Praxis Home Retail has been subject to an additional pledge creation by Catalyst Trusteeship Limited, as disclosed in a regulatory filing dated April 02, 2026. The transaction involves the pledging of additional equity shares in favor of Catalyst Trusteeship Limited, acting as security trustee on behalf of Poonawalla Fincorp Limited.

Transaction Details

The pledge creation occurred on March 30, 2026, involving 48.80 lakh equity shares of Praxis Home Retail Limited. This represents 2.63% of the company's total share capital. The transaction was executed through the creation of pledge on shares, with Catalyst Trusteeship Limited acting in its capacity as security trustee for the benefit of Poonawalla Fincorp Limited as the lender.

Holdings Comparison

The additional pledge significantly increased Catalyst Trusteeship's total encumbered holdings in Praxis Home Retail. Prior to this transaction, the trustee held 2.37 crore shares under encumbrance, representing 12.73% of the total equity capital.

Company Capital Structure

Praxis Home Retail Limited's equity capital structure remained unchanged following the pledge creation. The company maintains a total paid-up equity capital of 18.58 crore shares, with each share having a face value of INR 5.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing was submitted to both major stock exchanges where Praxis Home Retail shares are listed - BSE Limited and National Stock Exchange of India Limited. Catalyst Trusteeship Limited confirmed that it does not belong to the promoter or promoter group of the target company.

The transaction represents a standard security arrangement where shares are pledged as collateral for lending arrangements, with Catalyst Trusteeship Limited serving as the security trustee to protect the interests of Poonawalla Fincorp Limited as the lender.

Praxis Home Retail Limited has announced the completion of Mr. Jacob Mathew's tenure as Independent Director, marking the end of his five-year term with the company. The announcement was made through a regulatory filing to BSE Limited and National Stock Exchange of India Limited on March 25, 2026.

Director Tenure Completion Details

Mr. Jacob Mathew, holding Director Identification Number (DIN) 00080144, completed his first term of five consecutive years as Independent Director on March 25, 2026. The cessation became effective from the close of business hours on the same date.

Company's Official Statement

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding changes in management. The company emphasized that the cessation was solely due to the completion of tenure and confirmed that Mr. Jacob Mathew has not sought re-appointment for a second term.

The Board of Directors and Management of Praxis Home Retail Limited placed on record their sincere appreciation for the valuable contributions, guidance, and services rendered by Mr. Mathew during his association with the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations as required under SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The requisite disclosure has been provided as Annexure A to the filing.

The information has also been made available on the company's official website at www.praxisretail.in for stakeholder reference. Company Secretary and Compliance Officer Charu Srivastava (ACS No. 27108) signed the disclosure document on behalf of the company.