Key Transaction Details
Disclosure Date: June 24, 2026
Loan Agreement: The company has entered into a Loan Agreement dated June 23, 2026, with CMS IT Services Private Limited.
Purpose: To avail an unsecured, inter-corporate loan for working capital requirements and general corporate purposes.
Loan Size: The total sanctioned amount is ₹14,50,00,000 (Rupees Fourteen Crores Fifty Lakhs Only). This amount can be availed in one or more tranches on or before March 31, 2027.
Amount Drawn & Outstanding: As of the disclosure date, the company has drawn ₹4 crores of the sanctioned amount. The total outstanding amount is ₹4 crores.
Significant Terms:
- The loan is unsecured.
- The interest rate is 11% per annum.
- The initial tenure is 6 months.
- The tenure is subject to extension by mutual written agreement.
Additional Information
- There is no shareholding relationship between Praxis Home Retail Limited and CMS IT Services Private Limited.
- The transaction is not a related party transaction.
- No special rights (e.g., right to appoint directors, first right to share subscription) are attached to this loan agreement.
- No security has been provided for this unsecured loan.
- The disclosure was signed by Charu Srivastava, Company Secretary & Compliance Officer (ACS No. 27108) on June 24, 2026.