Praxis Home Retail CEO, chairman, board of directors and AGM
NSE: PRAXISBSE: 540901RetailingSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹3.52.
27 Oct: open ₹3.68, high ₹3.69, low ₹3.50
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹69 Cr2,665th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- Net worth zero or below
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business.
- Net worth zero or below
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- Net worth zero or below
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 98,53894.9% delivered
Praxis Home Retail's chairperson is Ravi Venkatraman and its chief executive Shashwat Nigam, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 25 Sep 2026.
Praxis Home Retail board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRavi Venkatraman
- Chief executiveShashwat Nigam
- Company Secretary and Compliance OfficerCharu Srivastava
6 directors4 independent1 executive1 non-executive
- Ravi Venkatraman · ChairpersonIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 4 listed boards · 4 as independent · 9 committee seats, 5 as chair
- Lynette Robert MonteiroNon-executive · joined Apr 2023 · reappointed Jul 2023 · 41 months as independent · 2 listed boards · 1 committee seat, 1 as chair
- Rahul GambhirIndependent · joined Jun 2026 · reappointed Jun 2026 · 3 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Chetranda Somanna MuddaiahIndependent · joined Jun 2026 · reappointed Jun 2026 · 3 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Mahesh MeenakshisundaramIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Shashwat Nigam · Chief executiveExecutive · joined Jan 2026 · reappointed Jan 2026 · 8 months as independent · 1 listed board · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
5 directors who left
- Anou Singhvi, left 27 Jul 2026: Others
- Jacob Mathew, left 25 Mar 2026: Tenure Completion
- Vijai Singh Dugar, left 14 Mar 2026: Others
- Ashish Bhutda, left 2 Feb 2026: Others
- Samson Samuel, left 1 Oct 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 11 Sep 20266 of 6 present4 independent · 34 days in between
- 7 Aug 20266 of 6 present4 independent · 69 days in between
- 29 May 20264 of 4 present2 independent
Audit Committee
Chair Ravi Venkatraman
Rahul Gambhir, Chetranda Somanna Muddaiah, Mahesh Meenakshisundaram
- 7 Aug 20264 of 4 present4 independent · 69 days in between
- 29 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Mahesh Meenakshisundaram
Ravi Venkatraman, Rahul Gambhir, Chetranda Somanna Muddaiah
- 7 Aug 20264 of 4 present4 independent · 69 days in between
- 29 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Rahul Gambhir
Shashwat Nigam, Mahesh Meenakshisundaram, Chetranda Somanna Muddaiah
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Singhi & Co.Peer-review certificate valid to Aug 2028
1 earlier auditor
- Singhi and Co.Named in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Praxis Home Retail AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.
Annual general meeting, 25 Sep 2026
27,205 shareholders on the register on 18 Sep 2026; present: 4 promoters and 46 others; votes counted by Anant Gude / Anant Gude & Associates.
