Praxis Home Retail Limited
All news and filings related to Praxis Home Retail Limited.
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Praxis Home Retail revises interest rate on inter-corporate loans to 13%
Praxis Home Retail Limited amended its inter-corporate loan agreements with CMS IT Services Private Limited. The interest rate has been revised from 11% to 13% per annum, effective May 22, 2026, and June 23, 2026. The total sanctioned loan is ₹20 crores, with ₹16.5 crores outstanding.
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Praxis Home Retail Board Meeting on Sep 11 to Consider Rights Issue
Praxis Home Retail Limited will hold a Board Meeting on September 11, 2026, to consider a Rights Issue for fundraising. The trading window for designated persons is closed from September 07, 2026, to September 13, 2026.
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Praxis Home Retail Announces 15th AGM, E-voting, and Annual Report Dispatch
Praxis Home Retail Limited will hold its 15th AGM on September 25, 2026, via video conference. The Annual Report for FY25-26 and AGM notice were dispatched on September 02, 2026. Remote e-voting is available from September 22-24, 2026, for shareholders as of September 18, 2026.
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Praxis Home Retail Announces 15th AGM on Sept 25, 2026, to Discuss FY26 Results & Director Appointments
Praxis Home Retail Limited will hold its 15th AGM on September 25, 2026. The meeting will cover FY26 financial statements, re-appointment of a director, and the appointment of three new independent directors: Rahul Gambhir, Chetranda Somanna Muddaiah, and Mahesh Meenakshisundaram. Amendments to the ESOP plan, including increasing the option pool, will also be discussed.
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Praxis Home Retail Limited Announces AGM on September 25, 2026
Praxis Home Retail Limited will hold its 15th Annual General Meeting on September 25, 2026, via video conference. The AGM notice and Annual Report for FY25-26 will be sent electronically. Members can participate and vote remotely.
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Praxis Home Retail Limited: Newspaper Publication on Share Transfer Window
Praxis Home Retail Limited announced a special one-year window from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical shares sold/purchased before April 1, 2019. This is in compliance with a SEBI circular. Investors can submit requests to the RTA, MUFG Intime India Private Limited.
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Praxis Home Retail Limited's Promoter Reclassification Application Rejected by NSE
Praxis Home Retail Limited's application to re-classify shareholders from Promoter to Public category was rejected by NSE. The rejection is due to prolonged submission and unaddressed queries. A fresh application is required if the company wishes to pursue this matter further.
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Praxis Home Retail Seeks Promoter Re-classification
Praxis Home Retail Limited has received requests from Promoter and Promoter Group members for re-classification to 'Public' status. This follows a June 09, 2025 disclosure, with a revised list of individuals and entities now provided. Future Corporate Resources Private Limited is undergoing insolvency resolution.
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Praxis Home Retail Limited Publishes Unaudited Financial Results for Q1 FY27
Praxis Home Retail Limited published its unaudited financial results for the quarter ended June 30, 2026. The results were published in newspapers on August 08, 2026, and are available on the company's website and stock exchange portals. The Board approved these results on August 07, 2026.
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Praxis Home Retail Grants 22.05 Lakh Stock Options Under ESOP 2024
Praxis Home Retail Limited approved granting 22,05,000 stock options under its ESOP 2024 plan. The exercise price is ₹5 per option. Vesting occurs over three years, with options exercisable within three years post-vesting.
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Praxis Home Retail Board Approves Q1 FY26 Results, Fund Raising, ESOP Expansion, and AGM
Praxis Home Retail approved Q1 FY26 unaudited financial results. The board will explore fund-raising options via equity shares or other securities. The ESOP pool size was increased from 30 lakh to 65 lakh options. The 15th AGM is scheduled for September 25, 2026.
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Praxis Home Retail Ltd.: Independent Director Anou Singhvi Resigns
Ms. Anou Singhvi has resigned as a Non-Executive Independent Director of Praxis Home Retail Limited, effective July 27, 2026, due to personal reasons.
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Praxis Home Retail Ltd. Confirms Compliance with SEBI Depositories Regulations for Q1FY27
Praxis Home Retail Limited confirmed compliance with SEBI Depositories Regulations for the quarter ended June 30, 2026. The Registrar and Share Transfer Agent verified dematerialization and registration processes within regulatory timelines.
