Praxis Home Retail Ltd

Praxis Home Retail Ltd has announced the appointment of Mr. Mahesh M. as an Additional Independent Director to its Board of Directors. This appointment, recommended by the Nomination & Remuneration Committee and approved via circular resolution, is effective from July 03, 2026, for a term of five years, concluding on July 02, 2031. The appointment is subject to shareholder approval. Mr. Mahesh M. brings approximately 33 years of experience in project and product-led businesses, with expertise in category development, brand alliances, business creation, and turnaround assignments. His background includes leadership roles at HomeTown, Style Spa Furniture, and BP Ergo/VIP Industries, and he holds a Ph.D. in Management (Marketing). He is not related to any existing directors and is not debarred from holding a directorship.

Praxis Home Retail Ltd announced the re-appointment of Ms. Anou Singhvi as an Additional Independent Director for a second term of one year, from June 30, 2026, to June 29, 2027. This decision was approved by the Board of Directors via circular resolution, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval. Ms. Singhvi has confirmed her independence as per Section 149 of the Companies Act, 2013, and Regulation 16 of the Listing Regulations, and has not been debarred by any regulatory authority. Her profile includes extensive experience in interior design, applied arts, and managing a heritage luxury brand, alongside her artistic and writing endeavors. She is not related to any existing directors, KMPs, or promoters.

Praxis Home Retail Limited has entered into a Loan Agreement with CMS IT Services Private Limited to avail an unsecured loan of up to ₹14.50 Crores. The loan will be disbursed in one or more tranches by March 31, 2027. The funds are intended for working capital requirements and general corporate purposes. The loan carries an interest rate of 11% per annum for an initial period of 6 months, with an option for extension. As of the filing, ₹4 Crores of the loan has been taken and is outstanding.

Praxis Home Retail Limited has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The window will be shut for Promoters, Directors, Key Managerial Personnel, Designated Persons, their immediate relatives, and Specified Connected Persons. It commences on Wednesday, July 01, 2026, and will reopen 48 hours after the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The date of the board meeting to consider these results will be communicated later.

Praxis Home Retail Ltd has announced the appointment of Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah as Additional Independent Directors. Their appointments are effective from June 13, 2026, for a term of five years, subject to shareholder approval. Both directors bring extensive experience in business growth, strategy, and leadership across various consumer-facing industries. Mr. Gambhir has over 30 years of experience with brands like Johnson & Johnson and Red Bull, while Mr. Muddaiah has a background in retail, lifestyle, and consumer businesses with companies such as Nicobar Design and 24Seven Convenience Stores. This move is expected to strengthen the company's board and strategic direction.

Praxis Home Retail Ltd has re-appointed M/s Protune KSA Consultants Private Limited as its Internal Auditor for the financial year 2026-27. The re-appointment follows the recommendation of the Audit Committee and was approved by the Board of Directors at their meeting on May 29, 2026. Protune KSA Consultants, based in Mumbai, is part of the KS Aiyar Group and offers services in performance consulting, risk management, and business analytics.

Praxis Home Retail Ltd. announced audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 29, 2026. Singhi & Co., Statutory Auditors, issued an audit report with an unmodified opinion. M/s Protune KSA Consultants Private Limited were re-appointed as Internal Auditor for FY 2026-27. The Management Advisory Committee was dissolved. The Board also approved the Statement of Deviation and Variation in utilization of funds raised through Rights Issue.

Praxis Home Retail Ltd's board approved the audited financial results for the quarter and financial year ended March 31, 2026. The board also re-appointed M/s Protune KSA Consultants Private Limited as Internal Auditor for FY 2026-27 and approved the dissolution of the Management Advisory Committee. The audit report, issued by M/s. Singhi & Co., contained an unmodified opinion. The meeting commenced at 18:18 and concluded at 19:31 Hours, Indian Standard Time.

Praxis Home Retail Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. The trading window, which has been closed since April 1, 2026, will remain closed until May 31, 2026. The notice will be available on the company's website.

Praxis Home Retail Ltd has entered into a loan agreement with CMS IT Services Private Limited on May 22, 2026, for an unsecured loan of ₹5.5 Crores. The loan is intended for working capital requirements and general corporate purposes. The unsecured, inter-corporate loan carries an interest rate of 11% per annum for a period of 6 months, subject to mutual written agreement for extension.