Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Praxis Home Retail Limited

Meeting Details

The 15th Annual General Meeting was held on Friday, September 25, 2026, at 11:33 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Proceedings Summary

Mr. Ravi Venkatraman, Chairman of the Company, presided over the meeting. A total of 50 members were present at the meeting through video conferencing, comprising 4 from Promoter and Promoter Group and 45 from Public category. The meeting had requisite quorum present.

Key attendees included chairpersons of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. C.S. Muddaiah could not attend due to prior commitments. Representatives of Statutory Auditors Singhi & Co., Mr. Anant Gude (Secretarial Auditor and Scrutinizer), and key executives were present.

Voting Process

The Company provided remote e-voting facility from Tuesday, September 22, 2026, at 09:00 a.m. (IST) to Thursday, September 24, 2026, at 05:00 p.m. (IST). Facility to vote through electronic voting system was also made available during the AGM for members who had not cast votes through remote e-voting.

Resolutions Considered

Six resolutions were considered and passed:

Item No. 1 - Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with reports of Auditors and Directors thereon. Auditors' Report contained no qualifications.

Item No. 2 - Ordinary Resolution: To appoint Ms. Lynette Monteiro (DIN: 07901400), Non-Executive Director, who retires by rotation and offers herself for re-appointment.

Item No. 3 - Special Resolution: To appoint Mr. Rahul Gambhir (DIN: 02965566) as an Independent Director.

Item No. 4 - Special Resolution: To appoint Mr. Chetranda Somanna Muddaiah (DIN: 11765478) as an Independent Director.

Item No. 5 - Special Resolution: To appoint Mr. Mahesh Meenakshisundaram (DIN: 09796548) as an Independent Director.

Item No. 6 - Special Resolution: To approve amendment/variation of the Praxis Employee Stock Option Plan - 2024.

Voting Results

Overall Participation:

  • Record Date: September 18, 2026
  • Total shareholders on record date: 27,205
  • Total votes cast represented 21.9350% of outstanding shares

Resolution-wise Results:

Resolution 1 (Ordinary):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,757,563 (99.9983%)
  • Votes against: 426 (0.0017%)
  • Passed: Yes

Resolution 2 (Ordinary):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,757,283 (99.9983%)
  • Votes against: 706 (0.0017%)
  • Passed: Yes

Resolution 3 (Special):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,756,883 (99.9973%)
  • Votes against: 1,106 (0.0027%)
  • Passed: Yes

Resolution 4 (Special):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,757,283 (99.9983%)
  • Votes against: 706 (0.0017%)
  • Passed: Yes

Resolution 5 (Special):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,757,283 (99.9983%)
  • Votes against: 706 (0.0017%)
  • Passed: Yes

Resolution 6 (Special):

  • Total votes cast: 40,757,989 (21.9350% of outstanding shares)
  • Votes in favor: 40,757,480 (99.9988%)
  • Votes against: 509 (0.0012%)
  • Passed: Yes

Category-wise Voting Breakdown:

  • Promoter and Promoter Group: 1,343,149 shares held, 0 votes cast (0.0000% participation)
  • Public Institutions: 3,032,830 shares held, 0 votes cast (0.0000% participation)
  • Public Non-Institutions: 1,693,478 shares held, 407,579 votes cast (24.0676% participation)

Scrutinizer's Report

Mr. Anant Gude of Anant Gude & Associates (ACS Membership No. 7219) was appointed as Scrutinizer at the Board Meeting held on August 7, 2026. The scrutinizer report was issued on September 25, 2026.

The remote e-voting period was from September 22, 2026 (9:00 AM IST) to September 24, 2026 (5:00 PM IST) through NSDL e-voting platform. Votes were unblocked on September 25, 2026, at 1:45 PM (IST) in the presence of two witnesses: Mr. Milind Budhakar and Mr. Prashant Krishna Rane.

The scrutinizer confirmed that all resolutions secured requisite majority and recommended they be considered passed.

Compliance Confirmation

The AGM was conducted in compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant circulars from MCA and SEBI governing virtual meetings.

Additional Information

The documents including summary of proceedings, voting results, and scrutinizer's report were uploaded on the Company's website at https://praxisretail.hometown.in/.