Just Right Life acquires 76 lakh shares in Eraaya Lifespaces

Just Right Life Limited has disclosed a substantial acquisition of shares in Eraaya Lifespaces Limited pursuant to the conversion of warrants. The acquirer, forming part of the Promoter/Promoter Group, was allotted 76,00,000 equity shares on April 23, 28, and 29, 2026. This allotment was carried out in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The newly allotted equity shares were issued at a price of ₹81 per share, which includes a premium of ₹80 per share. These shares rank pari-passu with the existing equity shares of the company and are subject to applicable lock-in requirements. The disclosure was submitted to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The transaction involved the conversion of 76,00,000 warrants acquired through preferential allotment into an equivalent number of equity shares. Prior to this acquisition, Just Right Life Limited held 74,00,000 shares carrying voting rights. The conversion of these warrants has significantly altered the acquirer's shareholding structure within the target company.

Shareholding Pattern

The following table outlines the changes in the shareholding pattern of Just Right Life Limited before and after the acquisition:

Description Number of Shares % of Total Share Capital % of Total Diluted Share Capital Before Acquisition Shares carrying voting rights 74,00,000 3.58 2.20 Warrants entitling to shares 76,00,000 0.00 2.26 Total Before Acquisition 1,50,00,000 3.58 4.46 Acquisition Details Shares acquired via conversion 76,00,000 3.55 2.26 After Acquisition Shares carrying voting rights 1,50,00,000 7.00 4.46

Capital Structure Changes

The equity share capital of Eraaya Lifespaces Limited has increased as a result of this allotment. Before the acquisition, the total voting capital stood at INR 20,66,94,160, divided into 20,66,94,160 equity shares of INR 1.00 each. Post-acquisition, the equity share capital has risen to INR 21,42,94,160, divided into 21,42,94,160 equity shares of INR 1.00 each. The total diluted share and voting capital of the company after the said acquisition is INR 33,66,25,200, divided into 33,66,25,200 equity shares of INR 1.00 each.

Eraaya Lifespaces Limited has published a newspaper advertisement pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing shareholders and the stock exchange of the dispatch of the Notice of its Extra-Ordinary General Meeting (EGM) along with e-voting details. The advertisement was published in Financial Express (English Edition) and Jansatta (Hindi Edition) on May 19, 2026, and the intimation was submitted to the Listing Compliance Department of BSE Limited on the same date by Company Secretary and Compliance Officer Urvashi Upadhyay.

EGM Details and Meeting Format

The EGM of the members of Eraaya Lifespaces Limited is scheduled to be held on Monday, June 8, 2026 at 11:30 AM (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting has been convened in compliance with the provisions of the Companies Act, 2013, and in accordance with the applicable MCA Circulars and SEBI Circulars issued from time to time, the latest being General Circular No. 09/2023 dated September 25, 2023 issued by the Ministry of Corporate Affairs.

The following table summarises the key meeting and e-voting parameters:

Parameter: Details EGM Date: Monday, June 8, 2026 EGM Time: 11:30 AM (IST) Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM) Cut-off Date for E-Voting Eligibility: June 1, 2026 Remote E-Voting Start: Friday, June 5, 2026 at 9:00 AM (IST) Remote E-Voting End: Sunday, June 7, 2026 at 5:00 PM (IST) E-Voting Service Provider: NSDL Company Secretary & Compliance Officer: Sandeep Kumar Date of Notice: May 16, 2026

Notice Dispatch and Document Availability

Pursuant to the applicable circulars, the Notice of the EGM has been dispatched through electronic mode to those members whose email IDs are registered with their depository participants or the Company's Registrar and Share Transfer Agent. The EGM Notice and related documents are accessible through the following platforms:

Company website: www.eraaya.com

BSE Limited website: www.bseindia.com

NSDL e-voting website: www.evoting.nsdl.com

E-Voting Procedure and Shareholder Information

In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, and Regulation 44 of the SEBI (LODR) Regulations, 2015, the Company is providing its members — holding shares in physical or dematerialised form as on the cut-off date of June 1, 2026 — the facility to cast their votes electronically through NSDL's e-voting services.

Key e-voting guidelines for shareholders include:

Members who have not yet registered their email addresses may do so through the procedure outlined in the EGM Notice.

New members who acquired shares after the dispatch of the notice may obtain their User ID and password by sending a request to evoting@nsdl.co.in or helpdesk.evoting@cdslindia.com .

Members already registered with NSDL for e-voting may use their existing credentials.

Members who cast their votes via remote e-voting prior to the EGM may attend the meeting through VC/OAVM but shall not be permitted to vote again during the EGM.

Only persons whose names are recorded in the Register of Members or in the register of beneficial owners maintained by the depositories as on the cut-off date shall be entitled to avail the remote e-voting and in-meeting voting facility.

For queries related to e-voting, shareholders may refer to the FAQs and user manual available at the download section of www.evoting.nsdl.com , call 022-4886 7000, or write to evoting@nsdl.co.in . The details of the Scrutinizer and procedure for Speaker Registration are provided in the EGM Notice.

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