Date: November 12, 2026
Regulatory Disclosure Context
Disclosure made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Also references SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Legal / Strategic Disclosures
The Central Bureau of Investigation (CBI) has registered a case against Future Retail Limited (FRL), its promoters including Mr. Kishore Biyani and Mr. Rakesh Biyani, and certain other persons in connection with an alleged bank fraud involving approximately ₹904.32 crore with State Bank of India.
The matter is presently under investigation by the CBI, and no conclusion has been reached regarding the allegations.
Company Clarification
Mr. Kishore Biyani is also a promoter of Praxis Home Retail Limited. However, the allegations pertain specifically to FRL and its affairs and do not relate to the business operations or transactions of Praxis Home Retail Limited.
The company explicitly states that there has been no direct financial or operational impact identified on Praxis Home Retail Limited.
Disclosure Compliance
The information has been intimated as required under SEBI LODR regulations on a generality basis. The information is also being made available on the company's website at https://praxisretail.hometown.in/.