Eraaya lifespaces Limited has announced the appointment of Ms. Urvashi Upadhyay as Compliance Officer, effective April 16, 2026. The appointment was communicated to BSE Limited in compliance with Regulation 30 read with Regulation 6 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointee Profile and Qualifications

Ms. Urvashi Upadhyay brings substantial expertise to her new role as Compliance Officer. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A56823. Her professional background spans over 7 years in corporate secretarial functions, statutory compliance, corporate governance, and allied legal matters.

Professional Experience and Expertise

Ms. Upadhyay possesses comprehensive experience in ensuring regulatory compliance, managing board and committee processes, and maintaining statutory records. Her expertise encompasses corporate laws, SEBI regulations, and compliance frameworks, positioning her well to discharge the responsibilities of the Compliance Officer position effectively.

Key areas of her professional competence include:

• Corporate secretarial functions and statutory compliance
• Corporate governance and allied legal matters
• Board and committee process management
• Statutory record maintenance
• Strong commitment to professionalism and governance standards

Regulatory Compliance and Future Considerations

The appointment has been made in accordance with SEBI LODR Regulations, specifically under Regulation 30 read with Regulation 6(1). The company has confirmed that Ms. Upadhyay is not related to any Director of the Company, ensuring independence in her compliance role.

The company has indicated that Ms. Upadhyay's appointment as Company Secretary and Key Managerial Personnel pursuant to Section 203 of the Companies Act, 2013, will be considered by the Board of Directors at its ensuing meeting. This appointment was formally communicated to BSE Limited and signed by Director Arun Batra (DIN: 06500891) on behalf of Eraaya Lifespaces Limited.

Eraaya Lifespaces Limited has announced the successful resolution of a long-standing shareholder matter relating to Ebix Payment Services, marking a significant milestone in the company's post-acquisition cleanup efforts. The Bombay High Court has approved the consent terms entered into between the concerned parties, bringing finality to this legacy issue.

Settlement Details and Financial Impact

The company has executed a negotiated framework for the complete buyout of minority shareholding in Ebix Payment Services Private Limited. The key financial parameters of this settlement are outlined below:

Background and Context

The matter originated from legacy structures and arrangements under the previous management of the Ebix group. Importantly, this issue was not part of the Chapter 11 resolution process or the acquisition consideration paid by Eraaya, representing an inherited overhang post-acquisition.

Following the acquisition of Ebix Inc and all its global subsidiaries in August 2024, Eraaya's management undertook a structured, time-bound review of such legacy positions. The review carried a clear mandate to:

• Identify and isolate historical complexities
• Resolve inherited legacy matters
• Reinforce governance discipline
• Enhance operational clarity

Strategic Rationale and Benefits

Despite the obligation not forming part of the original acquisition construct, Eraaya has taken a decisive approach to resolve the matter entirely. The company's strategic objectives behind this resolution include:

• Uncertainty Elimination: Removing longstanding structural constraints
• Group Structure Simplification: Creating a cleaner organizational framework
• Strategic Focus Enhancement: Enabling sharper focus on core operating priorities
• Operational Flexibility: Improving flexibility within the payments business

Governance and Value Creation Impact

This resolution reflects Eraaya's commitment to disciplined governance and represents several key principles:

The company views such actions as integral to creating a cleaner and more agile platform for future strategic initiatives and capital allocation priorities. With the court's approval, the matter attains finality and removes longstanding structural constraints, enabling more efficient deployment of capital across growth verticals.

Future Outlook and Commitment

Eraaya acknowledges the constructive engagement of the counterparties in achieving an orderly and time-bound resolution. Due to confidentiality obligations, detailed terms of the settlement remain undisclosed. This milestone underscores the company's continued commitment to full-spectrum resolution of inherited legacy matters while strengthening balance sheet and capital discipline.

The resolution marks a material clean-up of legacy overhang and advances a sustained governance reset across the platform. Eraaya remains focused on sustaining this momentum as it advances its strategic agenda with clear emphasis on execution, stability, and long-term stakeholder value creation.