Eraaya lifespaces Limited has temporarily suspended access to its official website after detecting unauthorized and malicious content, the company announced on January 20, 2026. The security incident prompted immediate precautionary measures to protect stakeholders and users from potential risks.

Security Incident Response

The company identified a technical issue involving unauthorized and malicious content on a specific section of its official website. As a safety-first measure, access to the affected portion has been temporarily suspended to prevent any inconvenience or risk to users.

Company Operations and Business Segments

Eraaya Lifespaces Limited operates as a global holding company of Ebix Inc. and its worldwide subsidiaries across 13 countries. Following a strategic transition in 2024, the company evolved from its conventional roots in lifestyle and hospitality into a diversified, technology-led holding platform serving enterprise and consumer markets worldwide.

The company operates through four core business segments:

• Technology: On-demand software, SaaS solutions, and digital exchanges supporting insurance, reinsurance, financial services, healthcare, and risk compliance
• Payments: Technology-enabled payment solutions and financial transaction platforms across diverse geographies
• Travel: End-to-end travel distribution solutions, booking platforms, payments integration, and digital marketplaces serving airlines, travel agencies, corporates, and consumers
• Emerging Businesses: E-learning solutions focused on digital education and training for skill development and professional learning

Stakeholder Communication

The company remains committed to maintaining the highest standards of digital security, transparency, and stakeholder protection. During the website suspension period, stakeholders are advised to rely only on official communications from the company. Further updates will be shared as appropriate once the security validation process is completed.

Eraaya Lifespaces Limited has escalated its legal strategy in an ongoing Foreign Currency Convertible Bond (FCCB) dispute by filing a comprehensive application before the High Court of Justice, London, seeking decisive resolution of the litigation.

Court Application Details

On January 9, 2026, Eraaya filed applications seeking to strike out the Part 20 Claim and counterclaim filed by three alleged bondholders and obtain summary judgment in its favor. The application targets claims made by Multitude Growth Funds Limited, Bull Value Incorporated VCC Sub-Fund, and Selvi Capital PLC, who are admitted as second to fourth defendants in Eraaya's claim.

Injunctive Relief Sought

As ancillary relief, Eraaya has requested a prohibitory injunction under Section 37 of the Senior Courts Act, 1981, read with CPR Rule 25.1(1)(a). This injunction would restrain the alleged bondholders from asserting bondholder rights or representing themselves as entitled to enforce FCCB terms before courts or forums in any jurisdiction outside England. The company has also sought appropriate cost orders.

Company's Position on Claims

Eraaya maintains that the counterclaims advanced by the alleged bondholders are fundamentally untenable. The company expressed serious concern that FCCB-related developments have been appropriated as pressure mechanisms rather than grounded claims of entitlement. Key issues identified include:

• Counterclaims pursued outside the governing contractual framework
• Lack of legal foundation for the claims
• Parallel assertions across multiple forums to artificially construct leverage
• Misuse of litigation process and jurisdictional overreach

The company firmly rejects attempts to dictate outcomes through litigation posturing and considers its current applications necessary to curb process misuse, reinforce legal certainty, and safeguard investor interests.

Business Background

Eraaya Lifespaces Limited operates as a global holding company of Ebix Inc. and its worldwide subsidiaries across 13 countries. Following a strategic transition in 2024, the company evolved from conventional lifestyle and hospitality operations into a diversified, technology-led holding platform serving enterprise and consumer markets globally.

The company remains confident in the strength of its case and continues pursuing proceedings with leading legal advisers in the United Kingdom, acting proactively to safeguard its rights and ensure unsubstantiated claims do not impact business operations or long-term stakeholder value.