Praxis Home Retail Limited — Others, 13-11-2024: Shareholders meeting

Praxis Home Retail Limited has announced a board meeting to conduct a postal ballot solely through remote e-voting. The cut-off date for eligibility is November 8, 2024, with the e-voting period set from November 15, 2024, to December 14, 2024. Key proposals include the appointment of Mr. Ashish Bhutda as a Director and as CEO & Whole-time Director for three years, with an annual remuneration ranging from ₹60 lakh to ₹90 lakh, plus five lakh stock options under the ESOP scheme. This move aims to strengthen management and drive strategic initiatives amid current financial challenges, potentially fostering a positive outlook among investors for operational recovery.