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Praxis Home Retail Limited confirmed it does not meet the criteria for classification as a 'Large Corporate' under SEBI circulars as of March 31, 2026. The company reported outstanding long-term borrowings of ₹56.89 Crore, well below the ₹1,000 Crore threshold.
Praxis Home Retail Limited has appointed Mr. Ravi Venkatraman as Chairperson and Independent Director, effective April 15, 2026. A seasoned finance professional and former CFO of Mahindra & Mahindra Financial Services, he brings over 40 years of experience in strategy and governance to the board.
Praxis Home Retail Limited appointed Mr. Ravi Venkatraman as Chairperson of the Company with immediate effect. Mr. Venkatraman, a seasoned finance professional with over 40 years of experience, will continue in his current role as an Independent Director. He previously served as Executive Director and CFO at Mahindra & Mahindra Financial Services.
Praxis Home Retail Limited submitted its quarterly compliance certificate for the period ended March 31, 2026. Issued by MUFG Intime India, the certificate confirms the processing and listing of securities received for dematerialisation within prescribed timelines. This is a routine regulatory filing with no material impact on business operations.
Praxis Home Retail Ltd approved the grant of 5,00,000 stock options to eligible employees at an exercise price of Rs. 5 per option. The options vest over three years and can be exercised within three years from the date of vesting. This move aims to align employee interests with long-term company performance.
Praxis Home Retail Limited disclosed the creation of a pledge on 4,880,000 equity shares (2.63% stake) in favor of Catalyst Trusteeship Limited. The pledge acts as security for a loan from Poonawalla Fincorp Limited, increasing the total encumbered holding of the acquirer group to 15.36%.