Praxis Home Retail Limited — Important, 23-06-2026: Updates

Praxis Home Retail reported a ₹66.61 Cr net loss for the year. Auditors cite going concern doubts due to negative net worth (₹77.15 Cr) and ₹40.58 Cr cash loss. The company had a ₹101 Cr write-off for a security deposit but received a ₹95.40 Cr waiver of inter-corporate deposits. ₹49.58 Cr was raised via rights issue to boost liquidity.