Praxis Home Retail Ltd

Regulatory update

• NSE rejected/closed Praxis's Regulation 31A promoter-to-public reclassification application.
• Reason: unaddressed queries and prolonged submission; fresh filing advised.
• Promoter group list for reclassification provided; application not considered due to non-response.
• Company may submit a fresh Regulation 31A application with complete documents and fees.
• Earlier resubmission on Aug 12, 2026; initial submission on Jun 9, 2025.

Promoter reclassification update

• Requests to reclassify promoter and promoter group as Public under Regulation 31A.
• Revised disclosure provides complete promoter group list with shareholding as on date.
• Kishore Biyani promoter holds 0.00% with 414 shares.
• Future Corporate Resources Private Limited holds 0.22% with 415,625 shares.
• Sangita Kishore Biyani holds 1.24% with 2,302,730 shares.
• Avni Kishore Biyani holds 2.51% with 4,672,499 shares.
• Surplus Finvest Private Limited holds 3.24% with 6,023,706 shares.
• Company will undertake actions under Regulation 31A and applicable laws.

ESOP Grant Details

• Nomination and Remuneration Committee approves grant of 22,05,000 stock options under Praxis Employee Stock Option Plan 2024.
• Exercise price fixed at Rs 5 per option.
• Vesting: 40% after year 1, 30% after year 2, 30% after year 3.
• Options exercisable within 3 years from respective vesting dates.
• 22,05,000 equity shares of Rs 5 each covered.
• No lock-in on shares issued on exercise.
• Scheme complies with SEBI SBEB Regulations 2021.

Financial results

• Unaudited quarterly results for quarter ended June 30, 2026 approved; Annexure-I enclosed.
• Limited Review Report issued by statutory auditors attached.

Fund raising

• Board to evaluate fund-raising options via equity or other securities, with approvals.
• Total securities to be issued yet to be determined.

ESOP

• ESOP pool increased from 3,000,000 to 6,500,000 options; subject to member approvals.

AGM

• Fifteenth AGM on Sept 25, 2026 at 11:30 A.M. IST via VC/OAVM.

Resignation of Independent Director

• Resignation of Ms. Anou Singhvi, Non-Executive Independent Director, effective July 27, 2026.
• Reason: personal reasons.
• Ms. Singhvi confirms no other material reasons.
• Directorships in listed entities: Nil.
• Letter of resignation enclosed; Annexure B.

Dematerialisation status

• Dematerialisation requests for the reporting quarter were confirmed to depositories by the RTA.
• Securities dematerialised have been listed on stock exchanges where the securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Appointment of Additional Independent Director

• Appointment of Mr. Mahesh M. as Additional Independent Director, effective July 3, 2026.
• Term of five consecutive years ending July 2, 2031, subject to shareholders' approval.
• Reason: approved by Board via circular resolution on Nomination and Remuneration Committee's recommendation.
• Brief profile: 33-year industry veteran; CEO of Creativity; former roles at HomeTown, Style Spa Furniture.
• Not related to any directors.
• Not debarred from holding office as director by SEBI or other authority.
• Disclosures: Announcement available on company website; subject to regulatory approvals.