Multibagger penny stock under Rs 50 in focus as company announces major updates; Complete details inside!

On Tuesday, shares of Eraaya Lifespaces Limited surged 4.74 per cent to Rs 47.29 per share from its previous closing of Rs 45.15 per share. The stock’s 52-week high is Rs 316.90 per share and its 52-week low is Rs 39.99 per share. In June 2025, the President of India made a fresh entry and bought 14,30,092 shares or 0.75 per cent stake in the company.

Eraaya Lifespaces has appointed Mr. Gagan Sethi as the new CEO of its Ebix Technologies business vertical and Group CIO. This marks his return to the company, where he previously served as Chief Technical Officer and was instrumental in building the technology business. With over 30 years of experience in the FinTech and InsurTech industries, Sethi's leadership is expected to drive innovation and expansion for Ebix Technologies, reinforcing the company's focus on technology-led growth.

Additionally, the company has announced its 59th Annual General Meeting (AGM) for the financial year 2024-25, scheduled for Tuesday, September 30, 2025. The meeting will be held via video conferencing and will cover several key agenda items, including adopting the audited financial statements, appointing a new secretarial auditor for five years and seeking approval from members to authorise the board to borrow up to Rs 3,500 crore. Other special resolutions include authorising the board to make loans and investments, approving limits for related party transactions and allowing for the conversion of certain loans into equity shares.

Furthermore, Eraaya Lifespaces, through its subsidiary Ebix Technologies, has signed a multi-year deal with GT Insurance in Australia, which is backed by Allianz. The agreement allows GT Insurance to offer its new Heavy Motor Transport Package on Ebix Australia's digital platform, Sunrise Exchange. This expands on a previous partnership and aims to increase GT Insurance's reach across the Australian market. The deal, which is already generating revenue, uses a scalable software-as-a-service (SaaS) model, digitising all policy and broker interactions to improve efficiency.

About Eraaya Lifespaces Ltd

Eraaya Lifespaces, a lifestyle and hospitality company focused on luxury, innovation and technology, is expanding its global footprint and offerings through the strategic acquisition of Ebix Inc. USA and its worldwide subsidiaries. This move significantly broadens Eraaya's scope beyond its core business of creating immersive cultural experiences, as Ebix is a global leader in software and e-commerce solutions across insurance, financial services, travel, healthcare and e-learning. By integrating Ebix's expertise in areas like advanced insurance exchanges and SaaS solutions, Eraaya aims to drive transformative innovation and redefine the future of business in interconnected global markets.

In its Quarterly Results (Q1FY26), the company reported net sales of Rs 609 crore and a net loss of Rs 24 crore. Looking at its annual results (FY25), the company reported net sales of Rs 22.32 crore and a net profit of Rs 25.87 crore.

The company has a market capitalisation of over Rs 900 crore and a 130 per cent 5-year stock price CAGR. The stock gave multibagger returns of over 2,160 per cent in 3 years and a whopping 6,000 per cent in 5 years. As of June 2025, the company's promoters own 35.61 per cent stake, FIIs own 22.47 per cent, DIIs own 1.61 per cent, the Government of India owns 0.75 per cent and the rest 39.56 per cent stake is owned by the public.

Disclaimer: The article is for informational purposes only and not investment advice.