Prithvi Exchange (India) Limited Issues Notice on Transfer of Unclaimed Fractional Bonus Share Amounts to IEPFA

2 min read     Updated on 05 May 2026, 09:37 PM
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AI Summary

Prithvi Exchange (India) Limited has notified equity shareholders that unclaimed fractional bonus share amounts from FY 2018-19 will be transferred to the Investor Education and Protection Fund Authority (IEPFA) on August 5, 2026. Shareholders are urged to verify their details on the company website and claim their entitlements before the deadline. Shares not claimed by August 5, 2026 will be transferred to IEPFA without further notice, in accordance with Section 124 of the Companies Act, 2013 and the IEPF Authority Rules, 2016. Shareholders may subsequently reclaim transferred amounts from IEPFA by filing Form IEPF-5 online.

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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.

Historical Stock Returns for Prithvi Exchange

1 Day5 Days1 Month6 Months1 Year5 Years
+2.65%-0.89%+8.65%-4.50%-35.52%+541.18%

How might the transfer of unclaimed fractional bonus shares to IEPFA impact Prithvi Exchange's shareholder base and future corporate governance practices?

What broader trends in investor awareness and share reclamation rates from IEPFA can be expected as more companies approach similar seven-year transfer deadlines?

Could the IEPF-5 reclaim process become more streamlined or digitized in the future to improve shareholder recovery rates for transferred assets?

Prithvi Exchange Opens New Branch in Trivandrum to Expand Forex Services

1 min read     Updated on 14 Apr 2026, 01:57 PM
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AI Summary

Prithvi Exchange (India) Limited has opened a new branch in Trivandrum, Kerala, located at A5/2, Old TC 29/219, Ramakripa, Elankom Gardens, Vellayambalam, Sasthamangalam. The company aims to provide forex services including foreign currencies, forex cards, and remittances abroad in a contemporary, technology-enabled environment. This expansion is part of the company's strategy to increase its national footprint by establishing more branches in the future.

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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.

Historical Stock Returns for Prithvi Exchange

1 Day5 Days1 Month6 Months1 Year5 Years
+2.65%-0.89%+8.65%-4.50%-35.52%+541.18%

How many additional branches does Prithvi Exchange plan to open in the next 12-18 months as part of its national expansion strategy?

Will the company's aggressive expansion into regional markets like Kerala impact its profitability margins in the near term?

Could this expansion strategy position Prithvi Exchange as a potential acquisition target for larger financial services companies?

More News on Prithvi Exchange

1 Year Returns:-35.52%