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

Praxis Home Retail Ltd has approved the re-appointment of Ms. Anou Singhvi as an Additional Independent Director for a second term of one year, effective from June 30, 2026, to June 29, 2027. The decision, taken by the Board of Directors via a circular resolution, is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the company's shareholders.

Ms. Singhvi has confirmed that she meets the criteria of independence under Section 149 of the Companies Act, 2013, and Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. She further confirmed that she has not been debarred from holding the office of Director by the Securities and Exchange Board of India or any other authority.

The disclosure was made under Regulation 30 of the SEBI Listing Regulations regarding changes in management. The company stated that the required information under Part A of Schedule III of the Listing Regulations and the SEBI Master Circular dated January 30, 2026, is enclosed as an annexure to the filing.

Profile of the Director

Ms. Anou Singhvi holds a BFA in Applied Arts from the University of Rajasthan and studied Interior Design from Parsons School of Design, New York. She is a businesswoman and revivalist of Jewelled Textiles, managing the family-owned heritage luxury brand P. C. Lunia - Purveyors of Precious Objects D'Art.

A founding member of the NGO Srishti Art and Craft Society, she aims to empower artists and craftsmen from tier-2 cities in India. Her works as a visual and performing artist have been showcased at national venues, and her writings on spirituality, art, and jewellery have been published in the Times of India and Gems and Jewellery Magazine.

Key Appointment Details