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
To appoint a director in place of Ms. Lynette Monteiro (DIN: 07901400), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
- To appoint Mr. Rahul Gambhir (DIN: 02965566) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
- To appoint Mr. Chetranda Somanna Muddaiah (DIN: 11765478) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
- To appoint Mr. Mahesh Meenakshisundaram (DIN: 09796548) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
- Approval for amendment/variation of the Praxis Employee Stock Option Plan – 2024Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 21.94% · promoters 0.00% · institutions 0.00% · other public 24.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Mar 2026, 3 resolutions
27,335 shareholders on the register on 30 Jan 2026; votes counted by Anant Gude / Anant Gude & Associates.The company's voting result
- To approve the appointment of Mr. Ravi Venkatraman (DIN: 00307328) as an Independent Director of the CompanySpecial92.00% for8.00% against
Against: other public 8.00%
Turnout: all 0.00% · other public 0.00%
- To approve the appointment of Mr. Shashwat Nigam (DIN:10277690) as a Director of the CompanyOrdinary92.00% for8.00% against
Against: other public 8.00%
Turnout: all 0.00% · other public 0.00%
- To approve the remuneration and appointment of Mr. Shashwat Nigam (DIN:10277690) as a CEO & Whole-time Director of the CompanySpecial91.20% for8.80% against
Against: other public 8.80%
Turnout: all 0.00% · other public 0.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 5 resolutions
27,588 shareholders on the register on 22 Sep 2025; present: 0 promoters and 42 others; votes counted by Anant Gude / Anant Gude & Associates.The company's voting result
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
- To appoint a director in place of Mr. Samsun Samuel (DIN: 07523995), Non-Executive Non-Independent Director, who retires by rotation and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
To appoint Mr. Anant Gude, of Anant Gude & Associates, Practicing Company Secretary as the Secretarial Auditor of the Company for a term of five (5) consecutive years commencing from the financial year 2025-26 upto financial year 2029-30MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · other public 100.00%
To approve Material Related Party Transactions involving waiver of loan and interest payable by the Company aggregating to Rs. 8,806.58 Lakhs (Rupees Eight Thousand Eight Hundred Six Lakhs and Fifty Eight Thousand only)MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: other public 0.00%
Turnout: all 100.00% · other public 100.00%
To approve Material Related Party Transactions involving borrowings by the Company aggregating to Rs. 3,345.08 lakhs (Rupees Three Thousand Three Hundred Forty-Five Lakhs only) on the terms that such loans shall carry interest @ 12% per annum and shall be repaid in three instalments)MoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: other public 0.00%
Turnout: all 100.00% · other public 100.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 13 Mar 2025, 1 resolution
26,203 shareholders on the register on 6 Mar 2025; present: 2 promoters and 35 others; votes counted by Anant Gude & Associates / Anant Gude.The company's voting result
- Issue of Equity Shares on Preferential basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 28.97% · promoters 98.72% · institutions 0.00% · other public 6.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Dec 2024, 2 resolutions
- Appointment of Mr. Ashish Bhutda (DIN:10810844) as a DirectorOrdinary99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 20.02%
Turnout: all 28.28% · promoters 98.82% · institutions 0.00% · other public 0.38%
- Appointment of Mr. Ashish Bhutda (DIN: 10810844) as a CEO & Whole-time DirectorSpecial99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 20.02%
Turnout: all 28.28% · promoters 98.82% · institutions 0.00% · other public 0.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Sep 2024, 3 resolutions
Present: 2 promoters and 39 others.
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary99.60% for0.40% againstAgainst: promoters 0.00% · institutions 0.00% · other public 32.52%
Turnout: all 29.58% · promoters 98.87% · institutions 0.00% · other public 0.54%
- To appoint a director in place of Ms. Lynette Robert Monteiro (DIN:07901400), Non-Executive Non-Independent Director, who retires by rotation and being eligible, offers herself for re-appointmentOrdinary99.82% for0.18% against
Against: promoters 0.00% · institutions 0.00% · other public 14.43%
Turnout: all 29.58% · promoters 98.87% · institutions 0.00% · other public 0.54%
- To appoint Mr. Vijai Singh Dugar (DIN: 06463399) as an Independent DirectorSpecial99.82% for0.18% against
Against: promoters 0.00% · institutions 0.00% · other public 14.33%
Turnout: all 29.58% · promoters 98.87% · institutions 0.00% · other public 0.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 29 Aug 2024, 1 resolution
- Increase the Authorised Share Capital and consequent amendment to the Memorandum ofnAssociation of the CompanyOrdinary98.90% for1.10% against
Against: promoters 0.00% · institutions 0.00% · other public 5.94%
Turnout: all 4.83% · promoters 11.87% · institutions 0.00% · other public 1.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 27 Apr 2024, 3 resolutions
Present: 5 promoters and 32 others.
