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

Praxis Home Retail Limited has entered into a loan agreement with CMS IT Services Private Limited to secure an unsecured loan facility of ₹14.50 crore. The funds, intended for working capital requirements and general corporate purposes, may be drawn in one or more tranches on or before March 31, 2027. This financial arrangement provides the retailer with liquidity to manage operational expenses and strategic initiatives.

The inter-corporate loan carries an interest rate of 11% per annum and has an initial tenure of six months. The agreement includes a provision for extending this period subject to a mutual written agreement between the parties involved. As per the disclosures, the total amount sanctioned under this facility is ₹14.50 crore, with the company currently having drawn ₹4 crore against this limit.

Key Loan Details

The following table outlines the specific terms and current status of the loan facility:

The transaction was disclosed to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that CMS IT Services Private Limited is not related to the promoter or promoter group of Praxis Home Retail Limited, and the transaction is not classified as a related party transaction.