Praxis Home Retail Limited has informed regarding Disclosure of material issue pertaining to schedule of Right Issues.
PRAXIS · price
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Praxis Home Retail Limited has finalised the schedule for its previously announced Rights Issue. The issue will open on Thursday, August 7, 2025, with the last date for on-market renunciation of rights entitlements on Tuesday, August 12, 2025, and will close on Monday, August 18, 2025. The Board retains the right to extend the issue period up to a maximum of 30 days from the opening date. The Record Date for eligibility was Thursday, March 20, 2025, which has already passed. The Letter of Offer and Abridged Letter of Offer will be filed with BSE, NSE, and SEBI, and dispatched to eligible equity shareholders along with the rights entitlement letter.
Eligible shareholders (those on the records as of March 20, 2025) can subscribe to the rights issue or renounce their entitlements during the 11-day window. Shareholders who do not act risk value erosion as unexercised rights may be renounced, potentially leading to dilution of their existing shareholding.