Praxis Home Retail Limited has entered into a loan agreement with CMS IT Services Private Limited to avail an unsecured loan amounting to ₹5.5 crore. The agreement was executed on May 22, 2026, pursuant to Regulation 30 of the SEBI LODR Regulations.

The funds raised through this inter-corporate loan will be utilized for the company's working capital requirements and general corporate purposes. The loan carries an interest rate of 11% per annum and is initially sanctioned for a period of six months, subject to extension via a mutual written agreement.

Key Details of the Agreement

The transaction does not involve any related parties, and no security has been provided for the loan. The total amount outstanding matches the sanctioned amount of ₹5.5 crore.

The company has confirmed that there is no shareholding in the lending entity, and the transaction does not fall within related party transactions. The information has been disclosed to the stock exchanges and is available on the company's website.

Praxis Home Retail has informed the stock exchanges of the cancellation of its Board of Directors meeting that was originally scheduled for Saturday, May 09, 2026. The cancellation intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Charu Srivastava, Company Secretary and Compliance Officer, on May 08, 2026.

Board Meeting Cancellation

In continuation of the company's earlier intimation dated May 04, 2026, the Board meeting — which was proposed to consider, approve, and take on record the audited financial results for the quarter and year ended March 31, 2026 — has been cancelled due to certain unavoidable circumstances. The company has stated that the revised date of the Board Meeting will be intimated in due course once it is finalised.

Key details of the cancellation are summarised below:

Trading Window Closure

Notwithstanding the cancellation of the Board meeting, the Trading Window closure remains in effect. As per the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders and the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window has been closed effective April 01, 2025 and will remain closed until the expiry of 48 hours from the date of publication of the audited financial results.

The intimation is also available on the company's official website at www.praxisretail.in .