Praxis Home Retail Limited has informed the Exchange regarding Appointment of Mr. Ravi Venkatraman as an additional Independent Director of the Company w.e.f. December 30, 2025 for a consecutive period of 5 years subject to the approval of shareholders.
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Praxis Home Retail Limited has appointed Mr. Ravi Venkatraman (DIN: 00307328) as an Additional Independent Director with effect from December 30, 2025, for a term of five consecutive years, subject to shareholder approval. Mr. Venkatraman is a Chartered Accountant and Cost Accountant with over four decades of experience in the BFSI sector, having previously served as Executive Director & CFO of Mahindra & Mahindra Financial Services Limited. He has held board roles across financial services, insurance, asset management, fintech, and banking companies. The appointment was recommended by the Nomination & Remuneration Committee and approved by the Board via circulation resolution on December 29, 2025. He is not related to any existing director and is not debarred by SEBI or any other authority from holding a directorship.
The addition of a highly experienced independent director with deep BFSI and governance expertise could strengthen board oversight, but this is a routine governance update and is unlikely to have an immediate material impact on the stock price.