Justride Enterprises Ltd

EBIX Ltd has reported a deviation in the utilization of funds raised from a preferential issue of Compulsorily Convertible Warrants. The monitoring agency, CARE Ratings Limited, noted that ₹46.15 crore was transferred towards working capital requirements of the company and its subsidiaries, step-down subsidiaries, joint ventures, and associate entities. Specifically, ₹41.65 crore went to Ebix Travels Limited, ₹2.23 crore to Ebix Technologies Limited, and ₹2.27 crore to Vikas Lifecare Limited. The agency has not received sufficient documentation to assess the working capital utilization in these entities. The deviation falls within the 10-25% range.

Ebix Limited, through its payments arm EbixCash, has achieved a significant milestone in its partnership with the Maharashtra State Road Transport Corporation (MSRTC). Their National Common Mobility Card (NCMC) program has surpassed 1 crore card registrations and nearly 66 lakhs activated cards as of August 12, 2026. This contactless payment solution, built on the Indian government's NCMC framework, allows MSRTC commuters to make cashless payments for travel, promoting interoperability across public transport systems. EbixCash provides the technology and payment infrastructure for card issuance, activation, top-ups, and transaction processing, reinforcing its position in India's digital payments and smart mobility ecosystem.

Ebix Limited, through its payments arm EbixCash, and the Maharashtra State Road Transport Corporation (MSRTC) have achieved a significant milestone in their National Common Mobility Card (NCMC) partnership. As of August 12, 2026, the program has surpassed 1 crore card registrations and nearly 66 lakhs activated cards. This NCMC card facilitates contactless payments for MSRTC commuters, offering a digital alternative to cash. EbixCash provides the underlying technology and payment infrastructure, including card issuance, activation, top-ups, and transaction processing. This achievement underscores EbixCash's expanding footprint in public transit payments and its commitment to India's digital payments and smart mobility vision.

EBIX Ltd has reported a cybersecurity incident affecting its official website, leading to unauthorized content display and temporary compromise of web server access. As a precautionary measure, the website has been taken offline to ensure user safety and system integrity. The company is conducting a technical and cybersecurity assessment and implementing measures to enhance security and prevent recurrence. The website will be restored after corrective actions and security verification are completed. EBIX Ltd will provide further disclosures as required.

Ebix Limited, through its payments arm EbixCash, has integrated its Prepaid Payment Instrument (PPI) Wallet with BHIM UPI. This integration allows over 1.4 million active EbixCash wallet users to link their wallets and make UPI payments across millions of merchants nationwide. The move is expected to enhance wallet utility, accelerate customer activation, increase transaction frequency, and support EbixCash's long-term payments growth strategy. The wallet currently processes approximately ₹2 crore in monthly transaction value, with around 100 new users onboarding daily. EbixCash plans to extend this interoperability to other UPI platforms like Google Pay and PhonePe.

Ebix Limited announced that its digital payments platform, EbixCash, has integrated with BHIM UPI. This integration allows EbixCash's over 14 lakh active wallet users to link their wallets and make UPI payments across millions of merchants nationwide. The move is expected to enhance wallet utility, accelerate customer activation, increase transaction frequency, and support the company's long-term payments growth strategy. The EbixCash Wallet currently processes approximately ₹2 crore in monthly transaction value and is onboarding nearly 100 new users daily. EbixCash plans to extend this interoperability to other UPI platforms like Google Pay and PhonePe.

Ebix Limited announced that its subsidiary, EbixCash World Money Limited, has received approval from the Reserve Bank of India (RBI) to undertake trade remittances. This makes EbixCash the first non-bank institution in India to receive such approval, expanding its Authorised Dealer Category-II (AD-II) license. The approval allows EbixCash to participate in a segment traditionally dominated by banks, leveraging India's growing international trade and cross-border financial flows. This move strengthens Ebix's integrated financial services platform and its strategy of building a diversified, technology-led ecosystem.

EBIX Ltd has reported its investor complaint status for the quarter ended June 30, 2026. The company began the quarter with zero pending complaints and received two new complaints during the period. Both of these received complaints were successfully disposed of, resulting in zero unresolved complaints remaining at the end of the quarter. This indicates effective handling of investor grievances.

EBIX Ltd announced that its Promoter/Director, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002. This development is in continuation of previous disclosures regarding proceedings initiated by the ED concerning transactions involving foreign entities/FPIs that invested in EBIX and other listed companies. The company is consulting legal advisors and will take appropriate steps. EBIX states that this event has no material impact on its ongoing business operations. Further disclosures will be made as required.

EBIX Ltd has provided a clarification to the BSE regarding a delay in submitting a disclosure on May 23, 2026. The company stated that the order/email was received on May 21, 2026, but came to the attention of the concerned team the following day. The delay was attributed to the necessary review process, including assessing materiality, regulatory implications, verifying facts, and ensuring the disclosure was complete and accurate before submission.