PRAXIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praxis Home Retail Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, certified by Practicing Company Secretary Anant Gude. The report shows overall compliance with SEBI regulations, though two issues were flagged. First, a related party transaction for rent exceeded the approved limit when GST was included, though the Audit Committee ratified it. Second, the company received fines of Rs 3.60 lakh from BSE and Rs 4 lakh from NSE for delayed submission of listing approval for equity shares from warrant conversion, violating Regulation 162 of SEBI (ICDR) Regulations. Additionally, the company granted ESOPs without obtaining in-principle approval from stock exchanges, violating Regulation 12(3) of SEBI (SBEB) Regulations 2021, for which an advisory was issued. The management acknowledged these lapses, stated the violations were inadvertent, and confirmed the fines were paid on time.
The report reveals minor regulatory lapses—primarily procedural delays in filings and approval processes—which have already been addressed through fines and acknowledgments. The impact on shareholders is minimal as no material governance failure was identified, and the company has committed to future compliance.