Praxis Home Retail Limited — Important, 02-09-2025: Disclosure of material issue

Praxis Home Retail's board has approved significant debt waivers from related parties, a major step to strengthen its balance sheet.

* **Key Action:** Loans totaling **₹88.07 Cr** from related parties and **₹7.33 Cr** from Unique Malls Private Limited have been waived. The board also approved amendments to terms of other inter-corporate borrowings from related parties.

* **Impact:** This substantial debt reduction is poised to significantly improve the company's financial health and reduce liabilities.

* **Next Steps:** These crucial financial decisions, along with the appointment of Mr. Anant Gude as Secretarial Auditor for 5 years, require shareholder approval at the 14th Annual General Meeting (AGM) on September 29, 2025. The cut-off date for e-voting eligibility is September 22, 2025.