Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.
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Awaiting price reaction for this filing.
Eraaya Lifespaces Ltd has informed BSE that an ex-parte ad-interim injunction order passed by the Court of Senior Civil Judge cum Rent Controller, Tis Hazari, Delhi on May 5, 2025 has been vacated by the same court via order dated June 13, 2025. The injunction was originally obtained by M/s Vedas Opportunities Fund, one of the allottees in the company's QIP issue (allotted 26,200 equity shares of Rs 10 each), who had challenged the company's Preferential Issue approved at the 58th AGM held on September 28, 2024. The court strongly observed that the original ex-parte order was obtained through malafide acts including false statements, deliberate concealment, misrepresentation, willful suppression, misinterpretation of statutory provisions, and perjury by the plaintiff. The company clarified that neither the original order nor its vacation has any material impact on its financial or operational activities.
Positive for shareholders — the adverse court order against the company's Preferential Issue has been vacated, removing a legal overhang. The court's strong observations against the plaintiff (citing perjury and fraud) reinforce the legitimacy of the company's QIP/Preferential Issue. No financial or operational impact is expected.