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.

Eraaya Lifespaces Limited has filed its reconciliation of share capital audit report for the quarter ended March 31, 2026, with BSE Limited. The report was submitted on April 07, 2026, in compliance with Regulation 76 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Share Capital Structure

The audit report reveals the company's current share capital position as of March 31, 2026:

Warrant Conversions During Q4FY26

The company executed three warrant conversion transactions during the quarter:

All warrant conversions were duly intimated to both CDSL and NSDL, with no in-principal approvals pending.

Compliance and Administrative Updates

The audit report indicates that the register of members has been updated and there are no excess dematerialized shares from the previous quarter. The company reported no delays in processing dematerialization requests, with no requests confirmed after 21 days or pending beyond the stipulated timeframe.

Notably, the company's previous Company Secretary and Compliance Officer, Ms. Vasudha Aggarwal, resigned from her position effective January 17, 2026. The audit was conducted by Mrs. Shubhangi Agarwal of M/s Shubhangi Agarwal & Associates, Company Secretaries, and the company's registrar and transfer agent is Skyline Financial Services Private Limited.

Corporate Information

Eraaya Lifespaces Limited, formerly known as Justride Enterprises Limited, maintains its registered office at 54, Janpath, New Delhi - 110001. The company's securities are listed exclusively on BSE Limited under scrip code 531035. The audit report was signed by Director Arun Batra (DIN: 06500891) on behalf of the company.