Prithvi Exchange (India) Ltd — Updates, 08-08-2025: Company Update

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

08th August, 2025

To,

BSE Limited

Corporate Relationship Department

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai - 400 001

Scrip code: 531688

Dear Sir/Madam,

Sub: Outcome of Board Meeting under Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III, Regulation 33 and other

applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015, it is hereby intimated that the Board of Directors at its meeting held on 08th August, 2025,

has approved, inter alia, the following business(es):

1. The unaudited Standalone and Consolidated Financial Results for the Quarter ended 30th June

2025 together with the limited review report thereon, as recommended by the members of the

Audit committee.

The unaudited standalone and consolidated financial results together with the limited review

report duly signed by the Managing Director and the Statutory Auditors of the Company are

enclosed herewith.

2. The Board on the recommendation of the Nomination & Remuneration Committee at its

meeting held today 08th August, 2025, approved the reappointment of Mr. Pavan Kumar

Kavad (DIN: 07095542), as Managing Director of the Company for the period from 29th

September, 2025 to 28th September, 2030, subject to approval of shareholders at the

forthcoming Annual General Meeting by way of special resolution.

3. In terms of the recommendation of the Nomination & Remuneration Committee, the Board of

Directors have appointed Ms. Rashmi Surana as an Additional Director in the Independent

category (DIN: 00023014) for a period of 5 (five) years effective from August 08, 2025 till

August 07, 2030 subject to the approval of the members of the Company at the General

Meeting and other applicable approvals, if required. We confirm that Ms. Rashmi Surana

meets the criteria of independence as provided in section 149(6) of the Companies Act, 2013

----------------Page (0) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

read with SEBI (LODR) Regulations, 2015 as amended. We confirm that Ms. Rashmi Surana

is not related to any Directors of the Company and is not debarred from holding the office of

Director pursuant to order of any Regulatory Authority.

4. The Board of Directors have accepted the resignation of Ms. Nithyasree P G, Company

Secretary and Compliance Officer of the Company. Further, she has confirmed that there are

no other material reasons for the resignation other than those provided in her resignation letter.

Disclosure required pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 and the

SEBI Circular no. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023, with

regard to change in Directors and Key Management Personnel is enclosed as Annexure A.

5. The Board have considered and approved Prithvi Exchange Employee Stock Option

Scheme – 2025 (“Scheme”), brief details of which are as under:

5.1 The Option Pool of the Scheme shall be 4,34,200 (Four Lakhs Thirty Four Thousand Two

Hundred) Employee Stock Options (“Options”) (or such other adjusted figure for any

bonus, stock splits or consolidations or other reorganization of the capital structure of the

Company as may be applicable from time to time and as defined in the scheme)

exercisable into be 4,34,200 (Four Lakhs Thirty Four Thousand Two Hundred) Equity

Shares of face value Rs. 10/- each.

The disclosure pursuant to SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024,

is enclosed herewith as Annexure B.

5.2 The Scheme shall be administered by the Nomination and Remuneration Committee of

the Company and shall be implemented through direct route, for extending the benefits

to the Eligible Employees by the way of fresh allotment from the Company.

6. The Board has considered and fixed the date of the 30th Annual General Meeting of the

Company and approved matters related thereto as under:

(i) The 30th Annual General Meeting of the Shareholders of the Company will be held on

Tuesday, 09th September, 2025 at 11:30 A.M through Video Conferencing / Other Audio

Visual Facility, in accordance with the applicable circulars issued by the Ministry of

Corporate Affairs and the Securities and Exchange Board of India.

----------------Page (1) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

(ii) Fixation of September 02, 2025 as the record date for the purpose of determining the

members eligible to receive dividend for the financial year 2024-25 and the cut-off date for

the purpose of determining the members eligible to vote on the resolutions set out in the

Notice of the AGM and to attend the AGM.

The said dividend, if declared at the 30th AGM will be paid on or before Wednesday, 08th

October 2025 to those members whose names are recorded in the Register of Members or

in the Register of Beneficial Owners maintained by the Depositories at the end of business

hours on Tuesday, 02nd September 2025.

The Board meeting Commenced at 11.30 AM and Concluded at 12.50 P.M

Request you to kindly take the same on record as required under the provisions of the above

captioned Regulation.

