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.

Eraaya Lifespaces has taken a significant step by withdrawing its request for equity approval, marking an important development in the company's corporate proceedings. This decision represents a notable shift in the company's capital structure strategy and indicates a change in its immediate financing plans.

Corporate Decision on Equity Approval

The withdrawal of the equity approval request suggests that Eraaya Lifespaces has reassessed its capital requirements or strategic priorities. Such decisions typically reflect changes in market conditions, internal financial assessments, or revised business strategies that no longer require the previously sought equity arrangements.

Supreme Court Proceedings

In related legal developments, the Supreme Court has rejected an appeal filed by the former CEO of Ebix. This judicial decision adds another dimension to the ongoing legal matters surrounding the company and its leadership transitions.

Implications for Stakeholders

These dual developments - the withdrawal of the equity request and the Supreme Court's rejection of the former CEO's appeal - represent significant milestones in Eraaya Lifespaces' corporate journey. The company's decision to withdraw its equity approval request may indicate a strategic pivot or changed circumstances that no longer necessitate the previously planned equity arrangements.

The Supreme Court's decision regarding the former Ebix CEO's appeal provides clarity on the legal front, potentially allowing the company to focus on its core business operations without the uncertainty of pending judicial proceedings.