Eraaya Lifespaces Ltd — Important, 04-04-2026: Company Update

Eraaya Lifespaces' flagship subsidiary, Ebix Technologies Limited, has partnered with NSDL Payments Bank to launch India's first statewide National Common Mobility Card (NCMC) program for concessionaires with Maharashtra State Road Transport Corporation (MSRTC). This initiative digitizes over 50 concessional categories, replacing fragmented, paper-based processes for millions of passengers. The program is valued at hundreds of crores of rupees, targets MSRTC's 13 crore monthly passengers, and guarantees 70 lakh NCMC cards in Year 1, scaling to over 2 crore cards. This model has replication potential across India, representing a multi-thousand crore opportunity.