Eraaya Lifespaces Ltd

Closure details

• Trading window closed from Oct 1, 2026 until 48 hours after Sep 30, 2026 results become generally available
• Earlier closure intimation dated June 27, 2026 remains in effect
• Board meeting date to consider results will be intimated in due course
• Results for quarter ended June 30, 2026 are not yet declared

Financial performance

• Consolidated revenue from operations: ₹24,378.60 million; up 64.7% YoY.
• Total consolidated revenue: ₹25,679.71 million; up 67.2% YoY.
• Consolidated net loss after tax: ₹4,527.51 million.
• EPS (basic/diluted): ₹(21.21) per share.
• Dividend: no dividend declared for FY2025-26.
• Name change to Ebix Limited completed on 18 June 2026.
• Warrants converted to equity: 16.0 million shares issued.
• First full-year post-acquisition Ebix Inc. integration underway.

Capital structure & dilution

• Authorized share capital: ₹75 crore; issued & paid-up: ₹206.69 crore as of 31 Mar 2026.
• Share capital increase: 16.00 million equity shares issued via warrants conversion.
• Total consolidated borrowings: ₹11,637.83 million; net debt to equity 20.63x.
• No buyback or differential rights issued in FY2025-26.
• Shareholder approvals for material related-party transactions were approved in June 2026.

Governance & management changes

• Independent Director Deepak Singhal ceased May 11, 2026; earlier resignation was noted.
• CEO appointment: Sushil Gupta; CFO appointment: Ashish Sharma, both effective March 28, 2026.
• Company Secretary: Urvashi Upadhyay appointed CS & KMP April 2026.
• Board size: 10 directors (4 Executive, 1 Non-Executive, 5 Independent).

Acquisition, operations & subsidiaries

• Acquisition of Ebix Inc. completed in Aug 2024; FY25-26 marks first full year post-acquisition.
• Subsidiaries in India: EBIX Entertainment Pvt Ltd; EBIX Infraedge Pvt Ltd; EBIX Sports Ventures Pvt Ltd.
• Foreign subsidiary consolidation: Ebix Inc. and global subsidiaries form part of the group.
• Management pursuing operational integration and cross-vertical synergies.

Audit, risk & internal controls

• Statutory auditors issued qualified opinions; reasons include delays in statutory dues and related-party approvals.
• Secretarial audit: MR-3 annexed; SEBI LODR related disclosures noted.
• Internal controls: adequate and operating; Audit Committee oversight mentioned.
• ED/Regulatory matters noted; none resulted in a final adverse order as of reporting date.

Related party transactions & compliance

• Material related-party transactions disclosed; shareholder approvals required; approvals obtained June 2026.
• Related party transactions with promoter group reported; ongoing governance approvals in process.
• Note 60: pending approvals; subsequent events indicate approvals granted in June 2026.

Regulatory & going concern

• Regulatory proceedings including ED attachments; no final adverse order outstanding as of year-end.
• Going concern: net worth remained positive; management indicators indicate continuity supported by promoters.
• Matters related to FCCBs, CCPS and cross-border transactions are under ongoing regulatory review.

Outlook & risk factors

• Growth seen in digital payments, InsurTech, FinTech, hospitality; macro/regulatory shifts require prudent risk management.
• Regulatory compliance, sanctions & cross-border transactions remain key risk factors.
• Company emphasizes operational discipline, efficiency, and strategic value creation.

Overview

• EBIX Limited (formerly Eraaya Lifespaces) filed the BRSR for FY 2025-26.
• Report accessible at www.eraayalife.com.

Key ESG Risks & Opportunities

• Principle-wise framework outlined; no quantified risks or opportunities disclosed in excerpt.

Governance & Policy Highlights

• Policy topics like anti-bribery are referenced; no policy text or approvals shown.

Social Responsibility & Workforce

• Sections cover employees, diversity, wellbeing, and training; no metrics provided here.

Environmental Performance

• Sections cover energy, water, GHG, waste and targets; no figures provided in excerpt.

Stakeholder Engagement & Complaints

• Stakeholder engagement and complaint mechanisms referenced; no counts reported.

Other Notable Metrics

• CSR details and value-chain assessments noted; no quantitative data in excerpt.

AGM details

• 60th AGM on Sept 30, 2026 at 04:30 PM IST via VC/OAVM.
• Record date for voting: Sept 23, 2026.
• No physical attendance; proxies not available.
• Integrated Annual Report 2025-26 available on company site.

Ordinary business

• Item 1: adopt standalone and consolidated audited financial statements for year ended March 31, 2026.
• Ordinary resolution to adopt the statements and reports.

Governance note

• Director rotation resolutions not included due to NCLT order.

Voting & participation

• Remote e-voting window: Sept 27–29, 2026.
• Scrutinizer appointed to oversee voting.
• VC/OAVM attendance counted for quorum; 1000-member cap.
• Members can vote via NSDL e-voting platform.

Other disclosures

• Notice and Integrated Annual Report 2025-26 issued electronically.

Book Closure Details

• Book closure: Sep 24, 2026 to Sep 30, 2026 (inclusive).
• The closure is for the 60th Annual General Meeting.
• The security type affected is shares.

AGM and Governance Updates

• 60th AGM scheduled for Sept 30, 2026 at 04:30 PM via VC/OAVM.
• Book closure from Sept 24 to Sept 30, 2026.
• Cut-off date for voting fixed at Sept 23, 2026.
• Remote e-voting window from Sept 27 to Sept 29, 2026.
• Scrutinizer appointed: M/s Shubhangi Agarwal and Associates.
• Draft AGM Notice approved; Annual Report for FY ended Mar 31, 2026 to be circulated.
• Director's Report with MD&A, BRSR, Corporate Governance, and Secretarial Audit Report approved.

CSR initiative details

• Purpose: Media release on Ebix employees aiding Assam flood relief through Saahas NGO.
• Participation: About 4,000 Ebix employees across India joined the drive.
• Items collected: 350+ boxes of relief supplies (dry rations, hygiene kits, blankets).
• Distribution: Supplies handed to flood-affected families via Saahas NGO.
• Date/venue: Release dated August 26, 2026, New Delhi.

Milestone in NCMC program

• NCMC program with MSRTC crossed 1 crore registrations as of August 12, 2026.
• Nearly 66 lakhs cards activated.
• EbixCash provides technology and payment infrastructure behind the MSRTC NCMC program.

Cybersecurity incident

• Official website experienced cybersecurity incident causing unauthorized content display and temporary access compromise.
• Website taken offline as a precaution while technical and cybersecurity assessment is undertaken.
• Measures to strengthen system security have been implemented to mitigate recurrence risk.
• Website restoration will occur after corrective actions and security verification; further disclosures planned as required.