Disclosure of material issue

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%), and Sangita Kishore Biyani (1.24%). Notably, Future Corporate Resources Private Limited (0.22%), also part of this group, is currently undergoing a corporate insolvency resolution process. **Investor Impact:** If approved, this move would significantly increase the company's public shareholding, potentially enhancing its free float in the market and aiding compliance with minimum public shareholding norms.

It also signals a reduction in the official 'promoter' holding and influence within the company. **Company's Response:** Praxis Home Retail will undertake the necessary actions to process these requests as per applicable regulatory requirements. #PRAXIS #CorporateAction #Shareholding