Eraaya Lifespaces Ltd — Updates, 16-07-2025: Company Update

Eraaya Lifespaces announces the conclusion of an arbitration with Vikas Lifecare. The dispute stemmed from Eraaya's inability to repay Vikas Lifecare's USD 3.48 Cr contribution to the Ebix Inc. acquisition. This was due to USD 4 Cr from Eraaya's FCCB issue remaining unreleased. A Sole Arbitrator has now issued an award resolving the matter. The company states that the award's full impact on its financial or operational activities cannot be assessed in isolation at this time. This resolution of an ongoing legal proceeding is a key update for shareholders.