Eraaya Lifespaces Ltd — Board Meeting, 02-08-2025: Board Meeting

Eraaya Lifespaces' Board has approved its consolidated audited financial results for the quarter and financial year ended March 31, 2025. For the year, the company reported total revenue of 1,536.01 Cr and a net loss of 312.02 Cr. A significant highlight is the acquisition of Ebix Inc., involving Foreign Currency Convertible Bonds (FCCBs) worth USD 120 million. Critically, USD 40 million from these bonds is yet to be received, leading to legal action. An NCLT order mandates status quo on related transactions. The company has acknowledged Rs. 55.75 Cr in contingent liabilities for unrecognized FCCB interest. Despite these complexities, the auditor issued an unmodified opinion.