Praxis Home Retail has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Saturday, May 09, 2026. The intimation has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting has been convened to consider, approve, and take on record the audited financial results of the company for the quarter and year ended March 31, 2026. The auditor's report, to be issued by the Statutory Auditors of the company, will also be placed before the Board during the meeting.

Key details of the board meeting are summarised below:

Trading Window Closure

In continuation of the company's earlier communication dated March 24, 2026, the Trading Window was closed effective April 01, 2026. Praxis Home Retail has informed the exchanges that the Trading Window shall remain closed until May 11, 2026, which is 48 hours after the public announcement of the audited financial results for the quarter and year ended March 31, 2026.

The notice of the board meeting is also available on the company's official website at https://praxisretail.in/ . The intimation was signed by Charu Srivastava, Company Secretary and Compliance Officer, on May 04, 2026.

Praxis Home Retail Limited has notified stock exchanges about the adjournment of its National Company Law Tribunal (NCLT) hearing scheduled in connection with an Insolvency and Bankruptcy Code (IBC) petition filed by operational creditor Koncepts Interior.

Hearing Adjournment Details

The NCLT Mumbai Bench hearing was originally scheduled for April 30, 2025, but has been rescheduled to June 23, 2026. The adjournment was granted after Koncepts Interior's advocate sought a short postponement due to the unavailability of their arguing counsel.

Background of IBC Proceedings

The Corporate Insolvency Resolution Process (CIRP) petition was initially filed by M/s. Koncepts Interior under section 9 of the Insolvency and Bankruptcy Code, 2016. The company had previously informed exchanges about this matter through intimations dating back to April 05, 2022, with the most recent update provided on May 06, 2025.

Financial Claims and Dispute Details

The operational creditor's demand and dispute particulars are outlined below:

Praxis Home Retail maintains that after deducting the disputed amount, the remaining sum falls below the minimum threshold required to initiate IBC proceedings.

Company's Position and Impact Assessment

The company has stated that the matter remains sub-judice and asserts there is no financial or operational impact on its business activities. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Company Secretary and Compliance Officer Charu Srivastava and submitted to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026.