Praxis Home Retail Share Price Today

Praxis Home Retail avails additional ₹2.50 Cr loan, total hits ₹6 Cr

Praxis Home Retail avails additional ₹2.50 crore unsecured loan from Matrix Park Private Limited. Aggregate outstanding debt with Matrix Park rises to ₹6.00 crore following new agreement. Loan carries 13% annual interest rate for six-month tenure, extendable by mutual consent. Funds earmarked for working capital requirements and general corporate purposes. Lender is unrelated to promoters; transaction falls outside related party regulations.

Praxis Home Retail appoints three independent directors at AGM

Praxis Home Retail appointed three Independent Directors for five-year terms at its 15th AGM. New directors include Rahul Gambhir, Chetranda Somanna Muddaiah, and Mahesh Meenakshisundaram. Shareholders approved all resolutions with over 99.99% support; promoters abstained from voting. Directors bring combined experience in consumer retail, omnichannel strategy, and business transformation.

Praxis Home Retail Q1FY27 Results: Revenue up 13% YoY, loss narrows

Revenue from operations rose 13% YoY and 8% QoQ to ₹2,660 lakhs in Q1FY27. EBITDA loss narrowed 88% YoY to ₹69 lakhs, with EBITDA margin improving 2100 bps YoY to -3%. Retail LFL growth stood at +33.3% YoY; revenue per sq ft per month grew 42.3% YoY. Gross profit rose 47% YoY to ₹1,150 lakhs, though gross margin contracted 250 bps QoQ to 43.2%. All 13 stores recorded EBITDA improvement YoY; homeware LFL grew 59% YoY.

Praxis Home Retail approves ₹550 crore rights issue at Sept 11 board meeting

Praxis Home Retail approved a rights issue of up to ₹5,500.00 lakhs. Equity shares with a face value of ₹5 each will be offered to existing shareholders. A Committee of Directors will finalize the detailed terms and conditions. The proposal is subject to regulatory and statutory approvals.

Praxis Home Retail raises inter-corporate loan interest rate to 13%

Praxis Home Retail revised its loan interest rate from 11% to 13% per annum. The amendment applies to unsecured loans from CMS IT Services Private Limited. Outstanding loan amount stands at ₹16.5 crore against a ₹20 crore sanction. The higher rate increases finance costs for the applicable period. No other terms of the agreement were altered.

Praxis Home Retail sets Sept 25 AGM for board reshuffle and ESOP hike

Praxis Home Retail schedules its 15th AGM for September 25, 2026, via video conferencing. Three new independent directors proposed: Rahul Gambhir, Chetranda Somanna Muddaiah, Mahesh Meenakshisundaram. ESOP pool to increase from 30 lakh to 65 lakh options, adding 35 lakh new options. Remote e-voting open from September 22 to September 24, 2026. Book closure period set from September 19 to September 25, 2026.