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

Eraaya Lifespaces' board has approved changing the company name to Ebix Limited, pending shareholder approval. The company is raising up to Rs. 425 Crore through a preferential issue and other modes, plus issuing 28.60 lakh shares to acquire full ownership of its subsidiary, Ebix Inc. Leadership saw new independent directors and executive roles appointed, alongside some resignations, enhancing governance. The board also approved employee stock schemes and business rationalization. An EGM will be held on June 8, 2026, to seek necessary shareholder approvals for these strategic moves.