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Praxis Home Retail Appoints Mahesh M. as Additional Independent Director
Praxis Home Retail Limited has appointed Mr. Mahesh M. as an Additional Independent Director. His appointment is effective from July 03, 2026, for a five-year term, pending shareholder approval. Mr. Mahesh M. has 33 years of experience in leadership roles within the retail sector.
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Praxis Home Retail: Anou Singhvi Reappointed Independent Director for 1 Year
Praxis Home Retail Limited's Board has approved the re-appointment of Ms. Anou Singhvi as an Additional Independent Director for a second term. Her reappointment is for one year, from June 30, 2026, to June 29, 2027, pending shareholder approval. Ms. Singhvi meets independence criteria.
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Praxis Home Retail Files Audited Financial Results for FY26, Showing Net Loss
Praxis Home Retail reported audited financial results for FY26, with a net loss of ₹6,661.49 lakhs. Total income was ₹10,752.07 lakhs and expenses ₹16,853.57 lakhs. The company faces going concern uncertainty due to cash losses and negative net worth. A ₹10,100 lakh provision for ECL was made. A rights issue in August 2025 raised ₹4,958.00 lakhs.
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Praxis Home Retail: Trading Window Closed July 1, 2026, for Q1 FY27 Results
Praxis Home Retail Limited will close its trading window from July 01, 2026. The window will reopen 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The date for the board meeting to approve these results will be announced later.
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Praxis Home Retail Promoter Group Declares No New Share Encumbrance for FY26
Praxis Home Retail Limited promoters declared no new share encumbrances for FY26. Vivek Biyani confirmed this for the promoter group. Shareholding details as of March 31, 2026, were provided. Future Corporate Resources Private Limited, a promoter, is under NCLT insolvency proceedings.
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Praxis Home Retail Appoints Rahul Gambhir and Chetranda Somanna Muddaiah as Additional Independent Directors
Praxis Home Retail Limited appointed Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah as Additional Independent Directors. Both appointments are effective June 13, 2026, for a five-year term. Mr. Gambhir has 30+ years of experience in consumer brands, while Mr. Muddaiah brings expertise in retail and scaling businesses.
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Praxis Home Retail Limited Publishes Audited Financial Results for Q4 FY26
Praxis Home Retail Limited published its audited financial results for the quarter and year ended March 31, 2026. The results were announced via newspaper publications on May 31, 2026, and are also available on the company's website.
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Praxis Home Retail Reappoints Protune KSA Consultants as Internal Auditors for FY27
Praxis Home Retail Limited has re-appointed M/s Protune KSA Consultants Private Limited as its Internal Auditors for the Financial Year 2026-27. The re-appointment was approved by the Board of Directors on May 29, 2026. Protune KSA Consultants is a recognized performance consulting firm.
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Praxis Home Retail Files Statement of Deviation for Rights Issue Funds for Q4FY26
Praxis Home Retail Limited filed a statement of deviation for its Rights Issue funds for the quarter ended March 31, 2026. The Audit Committee reviewed the statement on May 29, 2026.
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Praxis Home Retail Board Approves Q4 FY26 Results, Reappoints Internal Auditors
Praxis Home Retail's Board approved audited financial results for Q4 FY26 and the full year ended March 31, 2026. M/s Protune KSA Consultants Private Limited were reappointed as Internal Auditors for FY27. A statement on Rights Issue fund utilization deviations was also approved.
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Praxis Home Retail Secures Unsecured Loan of ₹5.5 Crore from CMS IT Services
Praxis Home Retail Limited secured an unsecured, inter-corporate loan of ₹5.5 crore from CMS IT Services Private Limited on May 22, 2026. The loan, for working capital and general corporate purposes, has a 6-month tenure at an 11% annual interest rate.
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Praxis Home Retail Litigation Update: Hearing Adjourned to June 23, 2026
Praxis Home Retail Limited's IBC petition hearing by NCLT Mumbai, filed by Koncepts Interior, has been adjourned. The matter was listed for April 30, 2025, and is now rescheduled for June 23, 2026. The company states no financial or operational impact as the matter is sub-judice.
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Praxis Home Retail Publishes Newspaper Advertisement for Share Transfer Window
Praxis Home Retail Limited published a newspaper advertisement on April 29, 2026, regarding a special window for the transfer and dematerialisation of physical shares. The notice was published in Free Press Journal and Navshakti, and is also available on the company's website.
