Praxis Home Retail Limited has announced the resignation of Mr. Ketan Gandhalikar, Category Head, effective from the close of business hours on January 02, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this senior management personnel change under Regulation 30 of SEBI (LODR) Regulations, 2015.

Resignation Details

Mr. Ketan Gandhalikar, who served as Category Head and Head-Furniture Buying, submitted his resignation on October 15, 2025, citing personal reasons and better opportunities outside the company. The resignation follows proper regulatory compliance procedures as required for senior management personnel under SEBI regulations.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Charu Srivastava signed the official communication to stock exchanges on January 03, 2026.

Mr. Gandhalikar confirmed that there are no other material reasons for his departure beyond those mentioned in his resignation letter. The resignation was addressed to Ashish Bhutda, CEO & Whole Time Director of Praxis Home Retail Limited.

Company Information

Praxis Home Retail Limited operates in the retail sector and is listed on both BSE (Scrip Code: 540901) and NSE (Symbol: PRAXIS). The company has maintained transparency in its disclosure practices by promptly informing investors about this senior management change through proper regulatory channels.

Praxis Home Retail Limited has strengthened its board governance by appointing Mr. Ravi Venkatraman as Additional Independent Director, effective December 30, 2025. The appointment was approved through a board circulation resolution passed on December 29, 2025, following the recommendation of the company's Nomination & Remuneration Committee.

Appointment Details

The key parameters of Mr. Venkatraman's appointment are outlined below:

Professional Background

Mr. Ravi Venkatraman brings extensive expertise to the board with his distinguished career spanning over four decades in the Banking, Financial Services, and Insurance (BFSI) sector. He holds qualifications as a Cost Accountant (ICWA) and Commerce graduate, providing a strong foundation for his financial expertise.

His most recent executive role was as Executive Director & Chief Financial Officer of Mahindra & Mahindra Financial Services Limited, where he served until his retirement in July 2020. During his tenure, he played a pivotal role in multiple strategic areas including corporate strategy, capital raising, governance, risk management, regulatory engagement, and technology transformation.

Key Contributions and Experience

Mr. Venkatraman was instrumental in establishing and growing several Mahindra Group financial services entities:

• Mahindra Rural Housing Finance
• Mahindra Insurance Brokers
• Mahindra Manulife Mutual Fund
• Mahindra Finance USA

As a respected board professional, he has served on boards of multiple listed and unlisted companies across diverse sectors including financial services, insurance, asset management, fintech, and banking. He continues to hold independent directorships and advisory roles, bringing valuable governance experience to his new position.

Regulatory Compliance

The appointment complies with all regulatory requirements under SEBI regulations. Mr. Venkatraman is not related to any existing directors of the company and is not debarred from holding directorship by SEBI or any other regulatory authority. His appointment as Independent Director will be subject to approval by shareholders in the company's general meeting.

Recognition and Achievements

Throughout his career, Mr. Venkatraman has received numerous national and international recognitions for excellence in finance, leadership, and corporate governance, underlining his expertise and contribution to the financial services industry.