Eraaya Lifespaces Ltd — Important, 05-12-2025: Company Update

Eraaya Lifespaces has issued an addendum to its Extra-ordinary General Meeting notice. Shareholders will now vote on a proposal to issue 0.286 Cr equity shares at Rs. 40.64 each. These shares are for a swap arrangement to acquire the remaining 2.42% stake in its subsidiary, Ebix Inc., aiming for full ownership. Additionally, a new proposal seeks approval for the company to recoup intragroup service charges from its subsidiaries, with a maximum of 5% of each subsidiary's annual turnover. This clarifies internal cost recovery and enhances group operational efficiency.