Eraaya Lifespaces Ltd
📊 Eraaya Lifespaces Issues Financial Correction Addendum
- Addendum issued to correct clerical errors and skipped Note 11 in financial results for period ended September 30, 2025.
- Acquired Ebix Inc. and global subsidiaries via consortium bid approved in U.S. Chapter 11 proceedings, with Vikas Lifecare contributing ₹2,977.27 million (US$34.83 million).
- Due to non-repayment by January 31, 2025, Vikas Lifecare invoked arbitration and received 51% equity shares of Ebix International Holdings Limited as settlement.
- Eraaya Lifespaces and Ebix Inc. retain management and operational rights over Ebix International Holdings and its subsidiaries, concluding practical control.
- Shareholder approval for certain related party transactions, including inter-corporate deposits, was not obtained as required by SEBI regulations; compliance evaluation and approvals are underway.
- All other figures, disclosures, and notes in the previously filed financial results remain unchanged.