Praxis Home Retail Ltd

Praxis Home Retail Ltd has announced an amendment to its Inter-Corporate Loan Agreements with CMS IT Services Private Limited. The interest rate on unsecured inter-corporate loans, totaling ₹20 Crores, has been revised from 11% per annum to 13% per annum. This change is effective from May 22, 2026, and June 23, 2026, for the respective agreements. The total amount sanctioned is ₹20 Crores, with ₹16.5 Crores already taken and outstanding. The purpose of the loan is for working capital and general corporate purposes. This amendment does not alter other terms and conditions of the loan agreements.

Praxis Home Retail Limited has announced a board meeting scheduled for September 11, 2026, to discuss a proposal for raising funds through a Rights Issue of Equity Shares. In line with SEBI regulations and the company's insider trading code, the trading window for dealing in the company's securities will be closed from September 7, 2026, to September 13, 2026. This closure applies to promoters, directors, key managerial personnel, designated persons, and their immediate relatives.

Praxis Home Retail Ltd has announced that its Board of Directors will convene on September 11, 2026, to consider and approve a proposal for raising funds through a Rights Issue of Equity Shares. The company also informed that the trading window for its securities will be closed from September 7, 2026, to September 13, 2026, for promoters, directors, key managerial personnel, designated persons, and their immediate relatives, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Praxis Home Retail Ltd has announced its 15th Annual General Meeting (AGM) will be held on September 25, 2026, at 11:30 AM IST via Video Conferencing. The company will present the Audited Standalone Financial Statements for FY 2025-26, along with the Board and Auditor reports. Key agenda items include the re-appointment of Ms. Lynette Monteiro, who retires by rotation, and the appointment of Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah as Independent Directors. The Annual Report for FY 2025-26 and the AGM notice are being dispatched electronically and are available on the company's website.

Praxis Home Retail Ltd has announced its 15th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 11:30 AM IST via Video Conferencing. The company will present the Audited Standalone Financial Statements for FY 2025-26, along with the Board and Auditor reports. Key agenda items include the re-appointment of Ms. Lynette Monteiro, who retires by rotation, and the appointment of Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah as Independent Directors. The Annual Report for FY 2025-26 and the AGM notice have been dispatched electronically and are available on the company's website.

Praxis Home Retail Ltd's application to re-classify certain shareholders from 'Promoter' to 'Public' category has been rejected by the National Stock Exchange of India (NSE). The NSE cited prolonged non-response to queries and clarifications as the reason for closing the application. The company was initially informed of the rejection/closure on grounds of prolonged submission. The NSE has advised Praxis Home Retail to file a fresh application with applicable fees if they wish to pursue the matter further. The company is currently evaluating its next steps.

Praxis Home Retail Ltd has filed a request for the reclassification of shareholding from 'Promoter/Promoter Group' to 'Public' category for several entities, in accordance with SEBI Listing Regulations. This follows an initial disclosure that inadvertently omitted detailed promoter group information. The filing includes a revised list of promoters and promoter group members with their respective shareholdings as of the current date. Notably, Future Corporate Resources Private Limited is under corporate insolvency resolution. The company will proceed with necessary actions as per SEBI regulations.

Praxis Home Retail Ltd announced the grant of 22,05,000 stock options to eligible employees under the 'Praxis Employee Stock Option Plan 2024'. The options are granted at an exercise price of ₹5/- per option. The vesting schedule is set at 40% after one year, 30% after two years, and 30% after three years from the grant date. Options can be exercised within three years from their respective vesting dates. The Nomination and Remuneration Committee approved the grant on August 07, 2026.

Praxis Home Retail Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, which were recommended by the Audit Committee and accompanied by a Limited Review Report from the Statutory Auditors. The company also discussed proposals for raising funds through various modes and approved an amendment to the Praxis Employee Stock Option Plan – 2024, increasing the ESOP pool size. The Fifteenth Annual General Meeting is scheduled for September 25, 2026.

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.