Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Eraaya Lifespaces informed the stock exchange that Walker Chandiok & Co LLP, one of the joint statutory auditors of certain subsidiaries under the Ebix Inc. structure, has resigned citing non-alignment on commercial terms (proposed audit fee reduction deemed insufficient). The resignation affects at least five subsidiaries including Ebix Technologies Limited (formerly EbixCash Limited), EbixCash World Money Limited, Ebix Money Express Private Limited, Ebix Payment Services Private Limited, and Ebix Travels Private Limited. M/s K. G. Somani & Co. LLP will continue as the Sole Statutory Auditor for these subsidiaries for the remainder of their terms. The auditor explicitly stated there were no governance or information-related concerns leading to the resignation.
The auditor exits are limited to subsidiaries and do not affect Eraaya Lifespaces Limited's own statutory auditors or consolidated financial statements. Retail investors should note potential short-term noise around the Ebix subsidiary group but no direct impact on the parent company's audit or financials.