TeleCanor Global Ltd has achieved critical milestones in its digital payments division, including the appointment of a global certification body for its PCI-DSS audit and the technical finalization of its proprietary payment gateway framework. The company disclosed that it has formally appointed SGS, a globally recognized testing, inspection, and certification body, to conduct the final Payment Card Industry Data Security Standard (PCI-DSS) certification audit for its payment infrastructure.

The proprietary payment gateway application has successfully cleared all rigorous baseline internal testing phases and is structurally prepared for the final certification process. The underlying application architecture utilizes Open Transaction Model (OTM) and State-Based Message Delivery (SBMD) frameworks to ensure secure data handling, architectural modularity, and rapid transaction throughput. The company stated that the recent deployment timeline extension was leveraged to harden the platform architecture, resulting in a structurally stronger and more secure product.

RBI Payment Aggregator License Status

The formal application for the Payment Aggregator (PA) authorization will be submitted to the Reserve Bank of India (RBI) immediately after the conclusion and audit of the required financial results and the formal infusion of additional equity capital. This capital infusion is necessary to meet the regulatory net-worth norms prescribed by the RBI.

Commercial Launch Timeline

Commercial launch and onboarding of merchants are scheduled to commence immediately upon receipt of the formal PCI-DSS certification from SGS. The company estimates that the certification process will take approximately one month from the commencement of the audit.

TeleCanor Global Ltd expects normal business operations to resume by the end of July 2026 following the resolution of most differences with its workforce. The Board of Directors reviewed the status of the labour unrest at the company's operations and noted that the remaining issues are anticipated to be resolved shortly. This update was provided during the Board meeting held on July 11, 2026, at the registered office in Hyderabad.

Revised Valuation Report Approved

In furtherance of discussions held at the previous Board meeting on June 29, 2026, the Board considered and approved a revised valuation report regarding the company's land assets. The report was prepared in the correct format, duly taking into consideration survey numbers included in the prohibited list notified by the Government of Andhra Pradesh. The Board noted that the earlier valuation report dated December 9, 2025, contained an inadvertent error as it did not consider the prohibited survey numbers.

Consequently, the Board approved the adoption of the values reflected in the revised valuation report or the acquisition value of the respective assets, whichever is lower, for all relevant purposes. The valuation report dated December 9, 2025, stands withdrawn and shall not be relied upon henceforth.

Land Asset Details

The revised valuation covers land parcels located in Marripalem Village & Panchayat and Rajala Agraharam Village & Panchayat, Rambilli Mandal, Anakapalli District (formerly Visakhapatnam District), Andhra Pradesh. The total extent of the site considered for valuation is 38.91 Acres (157463.32 Sqm).

The report highlights that the subject property appears to be in the nature of salt pans and/or fishery ponds. Due to on-ground constraints, including accessibility limitations, no physical measurements or detailed boundary verification were undertaken. The valuation is subject to verification of title, land classification, and other relevant statutory records.