Praxis Home Retail Limited has formally notified stock exchanges about the resignation of its CEO and Whole Time Director, Mr. Ashish Bhutda, marking a significant leadership change at the retail company.

Leadership Transition Details

The company disclosed the resignation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Bhutda, who holds Director Identification Number (DIN) 10810844, submitted his resignation to pursue opportunities outside the organization.

Regulatory Compliance

The resignation notification was sent to both BSE Limited and National Stock Exchange of India Limited on February 02, 2025. The company provided comprehensive documentation including the required information under SEBI regulations and attached the original resignation letter as supporting evidence.

Key regulatory details include:

• BSE Scrip Code: 540901
• NSE Symbol: PRAXIS
• Compliance: Regulation 30 of SEBI LODR Regulations 2015
• Additional Reference: SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Resignation Communication

In his resignation email dated November 21, 2025, Mr. Bhutda addressed the board members expressing gratitude for the support and guidance received during his tenure. He assured full cooperation during the transition period to ensure smooth handover of responsibilities.

Company Confirmation

Praxis Home Retail Limited confirmed that Mr. Bhutda provided no additional material reasons for his resignation beyond those stated in his formal letter. The company has made this information available on its official website at www.praxisretail.in , ensuring transparency with stakeholders.

The notification was signed by Company Secretary and Compliance Officer Charu Srivastava, who handled the regulatory filing process. The company emphasized its commitment to maintaining proper governance standards during this leadership transition.

Praxis Home Retail Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing continued operational challenges with widened losses compared to the previous year. The home retail company's financial performance showed deterioration across key metrics during the third quarter of fiscal year 2026.

Financial Performance Overview

The company's financial results for Q3 FY26 demonstrate significant challenges in its operational performance. The comprehensive financial data reveals both revenue decline and increased losses compared to the corresponding period in the previous fiscal year.

Operational Results

The company's total income from operations declined to ₹3,036.51 lakh in Q3 FY26 from ₹3,398.73 lakh in the corresponding quarter of the previous year, representing a decrease of approximately 10.7%. This revenue decline indicates challenges in the company's core retail operations and market positioning.

The net loss for the period expanded significantly to ₹1,589.10 lakh in Q3 FY26 compared to ₹833.16 lakh in Q3 FY25, reflecting operational difficulties and increased cost pressures. The loss figures remained consistent both before and after tax, indicating no tax benefits during the quarter.

Capital Structure and Share Performance

The company's equity share capital increased substantially to ₹9,290.61 lakh as of December 31, 2025, compared to ₹6,760.91 lakh in the previous year. Each share carries a face value of ₹5. Despite the increased capital base, the earnings per share deteriorated to ₹(0.86) in Q3 FY26 from ₹(0.64) in Q3 FY25.

Total comprehensive income for the period showed ₹3.28 lakh, which remained unchanged from the previous comparable period, indicating minimal impact from other comprehensive income items.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported total income from operations of ₹7,824.54 lakh. The net loss for this extended period reached ₹4,668.36 lakh after tax, with earnings per share of ₹3.07 for the nine-month period.

Corporate Governance and Compliance

The Board of Directors, led by Chief Executive Officer and Whole-Time Director Ashish Bhatia, approved these financial results during their meeting held on January 30, 2026. The company has fulfilled its regulatory obligations by publishing the results in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The complete financial results are available on the company's website at www.praxisretail.in and on stock exchange platforms including BSE Limited and National Stock Exchange of India Limited. The company has also provided Quick Response Code access for stakeholder convenience, demonstrating its commitment to transparency and regulatory compliance.