Praxis Home Retail Limited has issued a notice informing the stock exchanges about the outcome of its Board Meeting held on September 11, 2026. The Board of Directors has approved the raising of funds up to an aggregate amount of ₹55 Crores (₹5,500 Lakhs) via the issuance and allotment of equity shares on a rights basis to eligible equity shareholders.

Detailed in the exchange filing, the proposed fundraising plan entails the issuance of equity shares with a face value of ₹5 each up to ₹55 Crores (₹5,500 Lakhs) subject to regulatory and statutory approvals as per SEBI regulations and the Companies Act, 2013. The Board has authorized a dedicated ‘Committee of Directors’ to determine the detailed terms and conditions, issue price, rights entitlement ratio, and the final number of equity shares to be issued.

Praxis Home Retail Limited is an Indian retail entity primarily engaged in home retailing, operating physical department stores along with e-commerce platforms for home furniture, decor, and kitchenware under various formats. In 2025, the company announced corporate actions including the listing and execution of rights entitlements to strengthen its financial structure and meet working capital requirements. The business operates through an omnichannel strategy to cater to changing retail demand across major cities in India.

During the financial year 2025, the company experienced significant operational pressures. For Q2 2025, Praxis Home Retail reported a total revenue of ₹118.47 Crores, reflecting a top-line decline of 45.81% year-over-year compared to the corresponding period due to reduced discretionary consumer spending. Net profit margins remained under severe pressure, posting a negative EPS of ₹-2.69 per share. In terms of notable shareholders, well-known marquee investor Akash Bhanshali held a significant stake in the company during 2025.