30th Annual General Meeting
Price
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Prithvi Exchange (India) Ltd has called its 30th AGM on Tuesday, September 9, 2025 at 11:30 AM via video conferencing. For FY2024-25, the company reported revenue of Rs. 3,524 crores (down from Rs. 4,159 crores) and net profit of Rs. 8 crores (down from Rs. 13 crores), citing forex market volatility and regulatory dynamics. A final dividend of Re. 1 per equity share has been proposed. The Board added 7 new branches during the year, expanding to 32 branches across 25 cities. The AGM will consider key items including reappointment of Mr. Pavan Kumar Kavad as Managing Director, appointment of Ms. Rashmi Surana as Independent Director, appointment of M/s. Esaki & Associates as Secretarial Auditors for 5 years, a hike in remuneration for Whole-time Director Mr. Kalpesh Kumar Kavad to Rs. 4 lakh per month, and approval of a new Employee Stock Option Scheme 2025 covering up to 4,34,200 stock options.
Declining revenue and profits year-on-year may concern short-term investors, but the proposed dividend and ESOP scheme signal management's commitment to shareholder value and talent retention. Branch expansion and diversification into insurance via subsidiary suggest a long-term growth play.