Praxis Home Retail Limited has accepted the resignation of Ms. Anou Singhvi as a Non-Executive Independent Director, effective July 27, 2026. The departure is attributed to personal reasons, with no other material factors cited by the resigning director. This change in board composition may impact the company’s governance structure until a successor is appointed.

The company disclosed the resignation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Additionally, the company complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, providing detailed information regarding the cessation of directorship.

Ms. Singhvi, holding DIN 07572970, tendered her resignation via a letter dated July 27, 2026. In her correspondence to the Board of Directors, she confirmed that her decision was based solely on personal reasons. She explicitly stated that there are no other material reasons for her resignation beyond those mentioned in her letter.

Resignation Details

The following table outlines the key details of the resignation as per the regulatory filing:

Ms. Singhvi confirmed that she does not hold any directorships in other listed entities at the time of her resignation. The company has made this information available on its official website, www.praxisretail.in , ensuring transparency for investors and stakeholders.

Governance Implications

The resignation of an independent director requires the company to ensure continued compliance with SEBI’s listing regulations regarding board composition. Praxis Home Retail Limited must now initiate the process to appoint a new independent director to maintain the required ratio of independent members on its Board. Until such appointment is made, the remaining board members will oversee company operations and strategic decisions.

Charu Srivastava, Company Secretary & Compliance Officer of Praxis Home Retail Limited, signed the disclosure document. The filing includes Annexure A, which provides the mandatory information under Regulation 30, and Annexure B, which contains the original resignation letter from Ms. Singhvi.

Praxis Home Retail Ltd has appointed Mahesh M. as an Additional Independent Director effective July 03, 2026, for a five-year term ending July 02, 2031, subject to shareholder approval. The appointment, approved via a circular resolution based on the recommendation of the Nomination & Remuneration Committee, aims to leverage the director's extensive experience in retail and business transformation to guide the company's growth.

Mahesh M. brings approximately 33 years of experience across project and product-led businesses. His expertise spans category development, brand alliances, business creation, and turnaround assignments. He currently serves as CEO and sector head of Creativity, where he led the development of a prominent home and furniture destination. His previous roles include senior positions at HomeTown, Style Spa Furniture, and BP Ergo/VIP Industries.

The new director holds a Ph.D. in Management (Marketing) from IBS Hyderabad, with research focused on omnichannel retailing in the furniture category. His skill set includes business strategy, retail transformation, sales and marketing, consumer behaviour, and growth management. The disclosure confirms that he is not related to any of the existing directors of the company and is not debarred from holding the office of director by any SEBI order or other authority.

The appointment was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The necessary disclosures were submitted to BSE Limited and the National Stock Exchange of India Limited, and the information is available on the company's website.

Key Details of Appointment