BSECompany Update1 Oct 2026 · 1 Oct 2026, 05:13 pm
Press Release regarding Letter of Acceptance and Award of Work received from India Tourism Development Corporation Limited dated September 30, 2026 is attached.
Prithvi Exchange (India) Ltd · 531688
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Prithvi Exchange (India) Ltd has received a Letter of Acceptance and Award of Work from India Tourism Development Corporation Limited for the collection/pick-up and purchase of Foreign Currency Notes (FCNs) from specified ITDC Units/Duty Free Shops.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Prithvi Exchange (India) Ltd - 531688 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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October 01, 2026
BSE Limited
Corporate Relationship Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
Scrip code: 531688
Dear Sir/Ma’am,
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”).
Subject: Press Release
With reference to the SEBI Listing Regulations, we wish to inform you that the Company has received a
Letter of Acceptance and Award of Work dated September 30, 2026 from India Tourism
Development Corporation Limited (“ITDC”) a Miniratna - I CPSE, for the collection/pick-up and
purchase of Foreign Currency Notes (FCNs) from specified ITDC Units/Duty Free Shops and
remittance of the corresponding amount in Indian Rupees to the designated bank account of ITDC.
In continuation of the aforesaid award, please find enclosed herewith a copy of the Press Release issued
by the Company in relation to the same, for your information and reference.
This is for your information and records.
Thanking you.
Yours faithfully,
For Prithvi Exchange (India) Limited
Harsh Shantilal
Company Secretary & Compliance Officer
ACS: 75415
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.com I www.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931
BSE: 533168| SECTOR: Financial services (Foreign exchange)
Press Release | Prithvi Exchange (India) Limited Receives Letter of Acceptance and Award of Work
from India Tourism Development Corporation Limited for Collection and Purchase of Foreign Currency
Notes
Chennai, October 01, 2026: Prithvi Exchange (India) Limited, a listed foreign exchange services company,
has received a Letter of Acceptance and Award of Work dated September 30, 2026 from India Tourism
Development Corporation Limited (“ITDC”), a Miniratna - I CPSE & a Government of India undertaking, for
the collection/pick-up and purchase of Foreign Currency Notes (FCNs) from specified ITDC Units/Duty Free
Shops and remittance of the corresponding Indian Rupee amount to ITDC.
Strengthening Presence in the Foreign Exchange Services Segment
The award follows the Company's participation in Tender floated by ITDC for services relating to the pickup
and collection of foreign currency. The Company's offer was found to be technically qualified and was
ranked L1 in the financial evaluation, for the two-year tenure. As part of the engagement, Prithvi Exchange
will provide foreign currency collection and purchase services at specified ITDC Duty Free Shops/Units
across various ports in India.
The award further expands Prithvi Exchange's engagement in the institutional and travel-related foreign
exchange ecosystem and provides an opportunity to service foreign currency requirements across a
network of major ports and ITDC Duty Free Shops.
Under the terms of the award, the contract will be effective from October 1, 2026 to September 30, 2028,
with a provision for extension by a further period of one year, subject to satisfactory performance, mutual
consent and the applicable terms and conditions.
Mr. Pavan Kumar Kavad, Managing Director said:
We are pleased to receive the Letter of Acceptance and Award of Work from India Tourism Development
Corporation Limited. This engagement reflects our continued focus on strengthening our institutional
relationships and expanding our foreign exchange service capabilities across key travel and tourism
locations in India. We look forward to delivering efficient, compliant and reliable foreign currency
collection and purchase services to ITDC.
About Prithvi Exchange (India) Limited
Prithvi Exchange (India) Ltd is a Reserve Bank of India (RBI) licensed, Authorized Dealer Category II. Over
the last 31 years, Prithvi Exchange has emerged as a vibrant and trusted brand and that is widely
recognized in the field of Foreign Exchange.
Prithvi Exchange’s geographic footprint is strategically placed in 25 key cities with 38 branches across
India. Plans are afloat to expand its network to other cities and foreign countries as well shortly. With an
experienced team of industry stalwarts and backed by cutting edge technological platform, we take pride
in extending superior experience to Leisure and Business Travelers, Students and others travelling
overseas for their foreign exchange requirements.
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.com I www.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931