Praxis Home Retail Limited has announced the grant of 5,00,000 stock options to eligible employees under its Employee Stock Option Plan 2024. The company's Nomination and Remuneration Committee approved this grant during its meeting held on April 07, 2026.

Stock Option Grant Details

The committee meeting, which commenced at 4:05 p.m. and concluded at 4:16 p.m., approved the grant with specific terms and conditions. The stock options have been granted at an exercise price of Rs. 5 per option, which matches the face value of the company's equity shares.

Vesting Schedule and Exercise Period

The granted options follow a three-year vesting schedule designed to retain employees over the long term. The vesting structure provides a front-loaded approach with the largest portion vesting in the first year.

Employees can exercise their vested options within a period of three years from the respective vesting dates, providing flexibility in timing their exercise decisions.

Scheme Compliance and Terms

The Employee Stock Option Plan 2024 complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme includes comprehensive provisions for various employment scenarios including death, permanent incapacity, resignation, termination, and retirement.

The plan also incorporates adjustment mechanisms for corporate actions such as:

• Rights issues and bonus issues
• Stock splits or consolidation of equity shares
• Mergers, amalgamations, or sale of divisions
• Other corporate reorganizations

Equity shares allotted upon exercise of the stock options will not be subject to any lock-in restrictions, providing immediate liquidity to employees upon exercise.

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.