Vikas Lifecare has informed that Vikas Lifecare, as member of the Consortium led by Eraaya Lifespaces (Eraaya), a publicly listed entity on BSE which acquired Ebix Inc., under Chapter 11 proceedings, and had contributed USD 34.827 Million towards the bid amount, had invoked Arbitration against Eraaya. The arbitration has now concluded with the passing of an Award dated July 08, 2025, by the Learned Sole Arbitrator, Hon’ble Justice Vinod Goel (Retd.), former Judge of the High Court of Delhi. Please note since the award’s impact on Company’s financial, operation or other activities cannot be assessed in isolation, this disclosure is provided strictly to satisfy regulatory obligations, without prejudice. Other requisite details in terms of the said regulation read with SEBI circular SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure I to this letter.
The above information is a part of company’s filings submitted to BSE.