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Praxis Home Retail Files Reconciliation of Share Capital for Q4 FY26
Praxis Home Retail Limited filed its share capital reconciliation for the quarter ended March 31, 2026. Issued capital is 18,58,17,428 shares. Listed capital is 18,58,12,210 shares. A difference is due to 5,218 shares held in abeyance as per a scheme of arrangement.
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Praxis Home Retail Appoints Ravi Venkatraman as Chairperson
Praxis Home Retail Limited appointed Mr. Ravi Venkatraman as Chairperson, effective April 15, 2026. He will continue as an Independent Director. Mr. Venkatraman brings over 40 years of experience in the BFSI sector.
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Praxis Home Retail Files Certificate for Q4 FY26 Compliance
Praxis Home Retail Limited submitted a compliance certificate for the quarter ended March 31, 2026. The certificate confirms adherence to SEBI (Depositories and Participants) Regulations, 2018, regarding dematerialisation and listing of securities.
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Praxis Home Retail Grants 5 Lakh Stock Options Under ESOP Plan 2024
Praxis Home Retail Limited approved the grant of 5,00,000 stock options to employees under its ESOP Plan 2024. The exercise price is ₹5 per option. Vesting occurs over three years, with exercise possible within three years post-vesting. The plan complies with SEBI regulations.
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Praxis Home Retail: Independent Director Jacob Mathew Completes Tenure
Mr. Jacob Mathew, an Independent Director at Praxis Home Retail Limited, has completed his five-year term on March 25, 2026. He will cease to be a director from the close of business hours on this date. Mr. Mathew is not seeking re-appointment for a second term.
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Praxis Home Retail: Trading Window Closed from April 1, 2026, for FY26 Results
Praxis Home Retail Limited will close its trading window from April 1, 2026. The window will reopen 48 hours after the declaration of audited financial results for the quarter and financial year ending March 31, 2026. The board meeting date for results declaration will be intimated later.
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NCLT Orders Praxis Home Retail to Hand Over Ahmedabad Mall Premises
NCLT orders Praxis Home Retail to hand over premises at The Acropolis Mall, Ahmedabad within 30 days from March 18, 2026, and pay due lease rentals. The lease deed is considered under Section 66 of the IBC, 2016. Management expects minimal impact on financials.
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Praxis Home Retail Limited Announces Demise of Chairman and Independent Director, Vijai Singh Dugar
Praxis Home Retail Limited announced the demise of its Chairman and Independent Director, Mr. Vijai Singh Dugar, on March 14, 2026. He was associated with the company since August 12, 2024. His contributions in finance and strategy were significant. He ceased to hold his directorship and committee memberships.
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Praxis Home Retail Ltd: Shareholders Approve Key Director Appointments and CEO Remuneration
Praxis Home Retail Limited's shareholders approved the appointment of Mr. Ravi Venkatraman as Independent Director and Mr. Shashwat Nigam as Director. The remuneration and appointment of Mr. Shashwat Nigam as CEO & Whole-time Director were also approved. Voting concluded on March 08, 2026.
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Praxis Home Retail Appoints Shashwat Nigam as CEO & Ravi Venkatraman as Independent Director
Praxis Home Retail appointed Shashwat Nigam as CEO & Whole-time Director for 3 years from Feb 3, 2026. Ravi Venkatraman appointed Independent Director for 5 years from Dec 30, 2025. Shareholders approved these changes via postal ballot concluded on March 8, 2026.
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Praxis Home Retail Q3 FY26 Results: Disclaimer of Conclusion Amidst Financial Uncertainties
Praxis Home Retail Limited submitted unaudited results for Q3 FY26 with a disclaimer of conclusion from auditors due to financial uncertainties. Key issues include ₹10,100 lakhs in unrecovered lease deposits and ₹1,116.69 lakhs in unreconciled payables. The company reported an exceptional item of ₹9,540 lakhs from waived ICDs and raised ₹4,958 lakhs via rights issue.
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Praxis Home Retail Ltd.: Newspaper Publication for Postal Ballot Notice
Praxis Home Retail Limited announced a postal ballot notice and remote e-voting schedule. Shareholders can vote electronically from February 7, 2026, to March 8, 2026. NSDL is facilitating the process, and a Scrutinizer has been appointed. Results will be declared post-voting.
