1. appointment of Mr. Sushil Gupta as Chief Executive Officer 2. appointment of Mr. Ashish Sharma as Chief Financial Officer

Eraaya Lifespaces announced a comprehensive leadership reshuffle at its board meeting on March 28, 2026. Mr. Sushil Gupta, a Chartered Accountant with 30+ years of experience at organizations like Spicelet and Sahara India Group, has been appointed as the new Chief Executive Officer. Mr. Ashish Sharma, a Chartered Accountant with 26+ years of experience including 15+ years at Accenture, has been appointed as the new Chief Financial Officer. The current CFO, Mr. C.S. Murty, will step down from the position but continue with the company in other roles. The board also approved the creation of new senior management positions for stronger governance and risk oversight, and reconstituted the Audit Committee and Risk Management Committee. Additionally, the company is moving from a unified global leadership structure at the Ebix Inc. subsidiary level to a decentralized model where each business vertical and geography will be independently led. Some consolidation-related agenda items were deferred pending further information.