Outcome of Fund-Raising Committee Meeting held today, i.e. January 2, 2026.
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Eraaya Lifespaces Ltd's Fund-Raising Committee approved the allotment of 26,60,000 equity shares (face value Re. 1 each) at an issue price of Rs. 81 per share (including Rs. 80 premium) upon conversion of equivalent warrants previously issued on a preferential basis. The allotment was made to M/s. Just Right Life Limited, a promoter group entity, which paid the remaining 75% balance amount due on these warrants. Following this allotment, the company's paid-up equity capital increased to Rs. 20,34,94,160 comprising 20,34,94,160 equity shares, and Just Right Life Limited's shareholding rose from 2.33% (47,40,000 shares) to 3.64% (74,00,000 shares).
This is a dilution event for existing shareholders as 26.6 lakh new shares are being issued, but since the allotment is to a promoter group entity, promoter holding strengthens. About 76 lakh warrants remain pending conversion, signaling further potential equity dilution in the future.