Praxis Home Retail Limited — Important, 14-02-2025: Updates

Praxis Home Retail Limited has provided an update regarding its planned preferential issue of equity shares. The Board has approved the issuance of 52,88,900 equity shares, each with a face value of ₹5, at an issue price of ₹23.19 per share. This totals approximately ₹12.26 crore.

The shares will be issued to various investors, including A B M Wood Décor Private Limited, Bianca Home LLP, Furniture Kraft International Private Limited, Space Wood Furnishers Private Limited, and Peps Industries Private Limited, none of whom belong to the promoter group. The Extra Ordinary General Meeting is scheduled for March 13, 2025, where further details can be finalized. This capital raise could bolster the company's financial position and foster future growth opportunities, making it a development to watch closely.