EbixCash World Money Limited, a subsidiary of Ebix Limited (formerly known as Eraaya Lifespaces Ltd), has received approval from the Reserve Bank of India to undertake trade remittances, becoming the first non-bank institution in India to receive such authorization. The approval expands the scope of EbixCash World Money's existing perpetual Authorised Dealer Category-II (AD-II) licence, allowing it to operate in a segment of cross-border payment services traditionally serviced by banking channels. This development marks a significant milestone in the evolution of India's regulated cross-border payments ecosystem.

The approval enables EbixCash World Money to undertake trade remittances in accordance with the Foreign Exchange Management Act (FEMA) and directions issued by the Reserve Bank of India. By entering this segment, the company aims to support India's growing integration with global markets, expanding merchandise trade, and increasing participation of MSMEs in international commerce. The company expects sustained demand for efficient, technology-enabled, and compliant payment solutions in this area.

Strategic Expansion and Capabilities

EbixCash already operates a foreign exchange and cross-border payments business supported by a nationwide distribution network and a technology-driven operating platform. The addition of trade remittance capabilities builds upon these existing strengths, enabling the business to offer a broader suite of integrated and regulated cross-border payment solutions through a single platform. The move aligns with the group's long-term strategy of building a diversified, technology-led platform serving customers across multiple markets.

Management Commentary

T. C. Guruprasad, CEO & Managing Director of EbixCash World Money Ltd., stated that the approval marks an important milestone and expands the range of regulated solutions the company can provide. He emphasized the company's commitment to maintaining high standards of regulatory compliance, governance, and operational excellence. Guruprasad noted that the approval allows the company to extend its capabilities into a new market segment, better serving businesses engaged in international trade.

The CEO highlighted that the long-term opportunity in cross-border commerce is significant, with businesses increasingly requiring integrated payment solutions that combine technology, compliance, and operational efficiency. He affirmed that Ebix is well-positioned to participate in this evolving landscape and remains focused on delivering sustainable value to customers, partners, and shareholders through disciplined execution and responsible growth.

About Ebix Limited

Ebix Limited (formerly known as Eraaya Lifespaces Ltd) is a global holding company of Ebix Inc. and its worldwide subsidiaries. Following a strategic transition in 2024, the company evolved into a diversified, technology-led holding platform with operations across 13 countries. Its business segments include Technology, Payments, Travel, and Emerging Businesses, serving enterprise and consumer markets worldwide.

Ebix Limited, formerly known as Eraaya Lifespaces Limited, has clarified to BSE regarding a delay in the submission of a disclosure on May 23, 2026. The company stated that the delay was inadvertent and that the information has since been duly verified. It emphasized that there was no intent to delay the dissemination of material information or withhold any details from the public.

The clarification was submitted to the Listing Compliance Department of BSE Limited, located at Phirozee Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The communication was signed by Urvashi Upadhyay, the Company Secretary & Compliance Officer, on behalf of Ebix Limited. The company requested that the exchange take the clarification on record.

Ebix Limited operates with its Corporate Office at Vikas House, 3, Arihant Nagar, Punjabi Bagh West, Delhi-110026. The Registered Office is located at 54, Janpath, New Delhi-110001. The corporate identity number (CIN) for the entity is L 74899 DL 1967 PLC 004704.

The scrip code for the company on the exchange is 531035, with the ISIN listed as INE432F01032. The company’s website is www.eraayalife.com , and contact can be made via email at contact@eraayalife.com or by phone at +91 11 44191919.