Praxis Home Retail Limited
Incorporated in 2011, Praxis Home Retail Ltdis in the business of Home Retailing through departmental stores, under various formats
What Praxis files
- Others78
- Important29
- Board Meeting5
- Updates5
- Insider Trade3
- Results1
Praxis Home Retail's request to reclassify certain shareholders from promoter to public category was rejected by NSE due to submission delays. The company is now evaluating next steps for this re-classification.
Praxis Home Retail (PRAXIS) is processing requests from several Promoter/Promoter Group entities and individuals to reclassify their shares to the 'Public' category. **What's Happening:** The company received applications to reclassify approximately 7.21% of its total shares. Key entities seeking reclassification include Surplus Finvest Private Limited (3.24%), Avni Kishore Biyani (2.51%),...
Praxis Home Retail obtained an unsecured inter-corporate loan of up to Rs 14.50 Cr from CMS IT Services. This 11% loan provides working capital and general corporate funding, enhancing liquidity for future operations.
Praxis Home Retail reported a ₹66.61 Cr net loss for the year. Auditors cite going concern doubts due to negative net worth (₹77.15 Cr) and ₹40.58 Cr cash loss. The company had a ₹101 Cr write-off for a security deposit but received a ₹95.40 Cr waiver of inter-corporate deposits. ₹49.58...
Praxis Home Retail secured an unsecured inter-corporate loan of ₹5.5 Cr from CMS IT Services. This 6-month loan at 11% interest boosts working capital and supports general corporate purposes, enhancing liquidity for operations.