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Source: scanx.trade
Prithvi Exchange (India) Limited , a Chennai-based foreign exchange and remittance services company, has issued a formal public notice to its equity shareholders regarding the impending transfer of unclaimed fractional bonus share amounts to the Investor Education and Protection Fund Authority (IEPFA). The notice, dated May 4, 2026, was published in compliance with Section 124 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended.
Background and Regulatory Context
Pursuant to the applicable provisions of the Companies Act, 2013, and the IEPF Authority Rules, 2016, fractional amounts arising from the bonus issue declared and issued for the financial year 2018-19, which have remained unclaimed for a period of seven consecutive years, are now due for transfer to the IEPFA. In addition to the fractional amounts, the corresponding equity shares will also be transferred to IEPFA as per the procedure set out in the rules.
The key details of the notice are summarised below:
Parameter: Details Company Name: Prithvi Exchange (India) Limited CIN: L30006TN1995PLC031931 Bonus Issue Period: FY 2018-19 Transfer Deadline: August 5, 2026 Transferee Authority: Investor Education and Protection Fund Authority (IEPFA) Claim Form (if transferred): IEPF-5 (online application) RTA Contact: Integrated Registry Management Services Private Limited, Chennai
Action Required by Shareholders
Shareholders whose fractional bonus share amounts remain unclaimed are requested to take the following steps before the deadline of August 5, 2026:
Verify details of shares liable to be transferred on the company's website: www.prithvifx.com
Claim the fractional amount in lieu of the bonus issue before August 5, 2026
Contact the Company's Registrar and Share Transfer Agent (RTA) — Integrated Registry Management Services Private Limited — for queries, at II Floor, "Kencas Towers", No.1 Ramakrishna Street, North Usman Road, T Nagar, Chennai - 600 017; Phone: 044 - 28140801 - 803; Fax: 044 - 28142479; Email: einward@integratedindia.in
Transfer Procedure for Physical and Demat Shareholders
The company has outlined the transfer procedure separately for shareholders holding shares in physical and demat form:
Physical form: New share certificate(s) in lieu of the original share certificate(s) will be issued and transferred in favour of IEPFA on completion of necessary formalities. The original share certificate(s) registered in the name of the shareholder(s) will be deemed cancelled and non-negotiable.
Demat form: The company shall inform the Depositories to execute the corporate action and debit the shares lying in the demat account of the shareholder(s), transferring such shares in favour of IEPFA.
Reclaiming Transferred Amounts
Shareholders should note that no claim shall lie against Prithvi Exchange (India) Limited in respect of unclaimed dividend and shares transferred to the IEPF/IEPFA account. However, both the unclaimed dividend and shares transferred to IEPF/IEPFA can be reclaimed by shareholders from IEPFA by making an application in the prescribed Form IEPF-5 online and sending the physical copy, duly signed as per the specimen signature recorded with the Company or RTA, along with requisite documents, to the Company's registered office at Gee Gee Universal, 2nd Floor, Door No. 2, McNichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.
The notice has been signed by Pavan Kumar Kavadi, Managing Director (DIN: 07095542), on behalf of the Board of Prithvi Exchange (India) Limited, and was issued from Chennai on May 4, 2026.
Prithvi exchange (India) Limited has announced the opening of a new branch in Trivandrum, Kerala, marking another step in the company's expansion strategy. The announcement was made through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Branch Location and Services
The new branch is strategically located in Trivandrum to serve customers in the Kerala region. The facility will offer comprehensive forex services in a modern, technology-enabled environment.
Parameter: Details Branch Address: A5/2, Old TC 29/219, Ramakripa, Elankom Gardens Area: Vellayambalam, Sasthamangalam (PO) City: Trivandrum – 695010, Kerala Services: Foreign currencies, Forex cards, Remittances abroad
Company's Expansion Strategy
The company emphasized its commitment to providing superior customer service through this expansion. Prithvi Exchange aims to offer forex services in a contemporary and technologically updated atmosphere, ensuring clients receive the best possible service experience.
The management indicated that this branch opening is part of a larger growth plan. The company hopes to increase its footprint across the nation by building more branches in the near future, demonstrating its commitment to expanding accessibility of forex services.
Regulatory Compliance
The announcement was made in compliance with regulatory requirements, with Managing Director Pavan Kumar Kavad (DIN: 07095542) signing the disclosure document. The filing was submitted to BSE Limited under the company's scrip code 531688, ensuring transparency with stakeholders and regulatory authorities.
This expansion reflects Prithvi Exchange's ongoing efforts to strengthen its presence in key markets across India while maintaining its focus on delivering quality forex services to customers nationwide.
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Source: scanx.trade