Eraaya Lifespaces Ltd

📉 Eraaya Lifespaces Reports Q3 FY2026 Results: Quarterly Loss at ₹230.56M, Nine-Month Loss Hits ₹2,186.92M

• Reported unaudited standalone loss of ₹230.56 million for the quarter ended December 31, 2025.

• Nine-month standalone loss reached ₹2,186.92 million for the period ended December 31, 2025.

• Consolidated results include significant losses from subsidiaries, including Ebix Inc. and its entities.

• Auditors issued a qualified conclusion due to material related-party transactions, including inter-corporate deposits of ₹1,903.90 million without prior shareholder approval.

• Financial results for June 30, 2025, quarter were restated due to adjustments from transfer of 51% shares in Ebix International Holdings to Vikas Lifecare, impacting finance costs by ₹1,303.02 million.

• Ongoing legal proceedings include a suit by bondholder Bull Value Incorporated challenging corporate actions.

• Recovery efforts underway in UK High Court for USD 40 million in unpaid FCCB proceeds.

• FCCB issuance of USD 120 million faces issues with USD 40 million unpaid and contingent liabilities of ₹130.66 crore for unrecognized interest.

• Subsidiaries face operational restrictions including attached bank balances and compliance issues.

• Acquisition of Ebix Inc. involved total consideration of USD 138.577 million, with USD 27.327 million remaining payable, extended to June 14, 2026.