Praxis Home Retail: Mathew Cyriac Acquires 2.64% Stake Worth ₹24.40 Crore
Praxis Home Retail has seen significant shareholding activity with Mathew Cyriac and Elimat Advisors acquiring 48,80,000 shares (2.64% stake) worth approximately ₹24.40 crore through open market purchase, subsequently pledging these shares as security. This transaction increases their combined holding to 20.46% of the company's total equity, with 17.82% now under encumbrance arrangements.
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Praxis Home Retail Limited , a company operating in the retail sector, has witnessed significant shareholding activity by its key stakeholders. Recent regulatory filings reveal fresh share acquisitions followed by pledging arrangements that impact the company's ownership structure.
Share Acquisition and Pledge Details
Mathew Cyriac and Elimat Advisors Private Limited have made substantial moves in Praxis Home Retail's equity. The latest disclosure under SEBI regulations reveals both acquisition and subsequent pledging of shares.
| Transaction Details | Specifications |
|---|---|
| Shares Acquired | 48,80,000 equity shares |
| Acquisition Percentage | 2.64% of total equity |
| Acquisition Date | December 8, 2025 |
| Acquisition Mode | Open Market |
| Pledging Date | December 9, 2025 |
| Face Value per Share | ₹5.00 |
Updated Shareholding Pattern
Following the recent acquisition, the combined holding of Mathew Cyriac and Elimat Advisors Private Limited has increased significantly. The updated shareholding structure shows their enhanced stake in the company.
| Shareholding Category | Number of Shares | Percentage of Equity |
|---|---|---|
| Total Shares Held | 3,78,36,000 | 20.46% |
| Shares in Encumbrance | 3,29,56,000 | 17.82% |
| Recent Acquisition | 48,80,000 | 2.64% |
| Total Paid-up Capital | 18,49,10,684 shares | 100.00% |
Company Financial Overview
To provide context for this shareholding activity, the company's financial position based on recent balance sheet data shows mixed indicators.
| Financial Metric | Value (in ₹ crore) | Year-on-Year Change |
|---|---|---|
| Total Assets | 313.40 | -1.82% |
| Current Assets | 171.50 | -7.60% |
| Fixed Assets | 137.10 | +14.44% |
| Total Liabilities | 374.80 | +3.37% |
| Shareholders' Equity | -61.50 | +42.36% (negative) |
The company's balance sheet indicates challenging financial conditions with negative shareholders' equity of ₹61.50 crore, suggesting liabilities exceed assets. However, fixed assets have shown positive growth of 14.44% year-on-year.
Market Implications
The acquisition of 48,80,000 shares through open market purchases, followed by immediate pledging, indicates strategic financial planning by the promoter group. With the total diluted share capital standing at 18,99,18,313 equity shares, this transaction represents a meaningful addition to their existing stake.
The pledging arrangement with Catalyst Trusteeship Limited as security trustee for lenders suggests these shares serve as collateral for financing arrangements. Investors should monitor how these shareholding changes and the company's financial position may influence future business strategies and market performance.
Historical Stock Returns for Praxis Home Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.10% | -4.66% | -5.92% | -23.44% | -49.56% | -44.11% |
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