Thanking you.

Yours faithfully,

For Prithvi Exchange (India) Limited

Nithyasree P G

Company Secretary & Compliance Officer

(Membership No: A70114)

----------------Page (2) Break----------------

----------------Page (3) Break----------------

PRITHVI EXCHANGE (INDIA} LIMITED

{CIN : L3OOOO6TI{ 1995PLCO3 193 1)

Gee Gee Unlversal, 2nd Floor, Door No 2, Mc Nlcholas Road, Chetpet, Chennai-6o0o31

UNAUDITED STANDALOI{E FINANCIAL RESULT FOR THE QUARTER ENDED 3OTH JUNE 2025

I[otes:

1. The above ls aa ortmct of detailed fomat of Quarterly Umudited staadalone lioucial results filed sith stct exchaage mderRegulation 33 of the SEBI (Listt-g Obligatloa md Dlsclcure Reqrirementsl Regulatlo!,

2O15, The full fomat of tbe quarterlyUuaudited linancial results are awllable oa the Stock Exchange sebsite at m.bseiadia,mm ud on the compaay's yebsite at

w,prithvlEr.com.

2. ?he above results were reviewcd by the statutory auditos, audit committee and taten on record at tLe Boffid mectirg of thecompany held or

OSth August 2925.

3. ?he stahrtory Auditos have *pressed ao Uaqualilled Opiaion on the staldalone finaacial reult for the quarter erdcd o8

30.0,6.20.25.

4. The compmy opeat6 la ote busiaes *gmmts viz., Forelgn Exchaage ud therefoe, thre ls oaly one fepoltable sgmmt.

5. Provlsloa for Deferred Tu sball be mdc at th.e year erd.

6. Prsrtms quartey's / Yw's figues haE beer rcgrotrpcd / reclestfeil I remged whelguer aecessrrlr to corr€spord ptth th6ffielt quarter's ctasilietim / dlsclmre.

Place: ChennaiFor and on betalf of the Board of Directos

PaEtr

Rs. In

PAR?ICULARS3 MOITTIISEITDED3().06.202s3 MOITTHSIElTDED31.(}3.20253 MOITTIISENDEDso.0,6.2024YEAR EITDED31.()3.2()25

UrauditedAuditedUnauditedAuditedl. Ircome

{al Rewenue from operatlons{ll Sale of forcirF enencies45.249.7471,476.231,09,541.613,51,4A?.67

(iif Other Opemting Income337.8125a.51266.74944.69Total

revenue from opemtion (a(i)+a(iiff45,627.5972,t34.741,09,808.393,s2,472.36

{t} Other income33.35so.4925.66134.59Total Income85,66(}.9472,t45.231.09,a34.(}53,s2.6()6.95

2. Erlreasesal Purchase of foreign cmencies44,926.2070,637.60

1.04.790.s93,44,267.79b| Cost of servlces

3218,63323.60317.151,3213.15cf Chuge i! inventory(33s.o11636.63(31O.841

@4.721d) Employees beaelit apelses359.60366.32253.191,146.()9

ef Finuce cost6.4710.584.4424.61fl Depreciationt2.54

1 1.56l l.oo46-2(Jgl Anortistior of l-eae7.?t7.707.7L3(}.42

hf Baddebtsi) Other exper$sr42.94

t62.4L166.9566t.67Total expenses

l2a to 2dl45,509.21872,156.401,()9,2l+{).593,51,511.613. Profrt/Los before Exceptional IteEs ard ta (1-21

151.21624.83593..161,09s.344. Exceptlonal iteEs

5. Prolit before ts (3-4,151.4628.83s93.461,(,95.346. Tu

expense38.OO19-341s8.OO244347. Protit lLoss for

Quarter /Year (5-6f113..169.49435.6al1.oo8. Other comprehemlve iacome (![et of tuesl103.33(5.31t24.4647.83

Total comprehenslve income2L6.794.14463.92858.83

9. Paid-up equity shee capital (Face Value Rs,lol- per sharel424.97424.97424.97424.97

1O. Other equity4,163.67Emirgs Per Share (Before Extmordinary ltemsl (I{ot AnEualisedl

al Bsico.t25.289.43

b) Dtluted1.38o.t25.289.43

Date: OSth August 2025

DIN :

