Eraaya Lifespaces Ltd Approves Q & Half-Year Results; Appoints Company Secretary
Eraaya Lifespaces Ltd, a company listed on the BSE, announced the outcome of its Board of Directors meeting held on April 18, 2026. The meeting approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Additionally, the Board approved the appointment of a new Company Secretary.Financial Results for Q2 FY26 and Half-Year Ending September 30, 2025
The Board approved the financial results for the quarter and half year ended September 30, 2025, following review by the Audit Committee and the issuance of a Limited Review Report by the Statutory Auditors.The company’s performance figures for the quarter and half year ended September 30, 2025, compared to prior periods, are detailed below:
| Metric (in Millions, except shares and EPS) | Q to Sep 30, 2025 (Unaudited) | Q to Sep 30, 2025 (Restated) | Half Year Ended Sep 30, 2025 (Unaudited) | Year Ended Mar 31, 2025 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 6,356.87 | 6,092.80 | 12,449.67 | 14,805.21 |
| Total Revenue | 6,603.97 | 6,510.85 | 13,114.82 | 15,360.12 |
| Total Expenses | 6,811.30 | 7,653.84 | 14,465.14 | 16,171.90 |
| Profit/(Loss) before Tax | (205.39) | (1,141.43) | (1,350.32) | (811.78) |
| Total Comprehensive Loss (Owners of Group) | (1,971.31) | (1,483.37) | (3,454.68) | (3,587.21) |
Note: The consolidated results include financial details of Ebix Inc., along with 49 step-down subsidiaries and 1 associate.
Appointment of Key Managerial Personnel
The Board of Directors, based on a recommendation from the Nomination and Remuneration Committee, approved the appointment of Ms. Urvashi Upadhyay as the Company Secretary (Key Managerial Personnel) with immediate effect. Ms. Upadhyay is an associate member of the Institute of Company Secretaries of India and currently serves as the Company's Compliance Officer.Notable Corporate Transactions and Acquisitions
The review reports highlighted several key transactions and developments concerning the Group’s subsidiaries and major acquisitions:1. Ebix Inc. Acquisition and VLL Settlement:
The financial reports noted that Eraaya Lifespaces Limited completed the acquisition of Ebix Inc. and its global subsidiaries during the previous year through successful bids approved as part of Chapter 11 proceedings supervised by the Dallas Court in the United States.
During this period, Vikas Lifecare Limited (VLL), acting as part of a consortium led by Eraaya Lifespaces Limited, contributed 2,977.27 million (equivalent to US$ 34.83 million) toward the acquisition of Ebix Inc.
An addendum agreement dated August 16, 2024, stipulated that VLL would receive 51% equity shares of Ebix International Holdings Limited (EIHL), a subsidiary of Ebix Inc., should Eraaya Lifespaces Limited default on repayment. Upon non-repayment by January 31, 2025, VLL invoked the arbitration clause. The matter was settled during the quarter ended June 30, 2025, through a settlement deed, resulting in the transfer of 51% equity shares of EIHL to VLL.
2. Foreign Currency Convertible Bonds (FCCBs):
To fund the acquisition of Ebix Inc., the Holding Company issued 9.50% Senior Secured Foreign Currency Convertible Bonds aggregating USD 120 million, with a maturity date of August 25, 2031.
- Out of the total FCCBs issued, USD 40 million is pending receipt. Legal proceedings for recovery of this amount are currently pending before the High Court of Justice, King's Bench Division, where the amount is disclosed as a receivable and considered good.
- The Company acknowledged contingent liabilities amounting to 7,104.97 crore towards unrecognised interest on FCCBs, subject to the outcome of ongoing litigation.
- Dubai Subsidiary: The Holding Company incorporated a wholly owned subsidiary, Eraaya Lifestyle Vacation Homes LLC, in Dubai on July 13, 2024. Due to a change in business plans, the subsidiary has not yet commenced operations, and its financial results have not been consolidated.
- Intercompany Transactions: The Group entered into related party transactions, including inter-corporate deposits (ICDs), and other receivable/payable arrangements, aggregating to 7,775.07 million during the half year ended September 30, 2025. While the transaction value exceeded the materiality threshold subsequent to the reporting date, the effect of these transactions was eliminated during consolidation, leaving no impact on the reported financial results.
Stock Price Movement
Eraaya Lifespaces Ltd shares settled at ₹34.07 on Friday, gaining 4.99% in the session. Throughout the day, the stock traded across a range from a low of ₹33.05 to a high of ₹34.07.Source:
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