Praxis Home Retail Declares Unaudited Q2 FY27 Results

Praxis Home Retail Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the results, along with the limited review report from the statutory auditors. A material uncertainty related to going concern was highlighted due to cash losses and negative net worth, though the financial statements were prepared on a going concern basis. The company's current liabilities exceeded its current assets, and it received a notice under the Insolvency and Bankruptcy Code. The Board meeting commenced at 16:30 IST and concluded at 18:01 IST.