Board Meeting11 May 2026, 06:51 pm
Eraaya Lifespaces to change name to Ebix; Leadership Changes
AI Summary
Eraaya Lifespaces Ltd's board approved changing the company name to "Ebix Limited," pending shareholder and regulatory approvals. The board also approved leadership changes, including the appointment 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 as Additional Directors. Mr. Karan Bagga, Mr. Arun Batra, and Mr. Deepak Singhal resigned. The board approved fund-raising up to ₹425 Crores through various means, including a preferential issue of up to ₹100 Crores.
Key Highlights
- Eraaya Lifespaces to change its name to Ebix Limited, pending approvals.
- Prof. Anil Kumar appointed as an Independent Director.
- Mr. Gautam Seth appointed as Group Company Secretary.
- Board approves fund-raising up to ₹425 Crores.
- Mr. Karan Bagga, Mr. Arun Batra, and Mr. Deepak Singhal resigned from their positions.