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Praxis Home Retail Seeks Shareholder Approval via Postal Ballot for Key Appointments
Praxis Home Retail is conducting a postal ballot for shareholders to approve appointments. Mr. Ravi Venkatraman is proposed as Independent Director, and Mr. Shashwat Nigam as Director and CEO & Whole-time Director. Nigam's remuneration is proposed between ₹95 Lakhs to ₹2 Crores annually. E-voting runs from Feb 7 to Mar 8, 2026.
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Praxis Home Retail Appoints Shashwat Nigam as New CEO, Ashish Bhutda Resigns
Praxis Home Retail appoints Shashwat Nigam as CEO effective Feb 3, 2026, replacing Ashish Bhutda who resigned Feb 2, 2026. Nigam has 18 years of experience, including leading Entero Healthcare's ₹3,000 crore retail business.
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Praxis Home Retail: CEO Ashish Bhutda Resigns Effective Feb 2, 2026
Mr. Ashish Bhutda has resigned as CEO and Whole Time Director of Praxis Home Retail Limited. His resignation is effective February 02, 2026. He is leaving to pursue opportunities outside the organization and has committed to a smooth transition.
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Praxis Home Retail Publishes Unaudited Financial Results for Q3 FY26
Praxis Home Retail Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported Total Income from Operations of ₹3,036.51 Lakhs for the quarter. The Net Profit/(Loss) after tax was a loss of ₹1,589.10 Lakhs. The results were approved by the Board on January 30, 2026.
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Praxis Home Retail Appoints Shashwat Nigam as CEO and Additional Director
Praxis Home Retail Limited appointed Mr. Shashwat Nigam as CEO and additional Director, effective February 03, 2026. He brings over 18 years of experience and has a proven track record in business turnaround and scaling operations. This appointment is seen as a key step for business stabilization.
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Praxis Home Retail Appoints Shashwat Nigam as CEO, Approves Q3 FY26 Results
Praxis Home Retail Limited approved its unaudited financial results for Q3 FY26. The company appointed Mr. Shashwat Nigam as CEO and Whole-time Director, effective February 3, 2026. The Board also approved postal ballots for director appointments and confirmed no deviation in funds utilization from preferential and rights issues.
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Praxis Home Retail Posts Q2 Results with Disclaimer of Conclusion
Praxis Home Retail's Q2 FY26 results are submitted with a disclaimer of conclusion from auditors due to significant uncertainties regarding receivables, lease rentals, and going concern. The company reported a net profit of ₹8,104.26 lakhs for the quarter ended Sep 30, 2025, after an exceptional item of ₹9,540.00 lakhs (ICD waiver).
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Praxis Home Retail to Close Two Stores, Fined ₹3.6 Lakhs by BSE
Praxis Home Retail is closing its Gachibowli and Rajarhat stores due to operational unviability, contributing ₹3.17 crore and ₹8.90 crore respectively to FY25 revenue. Additionally, BSE has fined the company ₹3.6 Lakhs for a 17-day delay in submitting listing approval for equity shares post-warrant conversion.
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Praxis Home Retail Files SEBI Certificate for Q3 FY26
Praxis Home Retail Limited submitted a certificate for the quarter ended December 31, 2025, confirming compliance with SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent confirmed the processing and listing of dematerialized securities and the updating of the register of members.
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Praxis Home Retail Fined ₹4 Lakhs by NSE for Delayed Listing Approval
Praxis Home Retail Limited was fined ₹4,00,000 by the NSE for delayed submission of listing approval and violating SEBI ICDR Regulations. The company attributes the delay to inadvertent reasons and has been given 15 days to pay or file a waiver request. Total payment including GST is ₹4,72,000.
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Praxis Home Retail Announces Resignation of Senior Management Personnel
Praxis Home Retail Limited announced the resignation of Mr. Ketan Gandhalikar, Category Head and Senior Management Personnel. His resignation is effective January 02, 2025, due to personal reasons and better opportunities. The company has provided the required disclosures.
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Praxis Home Retail Appoints Ravi Venkatraman as Additional Independent Director
Praxis Home Retail Limited appointed Mr. Ravi Venkatraman as an Additional Independent Director. His five-year term begins on December 30, 2025, pending shareholder approval. Mr. Venkatraman is an experienced finance professional with over 40 years in the BFSI sector.
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