Praxis Home Retail Limited
Main Body
The purpose of the agreement is to avail an unsecured, inter-corporate loan for working capital requirements and general corporate purposes.
The total size of the agreement is ₹2,50,00,000 (Rupees Two Crore Fifty Lakh Only), to be availed in one or more tranches on or before March 31, 2027.
The loan carries an interest rate of 13% per annum for a period of 6 months, subject to a mutual written agreement for an extension of the tenure.
The company confirms that Matrix Park Private Limited is not a related party to the promoter/promoter group/group companies, and the transaction does not fall under related party transactions.
This new loan of ₹2.5 crore is in addition to a previous unsecured inter-corporate loan of ₹3.50 crore availed from the same lender, Matrix Park Private Limited, pursuant to a loan agreement dated September 25, 2026. Consequently, the aggregate amount of loans availed from and outstanding to Matrix Park Private Limited will be ₹6.00 crore.
No security has been provided for this loan, and the disclosure confirms there are no special rights like the right to appoint directors, first right to share subscription, or right to restrict changes in capital structure associated with this agreement.
Other Key Announcements
There are no other material announcements or disclosures contained in this document.