Praxis Home Retail
8.58
-0.39(-4.35%)
Market Cap₹158.65 Cr
PE Ratio3.97
IndustryRetail
Company Performance:
1D-4.35%
1M-17.58%
6M-33.95%
1Y-57.59%
5Y-59.22%
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More news about Praxis Home Retail
03Dec 25
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.
12Nov 25
Praxis Home Retail Faces ₹219.55 Crore Legal Challenge Over Lease Agreement
Praxis Home Retail Limited (PHRL) is facing a legal dispute at the NCLT Mumbai Bench. Aegis Resolution Services, acting for Ojas Tradelease and Mall Management, has filed an application challenging a lease agreement worth ₹219.55 crore. The contested lease, signed on March 23, 2022, involves a monthly rent of ₹2,00,000 or 4% revenue share, whichever is higher, with a 21-year lock-in period. The Resolution Professional seeks to annul the lease, regain possession of the premises, and demands ₹219.55 crore for alleged losses. The next hearing is set for December 4, 2025, where PHRL must file its reply. The company is seeking legal advice and cannot yet determine the financial implications of this litigation.
10Nov 25
Praxis Home Retail Converts 9 Lakh Warrants, Forfeits 36 Lakh Unexercised Warrants
Praxis Home Retail Limited (PHRL) converted 901,526 warrants to equity shares at Rs. 43.26 per warrant on November 10, 2025. The company forfeited 3,606,103 unexercised warrants held by Bennett, Coleman & Co. Limited. Out of the original Rs. 4.88 crores received, Rs. 3.90 crores was appropriated for allotment, and Rs. 3.90 crores was forfeited. PHRL stated no change in capital structure due to this action.
04Nov 25
Praxis Home Retail Faces Legal Challenge Over Lease Deed Validity
Praxis Home Retail Limited (PHRL) is facing a legal challenge at the NCLT Mumbai Bench. Aegis Resolution Services, acting for Ojas Tradlease and Mall Management, has filed an application seeking to declare a lease deed dated March 23, 2022, as fraudulent and onerous. The application also demands compensation from PHRL. The NCLT has not yet admitted the application. PHRL is seeking legal advice and plans to defend its position. The financial impact remains uncertain pending the NCLT proceedings. PHRL has disclosed this information in compliance with SEBI regulations.
01Oct 25
Praxis Home Retail Shareholders Approve Key Appointments at AGM
Praxis Home Retail Limited held its 14th AGM on September 29, 2025. Shareholders approved the re-appointment of Mr. Samsun Samuel as Non-Executive Non-Independent Director and appointed Mr. Anant Gude as Secretarial Auditor for five years. Two material related party transactions were approved: a loan waiver of Rs. 8,806.58 lakhs and borrowings of Rs. 3,345.08 lakhs at 12% interest. All resolutions received 99.99% votes in favor.
09Sept 25
Mangal Bhanshali's Stake in Praxis Home Retail Diluted to 9.49% After Rights Issue
Mangal Bhanshali's shareholding in Praxis Home Retail Ltd. decreased from 12.98% to 9.49% following a rights issue, despite maintaining his 1,75,47,494 shares. The company allotted 4,98,00,000 new equity shares on August 26, 2025, expanding its total equity share capital to 18,49,15,902 shares. Bhanshali filed a disclosure under SEBI regulations on September 6, 2025, detailing the change in shareholding percentage due to the corporate action.
04Aug 25
Praxis Home Retail Limited Completes Rights Issue Dispatch, Sets Stage for ₹49.58 Crore Fundraise
Praxis Home Retail Limited (PRHL) has completed the dispatch of documents for its upcoming rights issue, aiming to raise up to ₹49.58 crore. The company is offering equity shares with a face value of ₹5.00 at ₹10.00 per share, in the ratio of 11:30 to existing shareholders. The issue opens on August 7, 2025, and closes on August 18, 2025, with a record date of March 20, 2025. Shareholders can access application forms through various online platforms if not received directly.
30Jul 25
Praxis Home Retail Announces Rights Issue Schedule for August 2025
Praxis Home Retail Limited has released the schedule for its upcoming rights issue. The issue will open on August 7, 2025, and close on August 18, 2025, with the last date for on-market renunciation set for August 12, 2025. The record date is March 20, 2025. The company will dispatch offer letters to eligible shareholders, and the board retains the right to extend the issue period up to 30 days from the opening date. Shareholders are advised to complete off-market renunciation before the closing date.
13Mar 25
Praxis Home Retail Unveils Rs 495.8 Crore Rights Issue at Rs 10 Per Share
Praxis Home Retail Limited (PHRL) has announced a rights issue to raise up to Rs 495.8 crore. The company will issue up to 4,95,80,000 equity shares at Rs 10 per share, with a rights entitlement ratio of 11:30. The record date is set for March 20, 2025. If fully subscribed, the issue will increase the company's paid-up capital by 36.7%. The funds are intended to strengthen PHRL's financial position and support growth initiatives.
Praxis Home Retail
8.58
-0.39
(-4.35%)
1 Year Returns:-57.59%
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