Praxis Home Retail Limited has disclosed the outcome of the Committee of Directors meeting held on November 12, 2026, regarding its proposed rights issue. This is a regulatory filing under Regulation 30 and Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Quantitative Figures

  • Instrument: Fully paid-up equity shares of face value ₹5 each
  • Total Number of Shares: 10,32,29,005 Rights Equity Shares
  • Rights Issue Size: ₹51,61,45,025 (Rupees Fifty One Crores Sixty One Lakhs, Forty Five Thousand and Twenty Five only) assuming full subscription
  • Rights Issue Price: ₹5 per Rights Equity Share
  • Pre-Rights Issue Share Capital: 18,58,12,210 equity shares
  • Post-Rights Issue Share Capital: 28,90,41,215 equity shares (assuming full subscription)
  • Rights Entitlement Ratio: 5 Rights Equity Shares for every 9 fully paid-up Equity Shares held on Record Date
  • ISIN for Rights Entitlement: INE546Y20048

Dates and Timeline

  • Record Date: November 18, 2026
  • Last Date for Credit of Rights Entitlements: November 19, 2026
  • Issue Opening Date: November 27, 2026
  • Last Date for On-Market Renunciation of Rights Entitlements: November 30, 2026
  • Issue Closing Date: December 4, 2026
  • Finalisation of Basis of Allotment: On or about December 7, 2026
  • Allotment of Shares: On or about December 7, 2026
  • Credit of Equity Shares: On or about December 7, 2026
  • Listing of Shares: On or about December 7, 2026

Terms and Conditions

  • The full amount of the Rights Equity Shares is payable as per application
  • Eligible Equity Shareholders must ensure off-market renunciation is completed so Rights Entitlements are credited to renouncees' demat accounts on or before the Issue Closing Date
  • The Board or Committee of Directors retains the right to extend the Issue Period by up to 30 days from the Issue Opening Date
  • No withdrawal of applications is permitted after the Issue Closing Date

Meeting Details

The Committee of Directors meeting commenced at 16:00 Hours (IST) and concluded at 17:15 Hours (IST) on November 12, 2026.

Capital Structure Impact

The rights issue will result in significant dilution assuming full subscription, increasing the total number of equity shares from 18.58 crore to 28.90 crore shares.

Financial Impact

The rights issue is expected to raise up to ₹51.61 crore in equity capital for the company, subject to subscription levels.