Praxis Home Retail Limited — Important, 13-03-2025: Committee Meeting Updates

Praxis Home Retail Limited has announced a board meeting regarding its planned Rights Issue. The company intends to issue up to 49,580,000 fully paid-up equity shares at an issue price of Rs. 10 each, aggregating to Rs. 49.58 crore, assuming full subscription. The record date for eligible shareholders is set for March 20, 2025, with a rights entitlement ratio of 11 new shares for every 30 shares held. This move aims to bolster its capital base, increasing paid-up capital from Rs. 67.61 crore to Rs. 92.40 crore. Investors may view this as a potential opportunity for capital growth amid a positive outlook for future financing.