Eraaya Lifespaces Limited has published a newspaper advertisement pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing shareholders and the stock exchange of the dispatch of the Notice of its Extra-Ordinary General Meeting (EGM) along with e-voting details. The advertisement was published in Financial Express (English Edition) and Jansatta (Hindi Edition) on May 19, 2026, and the intimation was submitted to the Listing Compliance Department of BSE Limited on the same date by Company Secretary and Compliance Officer Urvashi Upadhyay.

EGM Details and Meeting Format

The EGM of the members of Eraaya Lifespaces Limited is scheduled to be held on Monday, June 8, 2026 at 11:30 AM (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting has been convened in compliance with the provisions of the Companies Act, 2013, and in accordance with the applicable MCA Circulars and SEBI Circulars issued from time to time, the latest being General Circular No. 09/2023 dated September 25, 2023 issued by the Ministry of Corporate Affairs.

The following table summarises the key meeting and e-voting parameters:

Notice Dispatch and Document Availability

Pursuant to the applicable circulars, the Notice of the EGM has been dispatched through electronic mode to those members whose email IDs are registered with their depository participants or the Company's Registrar and Share Transfer Agent. The EGM Notice and related documents are accessible through the following platforms:

• Company website: www.eraaya.com
• BSE Limited website: www.bseindia.com
• NSDL e-voting website: www.evoting.nsdl.com

E-Voting Procedure and Shareholder Information

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, and Regulation 44 of the SEBI (LODR) Regulations, 2015, the Company is providing its members — holding shares in physical or dematerialised form as on the cut-off date of June 1, 2026 — the facility to cast their votes electronically through NSDL's e-voting services.

Key e-voting guidelines for shareholders include:

• Members who have not yet registered their email addresses may do so through the procedure outlined in the EGM Notice.
• New members who acquired shares after the dispatch of the notice may obtain their User ID and password by sending a request to evoting@nsdl.co.in or helpdesk.evoting@cdslindia.com .
• Members already registered with NSDL for e-voting may use their existing credentials.
• Members who cast their votes via remote e-voting prior to the EGM may attend the meeting through VC/OAVM but shall not be permitted to vote again during the EGM.
• Only persons whose names are recorded in the Register of Members or in the register of beneficial owners maintained by the depositories as on the cut-off date shall be entitled to avail the remote e-voting and in-meeting voting facility.

For queries related to e-voting, shareholders may refer to the FAQs and user manual available at the download section of www.evoting.nsdl.com , call 022-4886 7000, or write to evoting@nsdl.co.in . The details of the Scrutinizer and procedure for Speaker Registration are provided in the EGM Notice.

At its board meeting held on May 11, 2026, Eraaya Lifespaces approved a series of significant corporate actions, including a proposed name change to Ebix Limited, a broad leadership restructuring, fund-raising plans of up to Rs. 425 Crores, and the convening of an Extra-Ordinary General Meeting (EGM) on June 08, 2026. The meeting commenced at 04:15 P.M. and concluded at 05:30 P.M. at Taj Chambers, Hotel Taj Mahal, Maan Singh Road, New Delhi.

Name Change and Strategic Repositioning

The board considered and approved the change in the company's name from "Eraaya Lifespaces Limited" to "Ebix Limited", along with consequential alterations to the Memorandum of Association and Articles of Association. The proposed change is subject to shareholder approval and such other statutory and regulatory approvals as may be required. The company stated that the name change is intended to reflect its strategic evolution, business positioning, and expanded operational focus.

Leadership Restructuring

Pursuant to the recommendation of the Nomination and Remuneration Committee, the board approved a comprehensive realignment of its leadership. The following table summarises the key changes approved on May 11, 2026:

The board also approved the appointment of an Independent Advisor to the Group for Compliance and Corporate Governance matters. Mr. Karan Bagga cited other professional and personal commitments as the reason for his resignation, Mr. Arun Batra cited other professional and career opportunities, and Mr. Deepak Singhal cited health issues. The board noted that the overall composition and strength of the board shall remain unchanged and in compliance with applicable regulatory requirements following these changes.

Profiles of Newly Appointed Directors

• Prof. Anil Kumar is a Professor of Finance & Corporate Governance at the Department of Commerce, Delhi School of Economics, University of Delhi, and also serves as CEO of DU Foundation. An alumnus of SRCC and Harvard Business School, he holds a Ph.D. in Corporate Governance from the University of Delhi and has authored more than ten books on corporate governance and CSR.
• Mr. Sushil Gupta is a Chartered Accountant with more than 30 years of experience in stabilizing, transforming, and scaling promoter-led organizations. He has held leadership roles at SpiceJet and Sahara India Group, with expertise in cash flow optimization, ERP-led digitization, and governance frameworks.
• Mr. Ashish Sharma is a Chartered Accountant with over 26 years of post-qualification experience, including over 15 years at Accenture leading operations across Finance & Accounts, FP&A, Treasury, and Supply Chain Management. He is also a certified Six Sigma Green Belt practitioner.
• Mr. Gautam Seth brings over 30 years of experience in secretarial, legal, corporate governance, and regulatory compliance. He has held senior positions at Varun Beverages Limited, Allied Nippon Limited, and Gajra Bevel Gears Limited, and is a qualified Company Secretary from ICSI.

Committee Reconstitution

Consequent to the changes in board composition, the board approved the reconstitution of the following three committees, while keeping the composition of all other committees unchanged:

• Risk Management Committee
• ESG Committee
• High Powered Steering Committee

Fund-Raising Proposals

The board approved fund-raising proposals aggregating up to Rs. 425 Crores, subject to receipt of necessary approvals, structured as follows:

In addition to the cash fund-raising, the board approved the issuance of 28,60,412 fully paid-up equity shares of face value Re. 1/- each for consideration other than cash, to certain shareholders of Ebix Inc. (a subsidiary of the company) belonging to the Non-Promoter Category. The proposed allottees are Melanie Lane Partners Series Fund, LLP (16,50,172 shares) and Watch Hill Capital (12,10,240 shares). Upon completion of the proposed transaction and agreed milestones, the entire equity of Ebix Inc. is stated to be held by Eraaya Lifespaces Limited, eliminating any residual minority interest.

The post-issue shareholding structure on a fully diluted basis, assuming full conversion of outstanding 20,00,000 warrants and 12,23,31,040 FCCBs into equity shares, is as follows:

Extra-Ordinary General Meeting

The board approved convening an EGM to seek member approvals for the various business decisions in accordance with the Companies Act, 2013 and other applicable laws. The EGM details are as follows:

The EGM notice will be sent through electronic mode to members whose email addresses are registered with Depository Participants, the Company, or the Registrar & Transfer Agent as on the cut-off date, and will also be available on the company's website at www.eraayalife.com .