Eraaya Lifespaces Limited has completed the conversion of 26,60,000 warrants into equity shares at ₹81 per share through its promoter group entity Just Right Life Limited. The transaction, executed on January 2, 2026, has been formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Warrant Conversion Transaction Details

Just Right Life Limited acquired the equity shares through conversion of warrants that were originally issued on preferential basis under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The newly allotted shares rank pari-passu with existing equity shares and are subject to stipulated lock-in periods.

Shareholding Pattern Changes

The conversion significantly altered Just Right Life Limited's shareholding in Eraaya Lifespaces, increasing both their equity stake and overall ownership percentage in the company.

Capital Structure Impact

Following the warrant conversion, Eraaya Lifespaces' paid-up capital has increased substantially, strengthening the company's equity base and providing enhanced financial flexibility for future operations.

Updated Capital Position

Outstanding Warrant Holdings

Despite the current conversion, Just Right Life Limited retains substantial warrant holdings for potential future conversions, maintaining significant conversion rights in the company.

The regulatory disclosure was filed with BSE Limited under scrip code 531035, ensuring full compliance with SEBI regulations. Just Right Life Limited, incorporated under CIN U74110DL2015PLC283415, continues to hold a significant position in Eraaya Lifespaces' capital structure through both converted equity shares and outstanding warrants.

Eraaya Lifespaces Limited has completed its largest warrant conversion to date, converting 32,00,000 warrants into equity shares on January 5, 2026. The fund-raising committee approved this conversion at ₹81.00 per share, raising ₹25.92 crores from promoter Vikas Garg, marking the completion of his full warrant conversion program.

Latest Warrant Conversion Details

The fund-raising committee meeting held on January 5, 2026, approved the allotment of 32,00,000 equity shares with a face value of ₹1.00 each at an issue price of ₹81.00 per share, including a premium of ₹80.00 each. This conversion represents the final exercise of Vikas Garg's warrant rights and was conducted as a preferential allotment under SEBI regulations.

Complete Warrant Conversion History

Vikas Garg, belonging to the promoter/promoter group category, has now completed his full warrant conversion program. The warrants were originally allotted on January 18, 2025, carrying the right to subscribe to one equity share per warrant. This latest conversion follows previous conversions of 18,00,000 warrants, bringing his total converted warrants to 50,00,000.

Shareholding Impact and Capital Structure

Following this warrant conversion, Vikas Garg's shareholding has increased significantly from 18,00,000 shares (0.88%) to 50,00,000 shares (2.42%). The conversion has completed his full warrant exercise program, with no pending warrants remaining for future conversion.

Updated Share Capital Structure

The warrant conversion has increased Eraaya Lifespaces' issued and paid-up capital to ₹20,66,94,160, consisting of 20,66,94,160 equity shares with a face value of ₹1.00 each. The new equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to the holder.

Regulatory Compliance and Documentation

The warrant conversion was executed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with comprehensive disclosure requirements fulfilled. The conversion was conducted in accordance with SEBI (ICDR) Regulations, 2018, and follows the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has communicated the outcome to BSE Limited with scrip code 531035 and ISIN INE432F01032. Company Secretary Vasudha Aggarwal has digitally signed all regulatory documentation for this transaction.