Praxis Home Retail Limited — Important, 12-01-2026: Disclosure of material issue

Praxis Home Retail (PRAXIS) is streamlining its operations by closing two 'operationally unviable' stores in Hyderabad (Gachibowli) and Kolkata (Rajarhat). These stores contributed approximately ₹12.07 Cr, or 10.14%, to the company's FY25 revenue. This strategic move is aimed at improving profitability, and management plans to explore new strategic locations for future expansion. #RetailSector #OperationalEfficiency

Separately, BSE has imposed a fine of ₹3.60 Lakhs (₹0.036 Cr) on Praxis Home Retail for a 17-day delay in submitting listing approval for equity shares allotted from warrant conversion. The company stated the delay was inadvertent and unintentional. #PRAXIS #RegulatoryCompliance