- 1 - To issue Convertible Warrants on a Preferential BasisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 33.40% · promoters 100.00% · institutions 0.00% · other public 0.39%
- 2 - To approve ‘Praxis Employee Stock Option Plan 2024’ and grant of Employee Stock Options to the employees of the Company- Special ResolutionSpecial99.84% for0.16% against
Against: promoters 0.00% · institutions 0.00% · other public 21.18%
Turnout: all 33.40% · promoters 100.00% · institutions 0.00% · other public 0.39%
- To grant Employee Stock Options to the employees of the Subsidiary(ies) under ‘Praxis Employee Stock Option Plan 2024.Special99.84% for0.16% against
Against: promoters 0.00% · institutions 0.00% · other public 21.22%
Turnout: all 33.40% · promoters 100.00% · institutions 0.00% · other public 0.39%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeDirectorate General of Anti Profeetering (GST)Since 27 Nov 2020
The GST Appellate Tribunal, vide its order dated October 14, 2026, in the matter of DGAP v. Praxis Home Retail Limited, bearing Case No. NAPA/20/PB/2025, has accepted the investigation report dated March 29, 2023, submitted by the Director General of Anti-Profiteering (DGAP). The Tribunal has directed the Company to pass on or deposit the determined profiteered amount of ₹3,67,88,027, along with applicable interest at the rate of 18%, in accordance with the directions contained in the order. Out of the aforesaid amount, ₹21,200, together with applicable interest, is attributable to the identifiable complainant and is required to be passed on to the complainant. The balance amount of ₹3,67,66,827, together with applicable interest, is required to be deposited in the respective Consumer Welfare Funds. The Tribunal has not imposed any penalty under Section 171(3A) of the Central Goods and Services Tax Act, 2017, as the relevant period predates the coming into force of the said provision. However, the Company is evaluating all options including filing an appeal with the appropriate authority against the order.MoreLess
At the filing before: The matter is sub-judice and final order is awaited.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Spent elsewhere, amount | Reason and comments |
|---|---|---|---|---|---|---|---|
| Rights IssuesAug 2025 | 49.58 | To reduce the current liabilities by repaying part of our borrowings | 10.00 | 10.00 | Yes | The deviation/variation pertains only to reallocation of funds among the stated objects of the Rights Issue. The amount of Rs. 7.42 Lakhs originally allocated towards Issue Related Expenses was utilized towards Repayment of outstanding trade payables under current liabilities and General Corporate Purposes. There is no deviation in the overall utilization of issue proceeds from the objects stated in the Letter of Offer.MoreLess | |
| Rights IssuesAug 2025 | 49.58 | To reduce the current liabilities by repaying part of our outstanding Trade payables | 28.01 | 28.01 | Yes | 0.01 | The deviation/variation pertains only to reallocation of funds among the stated objects of the Rights Issue. The amount of Rs. 7.42 Lakhs originally allocated towards Issue Related Expenses was utilized towards Repayment of outstanding trade payables under current liabilities and General Corporate Purposes. There is no deviation in the overall utilization of issue proceeds from the objects stated in the Letter of Offer.MoreLess |
| Rights IssuesAug 2025 | 49.58 | General Corporate Purposes | 10.60 | 10.60 | Yes | 0.06 | The deviation/variation pertains only to reallocation of funds among the stated objects of the Rights Issue. The amount of Rs. 7.42 Lakhs originally allocated towards Issue Related Expenses was utilized towards Repayment of outstanding trade payables under current liabilities and General Corporate Purposes. There is no deviation in the overall utilization of issue proceeds from the objects stated in the Letter of Offer.MoreLess |
| Rights IssuesAug 2025 | 49.58 | Issue related expenses | 0.97 | 0.97 | Yes | 0.07 | The deviation/variation pertains only to reallocation of funds among the stated objects of the Rights Issue. The amount of Rs. 7.42 Lakhs originally allocated towards Issue Related Expenses was utilized towards Repayment of outstanding trade payables under current liabilities and General Corporate Purposes. There is no deviation in the overall utilization of issue proceeds from the objects stated in the Letter of Offer.MoreLess |