1.34

----------------Page (4) Break----------------

----------------Page (5) Break----------------

----------------Page (6) Break----------------

PRITHVI EXCHANGE {INDIA} LIMITED

{CIN : L3OOOO6T1{ 1995PLCO31931}Gee

Gee Univetsal, 2nd Floot, Door No 2, Mc Nicholas Road, Chetpet, Chennai-6o0o31

UNAUDITED CONSOLIDATED FINANCIAL RESULT FOR THE QUARTER ENDED SOTH JUNE 2025

Nots:

1. The above is a! extmct of detailed forat of quarterly Uaaudited coasolidated fiaanclal reults filed with stock *chaageurder Regulatloa 33 of the SEBI (Ltsting Obligatlor ald Dlsclosure Requiremeats) Regulatioa, 2015. The tull fomat of the

quarterly Uraudited Iirancial reults are anilable oa the Stoct E:<change website at w,bseirdia.com and on tbe company'sEebsite at 9TT.prlttvi6E.com.

2. The aboe result3 were revlweal by tbe ststutory auditoE, audlt coBmlttee aad taken on reeord at the Board meetlag of thccmpmy held oa O8th.August

2O25.

3. The statutory Auditos have sprcsed an Unqualtlied Oplnioa oa the coreolidated Iinancial r6rlt for the quarter eadedoa 3O.06.2025.

4. Tle company oainly tndes in foreigl qrencies. ?he reported reveaue and reported assets of the ssociate compaay andthe subsidlary conpany

are Bithia the threhold Itmit of 1@o of the combired reverue or combined resets of tLe group.Herce, segmeat reportirg s per PaE 13 ofhd AS

1Oa with respect to the opemtion ofthe assoclate company atrd therubsidiary compatry & not applicable,

5. Provision for Defened Tu sLall be eade at the yea, ead.

5. Previow quarter's / Yea's ligure have beel regrouped / reclaslfed / reamnged rrhemr necssary to corcpord witL thecureat quarter's classillcatloil / disclGEre.

Place: CbeauaiDate: O8th August 2025For a[d on bebalf of the Board

Pavan NumarMaaagirg

Rs. In

3 MOI{THSENDED

30.06.2025

3 MONTHS

EITDED31,()3,2025

3 MONTHSENDED

30.06,2024

YEAR ENDED31.o3.202sPARTICULARS

UnauditedAuditedUnaudltedAudited

1. Iqcome(al Reverue froE opentioas

(il Sale of foretgn cufieacies45,249.747\476.231,09,541.513,5L,447.67(iil

Other ODeEtirE Income338.74259.19266.749A5.37Total reverue from opeatior (a(il+a(iill45,624.5272,L35.421,09,404.393,52,473.O4

(bl Other income34.2451.5225.66137.()9Total Iacome85,662.7572,146.941,09,834.O53,52,61O.13

2. ErEpeas€s

el Purchase of foreig! onelcies44,926.2O70,637.601,04,79O.593,44,267.79bl Cost of serices348.63323.5()317.151,343.1s

cl Chaage h ilventory{335.O1}535.63(310.841@4.721

d) Emplovees belerit expeses361,43354.97253,791,148,746.4710.584.4424.6L

Il DepreciatioaL2.6411.64LL.O246,36gl AEortisatlor of LerF

7.70?.7L30.42h)

Bad debtsi) Othe! experses143.41170.66166.95670.75

Total soerses l2a to 2dla5.512.2a72,L67.381.o9.24o-6L3.51.523.5()3. Prolit/Loss before Exceptiolal IterDr and tu

{1-2115().4819.56593.44I,()86.63

tu150.4819.56593.44I,046.63

6. Ta experse38.OO19.2215a.OO244367. Prolit /Lqs for

Quarter /Year {5-6)tL2.4ao.34435.444o2.278. Prolit/Loss attributable to

r(i) Ownep of the coapaav1L2.37o.2a435.45802.10

(iil Non-coltrollin{ irtereato.11o.06(o.o1)o.17

9. Other compreheosive income {Net of tuel1()3.33{s.31124,4647.43lO,Total comprehensive incoEe215.81

14.971463.90850.1011. Total coapreLensive ilco[e attributable to:

{i} OBres of the coepaty2L5.70t5.o3)463.9L849.93(li) lYoa-controlling iateresto.11o.06(o.ouo-L7

