Prithvi Exchange (India) Ltd

Prithvi Exchange (India) Limited has received a Letter of Acceptance and Award of Work from India Tourism Development Corporation Limited (ITDC), a Miniratna - I CPSE. The contract involves the collection, pick-up, and purchase of Foreign Currency Notes (FCNs) from specified ITDC Units/Duty Free Shops, and the remittance of the corresponding Indian Rupee amount to ITDC. The company's offer was technically qualified and ranked L1 in the financial evaluation for the tender. This two-year contract, effective from October 1, 2026, to September 30, 2028, includes a provision for a one-year extension based on satisfactory performance. This award strengthens Prithvi Exchange's presence in the institutional and travel-related foreign exchange services segment, expanding its reach across major ports and ITDC Duty Free Shops in India.

Prithvi Exchange (India) Ltd has announced the closure of its trading window for designated persons and insiders. This closure is in compliance with SEBI PIT Regulations and the company's Insider Trading Code. The window will be shut from October 01, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter and half-year ending September 30, 2026. The specific date for the board meeting to consider these results will be communicated separately.

Prithvi Exchange (India) Limited has launched two new digital initiatives: a Mobile Application for customers and a Partner Hub Portal for its partners. The mobile app, Prithvi FX, offers international travellers features like biometric authentication, card management, real-time currency balances, and expense tracking, aiming to provide a seamless and secure foreign exchange experience. The Partner Hub is a B2B2C platform designed to empower channel partners, travel agents, and affiliates with digital tools for foreign exchange operations, including instant onboarding, multi-product booking, and real-time commission tracking. These launches signify the company's expansion into digital footprints and enhancing customer and partner engagement.

Prithvi Exchange (India) Ltd has received a perpetual license under Authorised Dealer Category-II (AD-II) from the Reserve Bank of India (RBI), dated August 13, 2026. This license allows the company to conduct enhanced foreign exchange activities, including processing trade remittances for eligible transactions and facilitating outward remittances for family maintenance and other permissible purposes. The perpetual nature of the license is expected to strengthen the company's regulatory standing and expand its operational capabilities and service offerings in the foreign exchange market.

Prithvi Exchange (India) Limited announced its financial results for the first quarter ended June 30, 2026. Total revenue surged by 28.9% year-on-year to ₹1,10,471.85 lakh, compared to ₹85,660.94 lakh in the same quarter last year. The company also achieved a net profit of ₹70.90 lakh, marking a return to profitability from a net loss of ₹36.62 lakh in the previous quarter (Q4 FY26). Despite facing headwinds in the travel and foreign exchange industry due to geopolitical developments and higher aviation fuel prices, the company demonstrated resilience and positive growth, outperforming the broader market trend. The management expressed commitment to operational discipline and enhancing customer service.

Prithvi Exchange (India) Limited announced that its Board of Directors, in a meeting held on August 8, 2026, approved the unaudited financial results for the first quarter ended June 30, 2026. The results were considered on both standalone and consolidated bases, along with the Limited Review Reports from statutory auditors M/s Chandarana & Sanklecha. The company also confirmed that arrangements have been made for the publication of extracts of the audited financial results in newspapers as per SEBI Listing Regulations. The financial results will be available on the company's website.

Prithvi Exchange (India) Limited announced the approval of its Unaudited Financial Results for the first quarter ended June 30, 2026. The results were considered and approved by the Board of Directors at a meeting held on August 8, 2026. Both standalone and consolidated financial results, along with the Limited Review Reports from statutory auditors M/s Chandarana & Sanklecha, were approved. The company will also publish extracts of the audited financial results in newspapers as per SEBI Listing Regulations. The financial results will be available on the company's website.

Prithvi Exchange (India) Ltd has announced that its Board of Directors will convene on August 8, 2026, to consider and approve the Un-audited Financial Results for the first quarter ended June 30, 2026, on both standalone and consolidated bases. In line with SEBI regulations, the company has also informed that the trading window for designated persons and insiders, which was closed from July 1, 2026, will reopen 48 hours after the publication of these financial results. This announcement follows an earlier intimation dated June 27, 2026.

Prithvi Exchange (India) Ltd has announced its 31st Annual General Meeting (AGM) to be held on August 27, 2026, at 11:30 AM IST via video conferencing. The meeting agenda includes adopting the audited standalone and consolidated financial statements for FY 2025-26, approving an interim dividend and declaring a final dividend of 5% (₹0.50 per equity share). Key business also includes the re-appointment of Mr. Mahavir Chand and a special resolution for revising the remuneration of Managing Director, Mr. Pavan Kumar Kavad, effective September 1, 2026. The notice and annual report are being circulated electronically.

Prithvi Exchange (India) Ltd has announced its 31st Annual General Meeting (AGM) scheduled for August 27, 2026, at 11:30 AM IST, to be conducted via video conferencing. The company has attached its Annual Report for the financial year 2025-26. Key agenda items include the adoption of audited standalone and consolidated financial statements, approval of an interim dividend and declaration of a final dividend of 5% (₹0.50 per equity share). Additionally, the AGM will address the re-appointment of Mr. Mahavir Chand as Non-Executive Director and consider a special resolution for the revision in remuneration of Mr. Pavan Kumar Kavad, the Managing Director, effective September 1, 2026. The revised remuneration includes a fixed component of ₹96,00,000 per annum and a performance-linked variable pay of 12.5% of fixed remuneration, contingent on achieving a net profit of at least ₹7,50,00,000.