Praxis Home Retail Limited — Important, 12-08-2026: Disclosure of material issue

Praxis Home Retail (PRAXIS) is processing requests from several Promoter/Promoter Group entities and individuals to reclassify their shares to the 'Public' category.

**What's Happening:** The company received applications to reclassify approximately 7.21% of its total shares. Key entities seeking reclassification include Surplus Finvest Private Limited (3.24%), Avni Kishore Biyani (2.51%), and Sangita Kishore Biyani (1.24%). Notably, Future Corporate Resources Private Limited (0.22%), also part of this group, is currently undergoing a corporate insolvency resolution process.

**Investor Impact:** If approved, this move would significantly increase the company's public shareholding, potentially enhancing its free float in the market and aiding compliance with minimum public shareholding norms. It also signals a reduction in the official 'promoter' holding and influence within the company.

**Company's Response:** Praxis Home Retail will undertake the necessary actions to process these requests as per applicable regulatory requirements.

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