Eraaya Lifespaces Ltd Share Price – BSE

Finance, Small Cap

Eraaya Lifespaces has allotted 2,09,630 equity shares pursuance to stock split (1 equity share of Rs 10 each into 10 equity shares of Re 1 each) and on conversion of Secured Foreign Currency Convertible Bonds Due 2031 (FCCBs).

With this allotment, the paid up equity share capital has increased to Rs 18,92,94,160 divided into 18,92,94,160 fully paid-up equity shares of Re. 1/- each.

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EbixCash (subsidiary of Eraaya Lifespaces) has successfully begun the rollout of a comprehensive ticketing solution for the Karnataka State Road Transport Corporation (KSRTC).

The transport division of EbixCash has been chosen by KSRTC as the Technology Solution Provider for the supply, commissioning, and maintenance of Smart Electronic Ticketing Machines (ETMs) as part of a comprehensive ticketing solution.

This five-year contract, valued at approximately Rs 33.5 crore, covers all state-run buses. It involves implementing EbixCash's Automatic Fare Collection System (AFCS) on Android-based ticketing devices with digital payment options tailored to KSRTC's business rules. Over 10,000 devices will be deployed across 84 depots, serving a fleet of 8,000 buses, with plans to expand to up to 15,000 devices over the next five years.

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Eraaya Lifespaces announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 19 November 2024 .

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Net profit of Eraaya Lifespaces declined 50.00% to Rs 0.03 crore in the quarter ended September 2024 as against Rs 0.06 crore during the previous quarter ended September 2023. Sales declined 99.47% to Rs 1.24 crore in the quarter ended September 2024 as against Rs 236.15 crore during the previous quarter ended September 2023.

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