Outcome of Fund-Raising Committee Meeting held today, i.e. December 29, 2025.
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Eraaya Lifespaces Ltd has converted 44.4 lakh warrants into equity shares at Rs. 81 per share (including Rs. 80 premium), bringing in roughly Rs. 36 crore to the company. These warrants were originally issued on a preferential basis on January 18, 2025, and the allottee has now paid the remaining 75% balance to exercise the conversion. All 44.4 lakh shares have gone to Just Right Life Limited, a promoter group entity, taking its holding from 0.15% (3 lakh shares) to 2.38% (47.4 lakh shares). The company's paid-up equity capital has risen to Rs. 19.93 crore, spread across 19.93 crore shares of Re. 1 each. Out of the 1.5 crore warrants originally issued, 47.4 lakh have now been converted, leaving about 1.03 crore warrants still pending conversion.
Existing shareholders face mild dilution, but the promoter group's increasing stake signals insider confidence in the company. The Rs. 36 crore inflow strengthens the company's capital position, though 1.03 crore more warrants remain pending, meaning further dilution is likely down the line.