Praxis Home Retail Board Approves Financial Results and Fund Raising

Praxis Home Retail Ltd's Board of Directors met on August 7, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board also considered various fund-raising options, including issuing equity shares or other securities through permissible modes like rights issue or preferential issue. Additionally, the board approved an amendment to the Praxis Employee Stock Option Plan – 2024, increasing the ESOP pool size from 30,00,000 to 65,00,000 stock options, subject to shareholder approval. The Fifteenth Annual General Meeting is scheduled for September 25, 2026.