilities are even greater to all our shareholders and
 employees, post the IPO, due to the tough business environment in
 general and the challenging capital markets environment in particular.
 This has been further accentuated in the case of Onelife Capital
 Advisors Limited, due to certain limitations and orders being placed,
 amongst others, against our Company, its Promoters and its Directors,
 by the Securities and Exchange Board of India (SEBI), through their
 Ex-Parte Ad-Interim order passed against us in December 2011. SEBI''s
 contentions being in public domain, I do not wish to dwell into
 specific details, except to briefly state that your Board believes that
 there are inherent contradictions in the order. Also, the facts forming
 basis for the SEBI order deserve a better understanding.  The matter is
 presently sub-judice. Based on our convictions, apart from responding
 to SEBI, we have consistently appealed to the Hon''ble Securities
 Appellate Tribunal (SAT) placing the same facts from our perspective
 for their kind examination. In respect of our first appeal before the
 Hon''ble SAT, SEBI has been kind enough to pass an
 explanatory/clarrificatory order in respect to the operational aspects
 of our existing business. Yet, our Board genuinely believes that
 certain other substantive issues of their order requires
 reconsideration and hence we have filed a second appeal before the
 Hon''ble SAT, who have since passed their orders, asking SEBI to
 complete full investigation on this matter and pass the final order
 before 31st October 2012. The Hon''ble SAT in the meanwhile has kept
 in abeyance the directions of SEBI in respect of the recall of funds
 paid out to certain Companies for business purposes, consistent with
 our objects of the issue. Thus the Hon''ble SAT has given your company
 the much needed breathing space in this circumstance.
 
 As a responsible corporate citizen and especially as a young entrant in
 the Merchant Banking and Financial Services sector, the Board and the
 top management are deeply appreciative of the very salient role
 effectively played by SEBI in safeguarding interests of the various
 constituents of the market. We hold a high degree of respect for them
 and hope that the present impasse will clear up before long in the
 light of our detailed clarifications, and that we are able to carry
 forward with our normal activities as well as expansion of the business
 as per the Prospectus of our Company at the earliest.
 
 Yet, as a contingency option, and also to cushion the aspirations of
 the minority shareholders for any continued uncertainties arising from
 unresolved (or otherwise) regulatory orders, at the instance of the
 promoters (and as a testimony to their commitment to the investors in
 Onelife Capital Advisors Limited), the Board was kind enough to examine
 a proposal to take over a growing company belonging to the promoters.
 However, the professional legal advice received was not supportive to
 such a measure, among other reasons, due to conditions contained in the
 license for Merchant Banking awarded by SEBI to us. Hence,
 unfortunately this proposal had to be dropped by your company. In the
 process of creating value in Onelife Capital Advisors Limited, we will
 continue to explore on other such opportunities in the future.
 
 It is indeed a matter of great disappointment to us that such unsavory
 developments impacting our growth, nay, normal functioning, have come
 about so soon after our birth as a listed entity.  Convinced as we are
 about our conduct in terms of disclosures and steps taken for new
 business activities, we hope that better times for our aspirations and
 goals will open up in due course. We assure you that the Board and the
 management team will tap all their energies to channelize and strive to
 realise such goals.
 
 It is our duty to bring to your kind knowledge about how your Company
 fared in terms of marketing of our services and servicing of existing
 business. Friends, as you are aware, we obtained SEBI licensce as
 Category I Merchant Banker, in the month of February 2010. In a
 span of just about a year, your Compnay was able to bag assignments for
 mobilising capital from primary market to the extent of Rs. 1200 Cr,
 thanks to the nimble- footed efforts undertaken in concert with market
 practices and in no small measure due to the active efforts of our team
 as well. On the new business front, we have filed 4 offer documents
 with SEBI for clearance and got approval for 2 of them. During the year
 we opened our maiden issue Paramount Printpackaging Ltd for
 subscription to the public, which was oversubscribed by more than 3.5
 times. We will also we gradually scouting for other opportunities
 through activities such as debt syndication, joint venture, counseling,
 et al, to enhance our revenue.
 
 Your Company and its Board would like to sincerely thank contribution
 of Mr. Tushar Shridharani, who resigned due to personal reason during
 the year. Simultaneously, we would like to welcome Mr. Ashwanikumar
 Tangri, with over 36 years of active Professional and Business
 experience spread across the Indian Financial Services Industry.
 
 Before concluding, on behalf of your Board of Directors and Key
 Management Team of your Company, we once again thank you for the
 continued support and expect to present significant positive
 developments in next year.
 
 Best Regards
 
 Yoursincerely
 
 T. K. P. Naig