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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Eraaya Lifespaces Ltd has called an EGM on June 8, 2026 via video conference. The meeting has 9 agenda items. Key proposals: (1) Change company name from 'Eraaya Lifespaces Limited' to 'Ebix Limited' via special resolution, aligning with Ebix Inc. (parent). (2) Appoint Prof. Anil Kumar as Independent Director for 5 years. (3) Appoint Mr. Sushil Gupta as Executive Director. (4) Appoint Mr. Ashish Sharma as Executive Director. (5) Appoint Mrs. Ila Gupta as Independent Woman Director for 5 years. (6) Issue 28,60,412 equity shares at Rs 32 per share (share swap) to Melanie Lane Partners and Watch Hill Capital in exchange for their 2.42% stake in Ebix Inc. subsidiary. (7) Issue up to 3,12,41,250 fully convertible warrants at Rs 32 each to raise up to Rs 99.97 crore from promoter group and public allottees, convertible within 18 months. (8) Seek authority to raise up to Rs 325 crore through various securities.
Name change formalizes Ebix group consolidation. Warrant issuance of Rs 100 crore and fund-raising authority of Rs 325 crore will cause significant equity dilution for existing shareholders. Share swap finalizes restructuring with Ebix Inc. shareholders.