Praxis Home Retail Limited has scheduled its 15th Annual General Meeting (AGM) for September 25, 2026. The meeting will commence at 11:30 am and be conducted through video conferencing or other audio-visual means, in compliance with the Companies Act, 2013 and SEBI regulations.

Meeting Details

The AGM will transact ordinary and special business as outlined in the notice convening the meeting. Shareholders are not required to be physically present at a common venue. The company will send the AGM Notice and the Annual Report for FY25-26 electronically to members who have registered their email addresses.

For members who have not registered their email addresses with the company, its Registrar and Transfer Agent (RTA), or any Depository/Depository Participant, a letter containing the web-link to the complete details of the Notice and Annual Report will be sent in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations.

Document Availability

The AGM Notice and related documents, including the Board Report, Auditors Report, and Financial Statements, will be available on:

• The company’s website: https://praxisretail.hometown.in/
• Stock exchange websites: BSE Limited ( www.bseindia.com ) and National Stock Exchange of India Limited ( www.nseindia.com )
• RTA website: https://in.mpmns.mufg.com
• NSDL e-voting website: www.evoting.nsdl.com

E-Voting Process

Members will have the opportunity to cast their votes on the businesses set out in the AGM Notice through an electronic voting system. Remote e-voting facilities will be provided for members holding shares in dematerialised mode, physical mode, and those without registered email addresses. Detailed instructions for remote e-voting are included in the AGM Notice.

Members attending the AGM via video conferencing who have not cast their votes remotely and are otherwise eligible may vote through the e-voting system during the meeting.

Shareholder Updates

Members holding shares in physical form are requested to update their bank details, email addresses, correspondence addresses, and mandates by contacting the RTA, MUFg Intime India Private Limited (formerly Link Intime India Private Limited). Members holding shares in dematerialised form should approach their respective Depository Participants for such updates.

Praxis Home Retail Ltd informed stock exchanges on August 18, 2026, that the National Stock Exchange of India Limited (NSE) has rejected its application for reclassifying specific promoter and promoter group shares to the public category. The rejection follows the exchange's observation that queries and clarifications raised during the review process remained unaddressed despite multiple follow-ups, leading to a closure due to prolonged submission delays.

The company stated that it was in the process of collating requisite documents and information from concerned stakeholders to address the exchange's concerns. However, the NSE returned the application, noting that it could not be considered under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange informed the company that it may submit a fresh application along with a complete set of documents and applicable fees if it intends to pursue the matter further.

Background of Reclassification Request

The initial disclosure regarding the reclassification requests was made on June 9, 2025, followed by a revised filing on August 12, 2026, which provided detailed shareholding data for the entities seeking status change. The applications pertained to various promoter and promoter group members, including individuals such as Avni Kishore Biyani, Sangita Kishore Biyani, and entities like Surplus Finvest Private Limited and Future Corporate Resources Private Limited.

The following table outlines the key entities involved in the reclassification request as per the earlier disclosures:

*Future Corporate Resources Private Limited is under corporate insolvency resolution process pursuant to the order dated September 24, 2024.

Regulatory Implications

Regulation 31A of the SEBI LODR Regulations allows promoters or promoter group members to apply for reclassification to the public category if they meet specific conditions, including a reduction in shareholding below certain thresholds. The rejection of this application means the current promoter classification remains unchanged for regulatory reporting purposes. This status quo preserves existing lock-in requirements and disclosure obligations associated with these holdings.

Charu Srivastava, Company Secretary and Compliance Officer (ACS No. 27108), signed the intimation letter dated August 18, 2026. The company confirmed it is evaluating the next course of action in relation to the proposed reclassification, which may involve filing a new application with the necessary documentation and fees.