Eraaya Lifespaces announced that the Commercial Court, Dwarka, New Delhi, has returned the plaint filed by Bull Value Incorporated VCC Sub-Fund and vacated the status quo directions previously operating in the matter. The order, dated June 1, 2026, and received by the company on June 3, 2026, validates the company's consistent position regarding the non-jurisdictional nature of the litigation. The court recorded that despite opportunities granted, the plaintiff did not place on record the Foreign Currency Convertible Bond (FCCB) title documents on the basis of which it claimed to be a bondholder.

The failure to produce these foundational documents occurred despite two separate judicial opportunities provided to the claimant. The company stated that this persistent failure prevented scrutiny of the Ultimate Beneficial Person (UBP), the plaintiff's locus standi, and the source of funds. This inability to substantiate fundamental aspects exposed the fragility of the plaintiff's case.

Court Observations and Proceedings

The matter, titled Bull Value Incorporated VCC Sub-Fund vs. M/s Walker Chandiok Co. LLP & Others (CS 628 of 2025), involved allegations that the company stated were devoid of merit. The returning of the plaint unequivocally vindicated the company's stance that the proceedings were unsupported by credible evidence. The company noted that the plaintiff deliberately withheld these foundational documents to prevent meaningful scrutiny of the identity of the UBP and the actual source of funds purportedly deployed for their acquisition.

Impact on Stakeholders

Throughout the pendency of the proceedings, the company stated that public shareholders, employees, customers, lenders, and vendors were subjected to avoidable uncertainty and disruption arising from the allegations. The company characterized the litigation as part of a broader pattern involving substantially similar allegations and parallel proceedings directed against it and its stakeholders. Eraaya Lifespaces Limited remains committed to transparency, regulatory compliance, and the protection of shareholder value.

Eraaya Lifespaces Limited has published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on June 2, 2026. The publication complies with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had previously approved these results at a meeting held on May 30, 2026.

The consolidated financial results for the year ended March 31, 2026, report a total income from operations of ₹6158.65 million. The company recorded a net profit of ₹819.98 million for the period after tax. In the preceding year ended March 31, 2025, the company reported a net loss of ₹-3253.65 million.

The standalone performance for the year ended March 31, 2026, reflects a total income from operations of ₹104.81 million. The standalone net loss for the period after tax was ₹-2740.55 million. The figures for the previous periods have been regrouped or rearranged where necessary to ensure comparability.

The financial results were reviewed by the Audit Committee and approved by the Board. The complete results are available on the BSE Limited website and the company's official website, www.eraayalife.com . Urvashi Upadhyay, Company Secretary and Compliance Officer, signed the intimation regarding the newspaper publication.

Financial Highlights for FY26