Praxis Home Retail Limited — Board Meeting, 12-05-2025: Outcome of Board Meeting

Praxis Home Retail has announced a board meeting on the financial results for the quarter and half-year. The company posted a net loss of ₹34.98 Cr and cash loss of ₹45.42 Cr, with revenue dropping to ₹118.97 Cr from ₹219.58 Cr year-on-year. Liquidity remains tight, with current liabilities exceeding assets by ₹93.1 Cr. The company raised ₹12.88 Cr through preferential issue and warrants, and plans a rights issue to boost cash flow. Store closures and inventory gaps hit sales, but management is driving cost controls and operational efficiency. CFO resigned, and a successor is being sought.