12, Paid-up equity share capital {Face Value Rs. lO/- per share)424.97a24.97424,97a24.9713. Other equity4,154.44

14. Eamirgs ?er f}h.are (Before Hnordimry Itensl Etot Alqualisedla) Basic1.36o.oo5.249.72

bl Diluted1.36o.oos.2a9.72

DIN:

€Fi[aace cost

----------------Page (7) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

Annexure A

Disclosure under Regulation 30 of the SEBI (LODR) Regulations 2015 and the SEBI

Circular no. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023

2. Reappointment of Mr. Pavan Kumar Kavad as Managing Director

Disclosure Requirement Details

Name Mr. Pavan Kumar Kavad

Reason for change viz. appointment,

re-appointment, resignation,

removal, death or otherwise

Reappointment for a term of five consecutive years

commencing from 29th September, 2025 to 28th September,

2030

Date of Cessation NA

Brief Profile

Mr. Pavan Kumar Kavad is the Managing Director with

hands-on experience in the Foreign Exchange & Financial

Services industry. He has been with the company for more

than Thirteen years, managing the company’s operations.

His expertise in the forex business and financial services &

products have successfully delivered in building the key

drivers of Prithvi Exchange. Highly driven retail & financial

services professional, with extensive experience in Business

Development, growth strategy, Treasury management and

process management & Digitalization.

He is a B. Com graduate in Corporate Secretaryship and a

certificate holder in Business excellence programme from

Indian Institute of Management, Ahmedabad (IIM A). He is

currently pursuing General Management Programme from the

Indian School of Business (ISB), Hyderabad.

Disclosure of relationship between

directors

Mr. Kalpesh Kumar Kavad, Whole-time Director is the

brother & Mrs. Usha Kavad, promoter of the Company is the

mother of the Mr. Pavan Kumar Kavad

Information as required pursuant to

BSE Circular with ref. no.

LIST/COMP/14/201819 dated 20

June 2018

Mr. Pavan Kumar Kavad (DIN: 07095542), is not debarred

from holding the office of director by virtue of any SEBI order

or any other such authority

----------------Page (8) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

3. Appointment of Ms. Rashmi Surana as Independent Director

4. Resignation of Ms. Nithyasree P G, Company Secretary and Compliance Officer

Disclosure Requirement Details

Name Ms. Rashmi Surana

Reason for change viz. appointment,

re-appointment, resignation,

removal, death or otherwise

Appointment as an Additional Director in the Independent

category for a term of five consecutive years commencing

from 08th August, 2025 to 07th August, 2030

Date of Cessation NA

Brief Profile

Ms. Rashmi Surana, partner of M/s. Surana & Surana

International Attorneys is a LLB graduate from the Bangalore

University and an accredited mediator from the Straus

Institute for Dispute Resolution from Pepperdine University,

USA and Maadhyam International Council for conflict

resolution, New Delhi. She has expertise in mediation and

resolution of complex multi-party disputes and further she is

an advisor for family businesses.

Ms. Rashmi heads the Corporate Social Responsibility cum

community development work carried out by Surana &

Surana Public Charitable Trust. Further she has hosted several

meetings for Heads of States, diplomats, political and industry

leaders both from India and abroad.

Disclosure of relationship between

directors

She is not related to any other Director, Manager and other

Key Managerial Personnel of the Company

Information as required pursuant to

BSE Circular with ref. no.

LIST/COMP/14/201819 dated 20

June 2018

Ms. Rashmi Surana (DIN: 00023014), is not debarred from

holding the office of director by virtue of any SEBI order or

any other such authority

Disclosure Requirement Details

Name Ms. Nithyasree P G

Reason for change viz. appointment,

re-appointment, resignation,

removal, death or otherwise

Resignation of Ms. Nithyasree P G, Company Secretary and

Compliance Officer of the Company due to her personal

reasons

Date of Cessation w.e.f. from close of business hours on September 13, 2025

Brief Profile NA

Disclosure of relationship between

directors NA

Letter of Resignation along with

detailed reason for resignation Enclosed herewith

----------------Page (9) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

Annexure B

Details under Regulation 30 of the SEBI Listing Regulations read along with SEBI Circular No.

SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Sl. No. Particulars Details

1. Name of the Scheme Prithvi Exchange Employee Stock Option Scheme – 2025 (“Scheme”)

2.

Brief details of options granted

The ESOP pool of 4,34,200 (Four Lakhs Thirty-Four

Thousand Two Hundred) Options convertible into 4,34,200

(Four Lakhs Thirty-Four Thousand Two Hundred) Equity

Shares of face value of Rs. 10/- each.

The Scheme shall be implemented through direct route to

extend the benefits to the Eligible Employees by the way of

fresh allotment from the Company.

However, no grant has been made under the Scheme, as on

date.

3.

Whether the Scheme is in

terms of SEBI (SBEB & SE)

Regulations, 2021 (if

applicable)

Yes

4.

Total number of shares

covered by these options

4,34,200 (Four Lakhs Thirty Four Thousand Two Hundred)

Equity Shares of face value Rs. 10/- each (Each Option is

convertible into one Equity Share of the Company).

5.

Pricing Formula Under this Scheme, the Exercise Price will be decided by the

Committee at the time of Grant and shall be linked with the

Market Price as defined in the Scheme.

The Committee has the power to provide suitable discount on

such price as arrived above. However, in any case the

Exercise Price shall not go below the face value of the

Share of the Company.

6.

Options Vested Not Applicable, as this outcome is pertaining to date of

approval of Board of Directors.

7. Time within which option may be exercised All Options upon vesting shall be exercisable within maximum of 1 (One) year from the date of respective vesting.

----------------Page (10) Break----------------

Foreign Currencies I Forex Cards I Remittances Abroad

Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.

E-Mail:info@prithvifx.comIwww.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931

8. Options exercised

Not Applicable, as this outcome is pertaining to date of

approval of Board of Directors.

9.

Money realized by exercise of

Options

10.

The total number of Shares

arising as a result of exercise of

Option

11. Options lapsed

12. Variation in terms of Options

13.

Brief details of significant

terms

The Scheme is administered by the Nomination and

Remuneration Committee.

The Scheme shall be implemented through direct route to

extend the benefits to the Eligible Employees by the way of

fresh allotment from the Company.

The grant of Options is based upon the eligibility criteria as

mentioned in the Scheme.

The Vesting Period shall commence from a period of 1 (One)

year from the Grant Date and shall extend upto a maximum

period of 4 (Four) years from the Grant Date, at the discretion

of and in the manner prescribed by the Committee and set out

in the Grant Letter.

The granted Options once vested shall entitle the Option

holder to acquire equal number of Equity Shares, upon

payment of exercise price, applicable taxes and other charges,

if any, in accordance with terms and conditions of the

Scheme.

All Vested Options shall be respectively exercised in one or

more tranches within maximum period of 1 (One) year from

the date of respective vesting.

14.

Subsequent changes or

cancellation or exercise of such

Options

Not Applicable, as this outcome is pertaining to date of approval

of Board of Directors.

15.

Diluted earnings per share

pursuant to the issue of equity

shares on exercise of Options.

----------------Page (11) Break----------------

Resignation Letter

05th August 2025

To

The Board of Directors

Prithvi Exchange tlndia) Limited

Gee Gee Universal, 2nd Floor, Door No. 2 Mc Nichols Road,

Chetpet, Chennai, Tamil Nadu, lndia, 600031

Subject: Resignation from the post of Company Secretary and Compliance Officer

Dear Sir/Madam,

I hereby tender my resignation from the position of Company Secretary and Compliance Officer of

Prithvi Exchange (lndia) Limited due to personal reasons.

I request you to relieve me of my duties effective closing of business hours on September L3,2025

Further; I request the Company to arrange for the necessary filings with the Registrar of Companies,

Stock exchanges and other regulatory authorities as required under applicable laws.

I would like to express my sincere gratitude to the Board and the management for the support and

opportunities provided during my tenure. lt has been a privilege to serve the Company, and I remain

grateful for the experience and learning.

Thank you

Sincerely,

PG

Company Secretary & Compliance Officer

Membership No: A70114

----------------Page (12) Break----------------