Praxis Home Retail: 9 lakh shares allotted via warrant conversion, 36 lakh warrants cancelled

Warrants ConvertedFund Raising View source PDF Explain this filing

PRAXIS · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹12.00

prior close

₹12.07

announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+1.0% vs market

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.6-0.4+1.0

Next day

-2.9-0.6-2.3

-2.8+0.3-3.1

-4.3+0.2-4.5

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AI summary

Praxis Home Retail allotted 9,01,526 equity shares at Rs 43.26 each to a warrant holder who exercised the option on Nov 5, 2025. The company had issued 45,07,629 warrants in May 2024 on a preferential basis. Of these, 36,06,103 warrants held by Bennett, Coleman and Co (Times Group) were not exercised within the 18-month window and have lapsed, with Rs 3.90 crore of upfront amount forfeited. No change in capital structure from the lapsed warrants.

Likely market impact

Minor dilution from 9 lakh new shares; BCCL forfeiting 36 lakh warrants signals weak confidence. Company gains Rs 3.90 crore from forfeiture.