Praxis Home Retail Limited has informed the Exchange regarding Resignation of Mr Ketan Gandhalikar as Category Head of the company w.e.f. January 02, 2026.
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Mr. Ketan Gandhalikar, who served as Category Head (also Head-Furniture Buying) at Praxis Home Retail Limited, has resigned effective from the close of business hours on January 2, 2026. He was classified as a Senior Management Personnel under Regulation 16(1)(d) of SEBI (LODR) Regulations, 2015. In his resignation letter addressed to the CEO, he cited the pursuit of opportunities outside Praxis as the reason for his departure. The company has confirmed there are no other material reasons behind his exit beyond what was stated in his resignation letter.
The exit of a senior category head in the furniture vertical could create short-term operational gaps in buying and merchandising decisions, but the departure is not seen as governance-sensitive as no adverse reasons were disclosed. Retail investors may view this as routine attrition, though succession planning in the furniture category will be worth monitoring.