Outcome of Fund-Raising Committee Meeting held today, i.e. January 5, 2026.
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Eraaya Lifespaces Ltd has allotted 32,00,000 equity shares to promoter Vikas Garg upon conversion of an equal number of warrants originally issued on a preferential basis on January 18, 2025. The shares were allotted at Rs. 81 each (face value Re. 1, premium Rs. 80), with the promoter paying the remaining 75% of the issue price. Post-allotment, Mr. Vikas Garg's holding rises from 18,00,000 shares (0.88%) to 50,00,000 shares (2.42%) of the company. The total paid-up equity capital of the company now stands at Rs. 20.67 crore, comprising 20,66,94,160 equity shares of Re. 1 each. The new shares will rank equally with existing equity shares.
This is a promoter-driven warrant conversion that strengthens the promoter's stake, signaling confidence in the company. Since the funds were already committed at the time of warrant issuance, there is no fresh capital inflow now, but existing public shareholders face a marginal dilution of about 1.54% in their holding.