Key Event: Committee of Directors Meeting
A meeting of the Committee of Directors is scheduled to be held on Thursday, November 12, 2026.
Purpose of the Meeting
The purpose of the meeting is to decide on the final terms for the company's upcoming Rights Issue, specifically to:
- Fix the record date for determining eligible shareholders.
- Determine the issue price.
- Finalize the entitlement ratio (the number of rights shares offered per existing share held).
- Decide on other terms of issuance.
Context of the Rights Issue
The meeting is a follow-up to a previous Board approval disclosed on September 11, 2026. The Board had approved the issuance of equity shares via a Rights Issue for an amount not exceeding ₹5,500.00 lakhs (₹55 crore). The Committee of Directors was authorized by the Board to undertake all actions necessary to implement this Rights Issue, which will be conducted in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Trading Window Closure
Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code, the trading window for dealing in the company's securities is closed for all insiders. The closure is effective from November 06, 2026, and will remain closed until November 14, 2026 (both dates inclusive).
Company & Contact Details
- BSE Scrip Code: 540901
- NSE Symbol: PRAXIS
- Company Secretary & Compliance Officer: Charu Srivastava (ACS No. 27108)