Eraaya Lifespaces EGM approves key financial and corporate governance resolutions

Eraaya Lifespaces Limited (formerly Justride Enterprises Limited) convened an Extra Ordinary General Meeting (EGM) on Tuesday, December 9, 2025, via video conferencing. The meeting successfully transacted all agenda items as outlined in the Notice of EGM dated November 14, 2025.

Key resolutions approved during the EGM included the issuance of equity shares on a preferential basis for non-cash consideration (swap of shares), and authorization for the board of directors to borrow money. Shareholders also approved giving loans, guarantees, or providing security for loans availed under Section 185 of the Companies Act 2013, and making loans and investments exceeding the ceiling prescribed under Section 186. Additionally, the EGM approved limits for related party transactions under Section 188, conversion of loans into equity, and recoupment of intragroup service charges from subsidiaries.

The meeting concluded at 01:20 P.M. (IST), with the scrutinizer's report on voting results to be circulated separately along with the e-voting report.