Eraaya Lifespaces Ltd — Important, 26-09-2025: Company Update

Eraaya Lifespaces has filed a First Information Report (FIR) and initiated criminal proceedings against Robin Raina, Hemant Kumar Jain, Vivek Dave, and others. The company alleges serious offenses including extortion, criminal intimidation, defamation, and conspiracy. This action follows an internal audit of Ebix Inc., which Eraaya is acquiring, that revealed alleged financial irregularities by Mr. Raina. He was removed as Chairman/Director due to failed obligations. Eraaya claims Raina and associates then engaged in pressure tactics and a defamation campaign to improperly secure equity. The company is pursuing legal remedies to address these issues and refocus on value creation and sustainable growth.