Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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A civil suit has been filed by Bull Value Incorporated VCC sub-fund, a purported bondholder, before the Dwarka District Court in New Delhi, challenging the right issue of Eraaya Lifespaces' step-down subsidiary and related matters. The company is contesting the suit on the grounds that the court lacks territorial, pecuniary, and subject-matter jurisdiction. The Delhi High Court directed the lower court to first decide the jurisdictional issue, and on 19 December 2025 the Dwarka Court issued notice to SEBI to be impleaded as a necessary party, fixed 12 January 2026 as the next hearing date, and kept the 27 November 2025 status quo order in force. The proceedings are at a preliminary stage with no final order passed.
No immediate financial or operational impact has been flagged by the company, and the matter remains at a preliminary stage. However, the ongoing litigation and continuing status quo order create overhang and uncertainty around the right issue, which investors should monitor as the 12 January 2026 hearing approaches.