Eraaya Lifespaces Ltd — Important, 11-05-2026: Company Update

Eraaya Lifespaces' board has approved changing its name to Ebix Limited, reflecting its strategic evolution. Significant leadership changes include new independent and executive directors, a new Group Company Secretary, and resignations of three directors, while maintaining board balance. The company also approved fund-raising up to Rs. 425 Cr through preferential issue and other modes, plus issuing 2,860,412 equity shares to acquire remaining interest in Ebix Inc. Plans also include finalizing employee stock benefit schemes, rationalizing certain businesses, and enhancing operational authorizations. An Extra-Ordinary General Meeting will be convened for shareholder approvals.