Eraaya Lifespaces Ltd — Important, 28-03-2026: Company Update

Eraaya Lifespaces has announced significant leadership and governance framework changes. The board appointed Mr. Sushil Gupta as Chief Executive Officer and Mr. Ashish Sharma as Chief Financial Officer. The current CFO will step down, continuing in other roles within the company. Eraaya will also create senior management positions and reconstitute its Audit and Risk Management Committees to strengthen oversight. Furthermore, subsidiaries are transitioning to a decentralized leadership structure for increased agility and accountability. These moves aim to enhance leadership depth, governance standards, and operational effectiveness for sustainable growth.