Praxis Home Retail Limited
Unsecured Loan Agreement with Matrix Park Private Limited
Main Body
Praxis Home Retail Limited has entered into a Loan Agreement dated September 25, 2026, with Matrix Park Private Limited for availing an unsecured inter-corporate loan not exceeding ₹3,50,00,000 (Rupees Three Crore Fifty Lakh Only). The loan amount of ₹3.50 crore is to be availed in one or more tranches on and before March 31, 2027.
The purpose of the loan is for working capital requirements and general corporate purposes. The loan carries an interest rate of 13% per annum for an initial period of 6 months, subject to mutual written agreement for extension of the tenure.
The total amount of loan sanctioned is ₹3.50 crore, with the total amount taken also being ₹3.50 crore, and the total amount outstanding is ₹3.50 crore as of the disclosure date. The loan is unsecured, with no security provided to the lender.
The company has confirmed that Matrix Park Private Limited is not related to the promoter/promoter group/group companies in any manner, and the transaction does not fall within related party transactions. No special rights such as right to appoint directors, first right to share subscription, or right to restrict any change in capital structure are associated with this agreement.
Other Key Announcements
No other material announcements or disclosures unrelated to the loan agreement are included in this filing.