Praxis Home Retail Limited has informed the Exchange regarding Appointment of Mr Shashwat Nigam as Executive Director of the company w.e.f. February 03, 2026.
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Praxis Home Retail Limited has approved the appointment of Mr. Shashwat Nigam as Chief Executive Officer and Whole-time Director for three years starting February 03, 2026, following shareholder approval via postal ballot on March 08, 2026. Mr. Nigam brings over 18 years of experience, including 14 years at Hindustani Unilever, and most recently led the ₹3,000 crore retail business at Entero Healthcare; he has already been working with the company for 7 months as a consultant and member of the management advisory committee. Additionally, Mr. Ravi Venkatraman, a former Executive Director & CFO of Mahindra & Mahindra Financial Services, has been appointed as Independent Director for five years from December 30, 2025. Both appointees are not debarred by SEBI and have no family relationships with existing directors.
The company has brought in an experienced external CEO with a turnaround track record and a high-profile independent director, signalling a strategic focus on operational restructuring and governance strengthening — likely to be viewed positively by investors monitoring the company's revival efforts.