Eraaya Lifespaces Limited has successfully converted 26,60,000 warrants into equity shares at ₹81 per share on January 2, 2026. The fund-raising committee approved this conversion during their meeting, marking a significant step in the company's capital expansion strategy under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Warrant Conversion Details

The conversion involved warrants that were originally issued on a preferential basis on January 18, 2025. Each warrant carried the right to subscribe to one equity share upon receipt of the subscription amount.

Allottee Holdings and Impact

Just Right Life Limited, belonging to the promoter/promoter group category, received the converted equity shares upon payment of the remaining balance amount. The conversion significantly impacted the entity's shareholding pattern as disclosed in the regulatory filing.

Capital Structure Enhancement

Following the warrant conversion, Eraaya Lifespaces' capital structure has been strengthened with increased paid-up capital. The company filed the outcome with BSE Limited under the regulatory compliance framework.

Updated Capital Position

• New Paid-up Capital: ₹20,34,94,160
• Total Equity Shares: 20,34,94,160 shares
• Face Value per Share: ₹1.00
• Ranking: New shares rank pari-passu with existing equity shares

Outstanding Warrant Position

Despite this conversion, Just Right Life Limited retains a substantial warrant position for future conversions as detailed in the comprehensive regulatory disclosure.

The fund-raising committee meeting was conducted efficiently, commencing at 3:30 PM and concluding at 3:45 PM on January 2, 2026. The conversion aligns with SEBI (ICDR) Regulations, 2018 and strengthens the company's equity base while providing the promoter group with increased ownership participation. The company has filed all necessary disclosures with the listing compliance department as required under the regulatory framework.

Eraaya Lifespaces Limited has completed another warrant conversion, converting 15,00,000 warrants into equity shares on January 1, 2026. The fund-raising committee approved this conversion at ₹81.00 per share, raising ₹12.15 crores from promoter Vikas Garg.

Latest Warrant Conversion Details

The fund-raising committee meeting held on January 1, 2026, approved the allotment of 15,00,000 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 follows the company's warrant allotment strategy under SEBI regulations and was conducted as a preferential allotment.

Allottee Information and Shareholding Changes

Vikas Garg, belonging to the promoter/promoter group category, was the sole allottee for this warrant conversion. The warrants were originally allotted on January 18, 2025, carrying the right to subscribe to one equity share per warrant. Garg had originally been allotted 50,00,000 warrants, of which 3,00,000 had been converted previously.

Warrant Conversion Status

The comprehensive warrant position shows Vikas Garg's systematic approach to exercising warrant rights. He still holds a significant number of unconverted warrants for future conversions, representing substantial potential for additional capital infusion.

Impact on Share Capital Structure

Following the warrant conversion, Eraaya Lifespaces' issued and paid-up capital has increased to ₹20,08,34,160. The new equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to the holder. The conversion represents the exercise of rights upon receipt of the remaining balance amount being 75% of the issue price per warrant.

Regulatory Compliance

The warrant conversion was executed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with proper 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.