Prithvi Exchange (India) Ltd

Prithvi Exchange (India) Limited: Trading Window closed from October 01, 2026 for quarter & half-year ending September 30, 2026; to reopen 48 hours after the announcement of the unaudited financial results

AGM Details

• AGM held on 27 August 2026 via VC/OAVM.
• 31st AGM; e-voting results and Consolidated Scrutinizer's Report enclosed.
• Annexures A and B referenced for results and report.

Launch highlights

• Prithvi Exchange launched a customer mobile app and Partner Hub Portal.
• Mobile app provides biometric authentication, real-time balances, and live expense tracking.
• Partner Hub enables instant onboarding, automated KYC, real-time commissions, and multi-product booking.
• The app is available on iOS App Store and Google Play.

AGM Details

• AGM held on 27 August 2026 via VC/OAVM from 11:30 to 12:30 IST.
• Notice for AGM dated May 23, 2026.
• Auditors’ reports on standalone and consolidated financials had no qualifications.
• MD announced mobile app and Partner Hub portal initiatives.

Resolutions

• Adoption of standalone financial statements for year ended March 31, 2026 (Ordinary).
• Adoption of consolidated financial statements for year ended March 31, 2026 (Ordinary).
• Declaration of final dividend of 5% (₹0.50 per share) (Ordinary).
• Re-appointment of Mahavir Chand as Non-Executive Director and Chairman, retiring by rotation (Ordinary).
• Remuneration revision for Managing Director (Special).
• Remuneration revision for Whole-Time Director & CFO (Special).

Dividend

• Final dividend of 5% (₹0.50 per share) declared.

Director Changes

• Non-Executive Director and Chairman Mahavir Chand to be re-appointed.

Voting Results

• E-voting results to be submitted to stock exchange and posted on the company site.
• Results of voting not disclosed in this filing.

Other Governance Details

• Scrutinizer appointed to conduct remote e-voting and AGM voting.
• Meeting conducted via VC/OAVM.

AD-II license scope

• Perpetual AD-II license from RBI dated August 13, 2026.
• Authorizes processing trade remittances for eligible transactions.
• Also enables outward remittances for family maintenance and other permissible purposes.
• Perpetual license strengthens regulatory standing and expands FX services.

Business overview

• Forex services provider; RBI Authorized Dealer Category II; HQ Chennai; 36 branches.
• Core customers: corporate travelers, shipping, celebrities, government entities, students.
• Offers currency, travel cards, remittances, drafts, travel insurance; online channels growing.

Operational highlights

• Q1 FY27 revenue ₹1,10,822.54 Lakhs, up 25.11% YoY.
• Net profit before tax ₹94.90 Lakhs; net profit ₹70.90 Lakhs; YoY declines.
• Beta launch of Prithvi-branded multi-currency Forex Cards; TravFX D2C platform.
• CTM expansion; two new branches added; digital channels gaining traction.

Strategic priorities & outlook

• Roll out branded multi-currency Forex Cards.
• Digital enablement for banks with self-service forex booking.
• Expand bank empanelment network; broaden fintech partnerships.
• Travel-tech integrations to accelerate digital distribution; fintech transformation.

Risks & mitigation

• Geopolitical tensions dampen outbound travel; demand remains uncertain.
• Oil-price driven higher airfares; travel patterns may shift.
• Company focusing on diversification and digital channel expansion to sustain growth.

Financial Highlights

• Total revenue for Q1 FY27: ₹1,10,471.85 lakh, up 28.9% YoY.
• Net profit before exceptional items & tax: ₹94.90 lakh.
• Net profit: ₹70.90 lakh; returned to profitability vs Q4 FY26.
• Sequential revenue growth over Q4 FY26: 17.4%.

Market environment and outlook

• First quarter faced volatility from geopolitical tensions in the Middle East.
• ICRA notes an 18% YoY drop in international passenger traffic.
• Travel remittances under RBI LRS moderated in April–May 2026 versus 2025.
• Management remains focused on operational discipline and value creation.

Financials

• Standalone revenue from operations: 110,822.54 lakh; YoY +29.6%.
• Consolidated revenue from operations: 110,829.55 lakh; YoY +29.5%.
• Standalone total income: 110,857.52 lakh; YoY +29.6%.
• Standalone PAT: 70.90 lakh; YoY down from 113.46 (Jun-2025) ~37%.
• Consolidated PAT: 73.48 lakh; YoY down from 112.48 (Jun-2025) ~34.7%.
• Standalone EPS (basic): 0.86; Consolidated EPS (diluted): 0.89.
• Auditors express unqualified opinion on standalone and consolidated results.
• Results are unaudited for the quarter (standalone) and consolidated; single reportable segment: Foreign currencies.