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 successfully organized its inaugural global business leaders conclave, Ebix Odyssey 2025, marking a significant milestone in the company's innovation-led growth strategy. The strategic summit brought together business vertical heads and senior leadership from across the organization's global operations, emphasizing growth through innovation and future strategies.

Strategic Platform for Global Expansion

The conclave served as a comprehensive platform to solidify the roadmap for the next phase of global expansion. Backed by a global workforce of approximately 7,000 employees across 13 countries, the event facilitated strategic dialogue, leadership alignment, and long-term vision setting among key stakeholders.

Luxury Train Setting Enhances Strategic Discussions

The conclave was hosted aboard the Deccan Odyssey, a globally recognized luxury train and flagship offering operated and managed by Ebix Travels, the travel business arm of the group. The four-day journey provided an immersive environment for strategic dialogue while showcasing the scale of India's premium travel infrastructure. The train's premium amenities, fully equipped conference saloon, and personalized service enabled extended strategy sessions without disruption.

Core Business Focus Areas

Key deliberations centered on Ebix's core growth engines across four primary business segments:

• Technology: On-demand software, SaaS solutions, and digital exchanges supporting insurance, reinsurance, financial services, healthcare, risk and compliance
• Payments: Technology-enabled payment solutions and financial transaction platforms
• Travel: End-to-end travel distribution solutions, booking platforms, and digital marketplaces
• Emerging Businesses: E-learning solutions focused on digital education and professional training

The agenda emphasized scaling integrated platforms, driving innovation with commercial outcomes, and prioritizing long-term value creation. Additional focus areas included leadership effectiveness, evolving talent and HR strategies, and transparent dialogue through open-house sessions to reinforce accountability and cross-functional collaboration.

Leadership Perspectives on Transformation Journey

Dr. Vikas Garg, Chairman of Eraaya Lifespaces Limited Ebix Group, highlighted the significance of the event: "This conclave marks an inflection in our transformation journey. As we integrate the strengths of Ebix with Eraaya's long-term vision, our focus is firmly on building a future-ready organisation anchored in technology, disciplined execution, and sustainable value creation."

Gagan Sethi, Global CEO Technology Businesses, emphasized the collaborative spirit: "The Ebix Odyssey Conclave 2025 was much more than an event, a living, breathing experience. What stood out most was the genuine cross-border collaboration and shared sense of purpose that emerged over these days."

Strategic Positioning Post-Acquisition

Following the acquisition of Ebix Inc. by Eraaya Lifespaces Limited, the conclave reinforced the next phase of an innovation-led and sustainable growth journey. The event served as a reaffirmation of the core values and legacy that continue to define the Ebix brand, with emphasis on business strategy, operational excellence, and scalable opportunities across multiple verticals.

The company emphasized its commitment to moving forward with renewed clarity, stability, strategy, and intent, leveraging strong operational foundation, diversified platforms, and expansive market reach to drive sustainable growth and long-term value creation for partners, employees, and all stakeholders.