Praxis Home Retail rights issue: up to Rs 5,500.00 lakhs approved

• Type of issue: Rights Issue (Annexure I, Sr. No. 2)
• Type of security: Equity Shares (Annexure I, Sr. No. 1)
• Face value: Equity shares having face value of ₹ 5 each (board's outcome letter)
• Issue size (approximate): Up to an aggregate amount of ₹ 5,500.00 lakhs (Rupees Five Thousand Five Hundred Lakhs) (board's outcome letter and Annexure I, Sr. No. 3)
• Mode: Issuance and allotment of equity shares on rights basis to eligible equity shareholders (board's outcome letter)
• Record date: To be notified subsequently (board's outcome letter)

The company has stated in the board's outcome letter that the board, at its meeting held on September 11, 2026, "approved the raising of funds, through issuance and allotment of equity shares having face value of ₹ 5 each up to an aggregate amount of ₹ 5,500.00 lakhs (Rupees Five Thousand Five Hundred Lakhs), on rights basis and on such terms (as decided by the Board or a duly constituted committee of the Board, at a later date) to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently), subject to receipt of regulatory/ statutory approvals".

The rights issue will be offered to "eligible equity shareholders of the Company, as on the record date (to be notified subsequently)", as stated in the board's outcome letter. This means only shareholders whose names appear on the company’s register of members as on the record date, once announced, will be entitled to receive rights entitlements.

The record date, the rights ratio, the issue price per share, and the exact number of equity shares to be issued have not yet been disclosed in the filing. The company has indicated that these will be decided later by a committee.

The board's outcome letter further states that the Board has authorised the "Committee of Directors", a committee of the Board of Directors of the Company, "to decide all matters relating to the aforesaid proposed issuance of equity shares on rights basis including finalization and approval of the detailed terms and conditions of the issue and number of equity shares to be issued."

The filing does not provide a detailed timetable for the rights issue. It confirms that:

• The record date will be "notified subsequently".
• The detailed terms and conditions, including the number of shares, will be finalised by the Committee of Directors.
• The issue is "subject to receipt of regulatory/ statutory approvals" and will be carried out in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI LODR Regulations and the Companies Act, 2013, as mentioned in the board's outcome letter.

The meeting of the board of directors to approve this proposal commenced at 12:02 hrs (IST) and concluded at 12:50 hrs (IST), as recorded in the board's outcome letter.

No rationale for the rights issue has been separately described in Annexure I; the filing focuses on the type of securities, the nature of the issue and the approximate size of the fund raise.