Board Meeting11 May 2026, 07:01 pm
Eraaya Lifespaces Board Approves Name Change to Ebix, ₹425 Cr Fundraise
AI Summary
Eraaya Lifespaces Ltd's board approved changing the company name to "Ebix Limited" and a fund-raising plan of up to ₹425 Crores through various permissible modes. The board also approved leadership changes, including appointments of Prof. Anil Kumar as an Independent Director and Mr. Gautam Seth as Group Company Secretary. Mr. Sushil Gupta and Mr. Ashish Sharma received expanded responsibilities, while Mr. Karan Bagga, Mr. Arun Batra, and Mr. Deepak Singhal resigned. Board committees were reconstituted to align with the evolving governance framework.
Key Highlights
- Eraaya Lifespaces to change its name to "Ebix Limited", pending shareholder and regulatory approvals.
- Board approves fund-raising of up to ₹425 Crores through multiple modes.
- Prof. Anil Kumar appointed as an Independent Director; Mr. Gautam Seth as Group Company Secretary.
- Mr. Karan Bagga, Mr. Arun Batra, and Mr. Deepak Singhal resigned from their respective positions.
- Board committees reconstituted to ensure appropriate skills and independence.