Praxis Home Retail reported a net loss of ₹6,661.49 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹3,497.85 lakh in the previous year. The company’s statutory auditors, Singhi & Co., highlighted a material uncertainty regarding the entity's ability to continue as a going concern, citing a negative net worth of ₹7,715.22 lakh and cash losses of ₹4,058.31 lakh for the year. Despite these conditions, the financial statements were prepared on a going concern basis based on management's assessment.

Revenue from operations for FY26 fell to ₹9,566.21 lakh from ₹11,896.96 lakh in the prior year. Total income also decreased to ₹10,752.07 lakh from ₹15,811.65 lakh in FY25. The company reported an exceptional item of ₹560 lakh for the year, primarily comprising a provision for expected credit loss (ECL) of ₹10,100 lakhs towards a security deposit receivable from a related party, netted off against waivers of inter-corporate deposits.

Financial Performance

The company’s total expenses for FY26 stood at ₹16,853.57 lakh, a reduction from ₹19,309.50 lakh in the previous year. Finance costs increased to ₹2,117.85 lakh from ₹1,671.54 lakh, while depreciation and amortization expenses decreased to ₹2,064.02 lakh from ₹2,745.48 lakh. The basic and diluted earnings per share (EPS) for the year were reported at ₹(4.03), compared to ₹(2.74) in FY25.

Liquidity and Capital Structure

The company raised ₹4,958.00 lakhs via a rights issue during the year, which was utilized for repayment of trade payables and general corporate purposes. Additionally, waivers of inter-corporate deposits and accrued interest totaling ₹9,540.00 lakhs were recorded. As of March 31, 2026, the company’s current liabilities exceeded its current assets by ₹5,994.33 lakhs. Cash and cash equivalents improved to ₹768.64 lakh from ₹172.14 lakh in the previous year.

Regulatory and Legal Matters

The company received a notice under the Insolvency and Bankruptcy Code, 2016 from an operational creditor, M/s. Koncepts Interior, regarding an alleged claim of ₹107 Lakhs. The matter is pending hearing before the National Company Law Tribunal (NCLT). Additionally, the Resolution Professional of Future Enterprises Limited (FEL) filed an interlocutory application claiming lease rentals of ₹4,577.35 lakhs, which the company is contesting. The auditors noted that the company had completed reconciliations and settlements of outstanding trade payables and assessed impairment of assets during the year.

Praxis Home Retail Ltd has closed its trading window for designated persons effective July 01, 2026, to comply with insider trading regulations ahead of its quarterly financial results. The restriction applies to the company's Promoters, Directors, Key Managerial Personnel, Designated Persons, their immediate relatives, and Specified Connected Persons. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026.

The closure follows the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code for the prevention of insider trading. This measure is intended to prevent the misuse of unpublished price-sensitive information during the period leading up to the results announcement.

Board Meeting and Results Declaration

The company has stated that the date of the Board Meeting for the consideration and declaration of the unaudited financial results for the quarter ending June 30, 2026, will be intimated in due course. The specific date for the results release has not yet been disclosed.

The communication was addressed to BSE Limited and the National Stock Exchange of India Limited to ensure the information is placed on record. Charu Srivastava, Company Secretary and Compliance Officer, signed the intimation on June 23, 2026.