Eraaya Lifespaces Ltd

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. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1.8815.45 -88 21.38297.20 -93 OPM %-1100.530.65 --149.860.04 - PBDT-3.650.24 PL -34.070.46 PL PBT-3.790.21 PL -34.370.43 PL NP-6.000 0 -25.860.34 PL Powered by Capital Market - Live

Eraaya Lifespaces will hold a meeting of the Board of Directors of the Company on 30 May 2025.Powered by Capital Market - Live

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.Powered by Capital Market - Live

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.  Powered by Capital Market - Live

Eraaya Lifespaces announced that its subsidiary, Ebix Smartclass Educational Services (ESESPL), in Q3 FY 2024-25, has secured 424 contracts, amounting to an order value of Rs 5.28 crore. Year-to-date (YTD) December 2024, the company has successfully secured 1,392 contracts with a total order value of Rs 30.82 crore. Looking ahead to Q4 FY 2024-25, Ebix Smartclass anticipates securing more than 700 contracts with an estimated order value of Rs 10 crore, further strengthening its market presence and growth trajectory. Powered by Capital Market - Live

Net loss of Eraaya Lifespaces reported to Rs 20.85 crore in the quarter ended December 2024 as against net profit of Rs 0.23 crore during the previous quarter ended December 2023. Sales declined 4.87% to Rs 17.20 crore in the quarter ended December 2024 as against Rs 18.08 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales17.2018.08 -5 OPM %-75.58-0.61 - PBDT-31.820.10 PL PBT-31.900.10 PL NP-20.850.23 PL Powered by Capital Market - Live

Eraaya Lifespaces will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Eraaya Lifespaces will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Eraaya Lifespaces has allotted 2,09,630 equity shares pursuance to stock split (1 equity share of Rs 10 each into 10 equity shares of Re 1 each) and on conversion of Secured Foreign Currency Convertible Bonds Due 2031 (FCCBs). With this allotment, the paid up equity share capital has increased to Rs 18,92,94,160 divided into 18,92,94,160 fully paid-up equity shares of Re. 1/- each.Powered by Capital Market - Live

EbixCash (subsidiary of Eraaya Lifespaces) has successfully begun the rollout of a comprehensive ticketing solution for the Karnataka State Road Transport Corporation (KSRTC). The transport division of EbixCash has been chosen by KSRTC as the Technology Solution Provider for the supply, commissioning, and maintenance of Smart Electronic Ticketing Machines (ETMs) as part of a comprehensive ticketing solution. This five-year contract, valued at approximately Rs 33.5 crore, covers all state-run buses. It involves implementing EbixCash's Automatic Fare Collection System (AFCS) on Android-based ticketing devices with digital payment options tailored to KSRTC's business rules. Over 10,000 devices will be deployed across 84 depots, serving a fleet of 8,000 buses, with plans to expand to up to 15,000 devices over the next five years. Powered by Capital Market - Live