Cessation of Mr. C.S. Murty as CFO consequent to stepped down

Eraaya Lifespaces' board, at its March 28, 2026 meeting, approved a major leadership overhaul at the parent level. Mr. Sushil Gupta, a Chartered Accountant with 30+ years of experience in promoter-led organizations, was appointed as CEO and KMP. Mr. Ashish Sharma, a CA with 26+ years of experience including 15+ years at Accenture, was appointed as CFO and KMP. The incumbent CFO, Mr. C.S. Murty, stepped down from the position, though he will continue with the company in other roles. The board also approved new senior management positions to bolster governance, compliance and risk, and reconstituted the Audit Committee and Risk Management Committee. At the subsidiary (Ebix Inc.) level, the company announced a shift from a unified global leadership model to a decentralized structure where each business vertical and geography will be independently led. Certain consolidation-related agenda items were discussed but deferred pending further expert input.