Mumbai, Nov. 2 -- TeleCanor Global has undertaken work under a purchase order issued by PrimeZen Innovations for the development of cryptocurrency exchange software, according to a regulatory disclosure filed with BSE. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The purchase order, numbered PZ-2026/045/CEXA1954/58, was dated March 29, 2026. The engagement covers the demonstration of core exchange infrastructure and initial token minting on the Solana testnet, forming part of the project's development and proof-of-concept work.
The invoice records milestone billing of USD 240,000, equivalent to Rs. 22.8 mn. The amount comprises the full Proof of Concept milestone and 55 per cent of the project completion milestone, according to the company's filing.
TeleCanor Global said the total value of the purchase order, the execution timeline and other applicable details would be confirmed against the executed purchase order and related contractual documents. The disclosure did not provide the full purchase order value or a detailed delivery schedule.
The company said it would make the necessary disclosures in accordance with applicable regulatory requirements. The filing was signed by PillI Swetha, managing director of TeleCanor Global, and submitted to BSE from Hyderabad on October 30, 2026. The company's securities are identified by scrip code 530595 and scrip ID TELECANOR.
Published by HT Digital Content Services with permission from Construction World.