Eraaya Lifespaces Limited , a leading lifestyle and hospitality company, has announced a significant milestone for its flagship payments and forex arm, EbixCash World Money. The company has opened its 100th branch in the spiritually significant city of Tiruvannamalai, Tamil Nadu, marking a pivotal moment in its expansion strategy.

Expanding Footprint in Tier 2 and Tier 3 Cities

The new branch in Tiruvannamalai represents EbixCash World Money's commitment to extending its services beyond major metropolitan areas. This strategic move aligns with the company's vision to tap into the growth potential of smaller cities and towns across India.

Comprehensive Forex Services

The Tiruvannamalai branch will offer a wide range of services catering to various customer segments:

• Currency exchange
• Outward remittances
• Prepaid forex cards
• International travel currency solutions

These services are designed to meet the needs of international travelers, students pursuing education abroad, corporates, and SMEs.

Impressive Network Growth

With this latest addition, EbixCash World Money has significantly expanded its presence across India:

• 100 branches spanning 77 cities
• Presence in 24 international airports
• Over 250 franchise and duty-free locations
• Partnerships with 27 major banks
• Operations in more than 16 international airports and 12 major seaports

Leadership Perspective

T.C. Guruprasad, CEO and Managing Director – Payment Solutions at EbixCash, emphasized the significance of this milestone:

"Crossing the 100-branch milestone is more than a number — it's a testament to the trust of millions and the resilience of our teams. Tiruvannamalai, with its spiritual gravitas and growing commercial pulse, is the perfect place to mark this achievement."

Community Recognition

The inauguration ceremony was graced by Mr. V. Satish Kumar (IPS), Assistant Superintendent of Police, Tiruvannamalai Town. He commended EbixCash World Money's commitment to combining a robust physical network with cutting-edge technology, bringing convenience and financial empowerment to emerging markets like Tiruvannamalai.

About Eraaya Lifescapes Limited

Eraaya Lifescapes is a cutting-edge lifestyle and hospitality company that blends luxury, innovation, and technology to create immersive experiences worldwide. The company has recently expanded its portfolio through the strategic acquisition of Ebix Inc. USA and its global subsidiaries, positioning itself as a leader in software and e-commerce solutions across various industries.

As Eraaya Lifescapes continues to innovate and expand its services, the opening of EbixCash World Money's 100th branch in Tiruvannamalai stands as a testament to the company's commitment to growth and its vision of blending traditional services with digital innovation in the foreign exchange and cross-border remittance landscape.

Eraaya Lifespaces Limited , formerly known as Justride Enterprises Limited, has reported a consolidated net loss of Rs 3,120.21 crore for the financial year ended March 31, 2025, a significant downturn from the profit of Rs 33.89 lakh in the previous year. The company's financial results, approved by its Board of Directors on August 2, 2025, reveal a complex year marked by major acquisitions and legal challenges.

Revenue Surge and Operational Expansion

Despite the substantial loss, Eraaya Lifespaces saw its revenue from operations soar to Rs 14,805.21 crore in FY25, compared to just Rs 126.54 lakh in the previous year. This exponential growth is primarily attributed to the company's acquisition of Ebix Inc. and all its global subsidiaries during the year.

Segment Performance

The company's financial results now reflect a diversified business model with four main segments:

Acquisition and Financial Instruments

The acquisition of Ebix Inc. was partially financed through the issuance of Foreign Currency Convertible Bonds (FCCBs) worth USD 120 million. However, the company is facing challenges with this financial instrument:

• USD 40 million of the FCCB amount is yet to be received, leading to legal action initiated by Eraaya Lifespaces in the High Court of Justice, England and Wales.
• The National Company Law Tribunal (NCLT) has issued an interim order directing the company to maintain status quo on all transactions related to the FCCB offering.
• The company has acknowledged contingent liabilities of Rs 55.75 crore in respect of unrecognized interest on FCCBs.

Balance Sheet Highlights

The consolidated balance sheet as of March 31, 2025, shows:

Auditor's Observations

The independent auditor, KSMC & Associates, has issued an unmodified opinion on the consolidated financial results. However, they have highlighted several emphasis of matter points, including:

1. The ongoing legal proceedings related to the FCCB issuance.
2. The removal of Mr. Robin Raina from his positions as Director and Chief Executive Officer of Ebix Inc. following its acquisition.
3. Pending securitization of assets for a Secured Promissory Note.
4. A settlement agreement with Vayam Technologies Limited involving write-offs and contractual obligations.

Cash Flow and Earnings Per Share

The company reported:

• Net cash used in operating activities: Rs 2,198.85 crore
• Basic earnings per share: Rs -20.55 (compared to Rs 0.22 in the previous year)

Management Commentary

Arun Batra, Director of Eraaya Lifespaces Limited, signed off on the financial statements, indicating the board's approval of the results despite the challenging year.

The company's transformation through the Ebix acquisition has significantly altered its financial landscape, presenting both opportunities and challenges. As Eraaya Lifespaces navigates through legal issues and integrates its new subsidiaries, investors and stakeholders will be closely watching its performance in the coming quarters.