Eraaya Lifespaces Ltd — Important, 15-05-2026: Company Update

Eraaya Lifespaces' Fund-Raising Committee has approved a preferential issue of up to 3.12 Cr fully convertible warrants to promoter and public categories. Priced at Rs. 32 per warrant, this initiative aims to raise approximately Rs. 99.97 Cr. Each warrant will convert into one equity share, bolstering the company's capital for operational growth. This fundraise, pending shareholder approval, is a key step towards strengthening the financial position. Upon full conversion, the promoter group's shareholding will be 28.47%, with the public holding 71.53%.