Praxis Home Retail Limited — Others, 09-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Future Enterprises Limited's Resolution Professional has filed an Interlocutory Application against Praxis Home Retail Limited, claiming a refund of ₹45.77 crore related to lease rentals for in-store assets. Praxis holds a security deposit of ₹101 crore from FEL and contends that the claim is incorrect, anticipating no adverse impact on its operations. The company plans to seek legal advice on the matter. Investors may view this as a neutral impact, given the company’s belief in the validity of its position and its proactive approach to address the claim.