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

Eraaya Lifespaces' board has approved a name change to 'Ebix Limited,' signaling strategic evolution. The company is undergoing a leadership realignment, with new appointments to the board, expanded roles for its CEO and CFO, and several resignations. To fuel growth and operations, the board approved fund-raising up to Rs. 425 Cr through various modes, plus issuing 2,860,412 shares for non-cash consideration to fully acquire subsidiary Ebix Inc. Other approvals include new employee stock schemes and business rationalization. Shareholders will vote on these key initiatives at an EGM on June 08, 2026.