Praxis Home Retail Limited — Important, 20-07-2025: Disclosure of material issue

Praxis Home Retail (PRAXIS) has applied to reclassify its 'Promoter/Promoter Group' shares into the 'Public' category with BSE and NSE. This strategic move, which follows prior board approval, aims to increase the company's public shareholding.

**The Issue:** The company is seeking to formally change the classification of a significant portion of shares from 'Promoter' to 'Public'.

**Possible Impact:** This reclassification can substantially increase the public float, potentially leading to improved stock liquidity and broader investor interest. It often makes the stock more accessible to a wider pool of investors, including institutional funds.

**Company's Response:** Praxis Home Retail has taken the necessary step by submitting the official application to both major stock exchanges following the Board's go-ahead.