Praxis Home Retail has witnessed significant shareholding changes as 2015 Grover Family Trust filed mandatory disclosures under SEBI's substantial acquisition regulations. The trust, acting in concert with CMS Computers Ltd, reported major equity transactions that substantially altered their collective stake in the retail company.

Transaction Overview

The shareholding changes occurred through open market transactions executed on December 8, 2025. The disclosure reveals a complex series of transactions involving both the acquisition and disposal of equity shares by the parties acting in concert.

Shareholding Pattern Changes

The transactions resulted in a significant reduction in the combined holding of the acquirer group. Prior to these transactions, the 2015 Grover Family Trust and CMS Computers Ltd collectively held 90,00,000 shares, representing 4.87% of the total voting capital.

Following the completion of these transactions, their combined shareholding has decreased to 28,83,044 shares, representing 1.56% of the total voting capital and 1.52% of the diluted share capital.

Company Capital Structure

Praxis Home Retail's equity share capital remains unchanged at 18,49,10,684 equity shares of face value ₹5.00 each, aggregating to ₹92,45,53,420.00. The total diluted share capital stands at 18,99,18,313 equity shares, aggregating to ₹94,95,91,565.00, accounting for outstanding convertible securities and warrants.

Regulatory Compliance

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Universal Trustees Private Limited, acting as trustee for the 2015 Grover Family Trust, submitted the required documentation to both BSE Limited and The National Stock Exchange of India Limited on December 10, 2025.

The filing confirms that the acquirer group does not belong to the promoter or promoter group category of Praxis Home Retail Limited. All transactions were conducted through open market operations, ensuring transparency and regulatory compliance in the shareholding changes.

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.

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.

Company Financial Overview

To provide context for this shareholding activity, the company's financial position based on recent balance sheet data shows mixed indicators.

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.