Change in Director / Key Managerial Personnel

  • Nature of Change: Appointment of three Independent Directors - Mr. Rahul Gambhir, Mr. Chetranda Somanna Muddaiah, and Mr. Mahesh Meenakshisundaram.
  • Appointment Details:
  • Mr. Rahul Gambhir (DIN: 02965566): Appointed for five years from June 13, 2026 to June 12, 2031
  • Mr. Chetranda Somanna Muddaiah (DIN: 11765478): Appointed for five years from June 13, 2026 to June 12, 2031
  • Mr. Mahesh Meenakshisundaram (DIN: 09796548): Appointed for five years from July 03, 2026 to July 02, 2031
  • Approval Process: Appointments were based on recommendation of Nomination and Remuneration Committee and approval of Board of Directors, with final shareholder approval obtained at Annual General Meeting held on September 25, 2026.

Director Profiles and Qualifications

Mr. Rahul Gambhir:

  • Over 30 years of leadership experience across renowned consumer brands
  • Proven track record in business growth, transformation, and turnaround management
  • Held senior leadership positions with Johnson & Johnson, Tommy Hilfiger, Red Bull, Twinings, and Monster Energy
  • Expertise spans strategic planning, sales and marketing, business development, channel management, organizational leadership, and operational excellence
  • Educational qualifications: B.Tech. from Birla Institute of Technology and Science, Pilani and Post Graduate Diploma in Management (Marketing) from Indian Institute of Management Bangalore
  • Currently engaged in consulting business advising mid-sized enterprises and technology-driven companies on growth strategy, market expansion, channel development, and business transformation initiatives

Mr. Chetranda Somanna Muddaiah:

  • Extensive operating and leadership experience in business scaling, omnichannel strategy, profitable growth, and organization building
  • Combines strategic thinking with leadership mentoring and performance transformation
  • Worked across retail, lifestyle, and consumer-facing businesses
  • Held leadership positions with Nicobar Design and 24Seven Convenience Stores
  • Previously associated with Future Group, Bharti Walmart, Barista Coffee, and Levi Strauss & Co.
  • Educational qualification: Master's degree in Business Administration from Mangalore University
  • Currently engaged in providing consulting services and mentoring founder-led businesses on growth, purpose, leadership effectiveness, and profitability discipline
  • Also involved in managing a coffee plantation ecosystem with focus on sustainable and nature-led practices

Mr. Mahesh Meenakshisundaram:

  • Senior industry leader with around 33 years of experience across project and product led businesses
  • Expertise includes category development, brand alliances, business creation, turnaround assignments, and growth leadership
  • Track record includes building concepts and businesses from the ground up, establishing and strengthening systems and processes
  • Experience leading customer facing operating environments across multiple business formats
  • Currently serves as CEO and sector head of Creaticity, where he led development of one of India's leading home and furniture destinations
  • Previous leadership roles include senior positions with HomeTown, Style Spa Furniture, and BP Ergo/VIP Industries
  • Educational qualification: Ph.D. in Management (Marketing) from IBS Hyderabad with research focused on omnichannel retailing in furniture category
  • Brings expertise in business strategy, retail transformation, category development, sales and marketing, consumer behaviour, and growth management

Compliance and Governance

  • All three directors confirmed as not related to any of the existing Directors of the Company
  • All three directors confirmed as not debarred from holding office of Director by any SEBI order or any other such authority
  • Compliance with BSE circular no. LIST/COMP/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018 confirmed
  • Disclosure made under Regulation 30 read with Part A of Schedule III of SEBI Listing Regulations, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Additional Information

  • Company CIN: L52100MH2011PLC212866
  • Company Secretary & Compliance Officer: Charu Srivastava (ACS No. 27108)
  • Information also available on company website: https://praxisretail.hometown.in/