Eraaya Lifespaces Limited has informed the stock exchanges about ongoing legal proceedings under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that a civil suit has been filed against it by Bull Value Incorporated VCC sub-fund, described as a purported bondholder, before the Dwarka District Court in New Delhi.

Legal Proceedings Overview

The civil suit filed by Bull Value Incorporated VCC sub-fund challenges the company's step-down subsidiary's right issue and certain other matters. However, Eraaya Lifespaces has consistently contested the proceedings, arguing that the Dwarka District Court lacks territorial, pecuniary, and subject-matter jurisdiction in this matter.

The company has challenged the maintainability of the suit, its proceedings, and interim orders in various appropriate courts. Following these challenges, the Delhi High Court directed the Dwarka Court to decide the jurisdictional issue first.

Recent Court Developments

The matter was part-heard on December 19, 2025, in compliance with the Delhi High Court's directives. During this hearing, several procedural developments took place:

Impact Assessment

The company has confirmed that these legal proceedings have no impact on its financial, operational, or other business activities. This assessment is based on the fact that the proceedings remain at a preliminary stage and the crucial issue of jurisdiction is yet to be adjudicated by the court.

Regulatory Compliance

Eraaya Lifespaces made this disclosure in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has reserved all its rights and remedies in law and equity while pursuing the matter strictly in accordance with applicable laws. The disclosure includes detailed information as required under Schedule III of the SEBI regulations, ensuring full transparency with stakeholders and regulatory authorities.

Eraaya Lifespaces Limited contests the jurisdiction of the Dwarka District Court in this matter, while the proceedings remain at a preliminary stage. The company continues to address the legal challenge posed by Bull Value Incorporated VCC sub-fund, maintaining its position and complying with regulatory disclosure requirements.

Eraaya Lifespaces Limited has received a favorable outcome from the Securities and Exchange Board of India (SEBI) regarding a trading matter involving its promoter. The company disclosed that SEBI's Adjudication Order dated December 19, 2025, found no adverse findings, directions, or penalties against the promoter or associated entities.

SEBI Adjudication Order Details

The regulatory development stems from a Show Cause Notice (SCN) dated February 13, 2025, which the company had previously announced on February 17, 2025. The notice pertained to certain trading transactions in equity shares of another BSE-listed company, undertaken by the company's promoter along with certain family members and associated entities.

No Impact on Company Operations

The company emphasized that it faced no adverse consequences from the SEBI proceedings. Eraaya Lifespaces was not named as a noticee in the SEBI proceedings, and the adjudication order explicitly records that no adverse findings, directions, or penalties were imposed on the promoter, family members, or associated entities.

Response to Misleading Communications

The company addressed concerns about unauthorized communications circulated during the proceedings. Eraaya Lifespaces stated that certain persons with alleged malafide intent had:

• Circulated unauthorized and misleading communications regarding the SCN
• Conducted selective campaigns to escalate the matter
• Falsely portrayed the company as being under scrutiny
• Selectively cited the Show Cause Notice while disregarding factual positions

The company noted that these communications appeared aimed at creating reputational damage, misleading investors, and influencing public perception. The SEBI adjudication order has decisively exposed the baselessness of these narratives, according to the company's disclosure.

Stakeholder Advisory

In light of the favorable adjudication order, Eraaya Lifespaces strongly advised all stakeholders to disregard any unverified, unauthorized, or selectively circulated communications. The company emphasized that stakeholders should rely exclusively on official disclosures for accurate and complete information about the company's regulatory matters.

The complete SEBI adjudication order can be accessed on the regulator's official website. This development represents a significant resolution of the regulatory matter that had been pending since the initial Show Cause Notice in February 2025.