Summary of Key Information:

Target Company: Praxis Home Retail Limited (CIN: L52100MH2011PLC212866)

Stock Exchange Listings:

NSE Scrip Code: PRAXIS

BSE Scrip Code: 540901

Nature of Transaction / Event: Reclassification of status from 'Promoter/Promoter Group' category to 'Public' category

Date of Transaction: Request received on June 09, 2025; Revised disclosure filed on August 12, 2026

Shareholding / Promoter Snapshot (Before Reclassification):

Promoter Group Entities and Their Shareholding:

  • Kishore Biyani: 414 shares (0.00%)
  • Future Corporate Resources Private Limited*: 415,625 shares (0.22%)
  • Laxminarayan Bansilal Biyani: 414 shares (0.00%)
  • Gopikishan Biyani: 251 shares (0.00%)
  • Sangita Kishore Biyani: 2,302,730 shares (1.24%)
  • Ashni Kishore Biyani: 13,937 shares (0.00%)
  • Avni Kishore Biyani: 4,672,499 shares (2.51%)
  • Rakesh Biyani: 251 shares (0.00%)
  • Anil Biyani: 414 shares (0.00%)
  • Vijay Biyani: 414 shares (0.00%)
  • Vivek Biyani: 414 shares (0.00%)
  • Sunil Biyani: 251 shares (0.00%)
  • Future Hospitality Private Limited: Nil shares (Nil)
  • Akar Estate & Finance Private Limited: 118 shares (0.00%)
  • Surplus Finvest Private Limited: 6,023,706 shares (3.24%)
  • Retail Trust: Nil shares (Nil)
  • Common Good Family Trust: Nil shares (Nil)

Total Promoter Group Shareholding Before: Approximately 7.21% of total capital

Other Noteworthy Information:

  • This is a revised disclosure submitted to correct an inadvertent omission in the initial disclosure dated June 09, 2025
  • Future Corporate Resources Private Limited is under corporate insolvency resolution process pursuant to order dated September 24, 2024, passed by Hon'ble National Company Law Tribunal, Mumbai Bench
  • The company will undertake necessary actions in accordance with Regulation 31A of SEBI Listing Regulations and other applicable laws

Analyst Notes:

  • Filing made pursuant to Regulation 30 read with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • The reclassification request affects 17 promoter group entities with combined shareholding of approximately 7.21%
  • Majority of entities hold negligible percentages (0.00%) while four entities hold material stakes: Surplus Finvest Private Limited (3.24%), Avni Kishore Biyani (2.51%), Sangita Kishore Biyani (1.24%), and Future Corporate Resources Private Limited (0.22%)
  • Two trusts (Retail Trust and Common Good Family Trust) currently hold nil shares