Eraaya Lifespaces Ltd Share Price – BSE

Finance, Small Cap

Net loss of Eraaya Lifespaces reported to Rs 6.00 crore in the quarter ended March 2025. There were no net profit/loss reported during the previous quarter ended March 2024. Sales declined 87.83% to Rs 1.88 crore in the quarter ended March 2025 as against Rs 15.45 crore during the previous quarter ended March 2024.

For the full year,net loss reported to Rs 25.86 crore in the year ended March 2025 as against net profit of Rs 0.34 crore during the previous year ended March 2024. Sales declined 92.81% to Rs 21.38 crore in the year ended March 2025 as against Rs 297.20 crore during the previous year ended March 2024.

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Eraaya Lifespaces will hold a meeting of the Board of Directors of the Company on 30 May 2025.

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Eraaya Lifespaces announced that its subsidiary, Ebix Travels ? a leading global provider of comprehensive travel solutions ? has been appointed the Official Travel Partner for WAVES Bazaar 2025. This marks a significant milestone for Ebix Travels and further solidifies its leadership position within the travel industry.

World Audio Visual & Entertainment Summit [WAVES Bazaar, 2025] is a prestigious global initiative, spearheaded by the Government of India, scheduled in Mumbai from May 1-4, 2025, serves as a premier global marketplace for the Media and Entertainment (M&E) industry.

WAVES Bazaar, 2025 has been conceptualized in collaboration with FICCI Frames Content Marketplace, the event aims to catalyse international cooperation, unlock co-production opportunities, and stimulate meaningful business exchanges. Among its many highlights, the summit will feature a structured Buyer-Seller segment, offering direct engagement among producers, studios, broadcasters, and leading streaming platforms.

As the Official Travel Partner, Ebix Travels will be responsible for delivering comprehensive travel and hospitality solutions for both domestic and international delegates. Leveraging its global footprint and advanced, tech-enabled infrastructure, Ebix Travels is dedicated to ensure a seamless, efficient, and enriching travel experience that aligns with the global ambitions and stature of WAVES Bazaar 2025.

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Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million.

Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July  2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued.

However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.

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