Praxis Home Retail Limited has informed the Exchange regarding Demise of Vijai Singh Dugar, Chairman and Independent Director of the company on March 14, 2026.
PRAXIS · price
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Praxis Home Retail Limited has informed the stock exchanges about the sudden demise of Mr. Vijai Singh Dugar, who served as Chairman and Independent Director of the company, on March 14, 2026. Mr. Dugar had been on the Board since August 12, 2024, in his first term, and brought expertise in financial accounting, internal audit, and strategic business planning. With his passing, the Chairmanship and his seats on the Audit Committee and Stakeholders Relationship Committee have also fallen vacant. The company has expressed deep condolences to his family and filed the disclosure under SEBI Listing Regulations.
The loss of the Chairman and an Independent Director creates a leadership and governance gap that the company will need to fill, which may require a new appointment to the Board in due course. In the short term, this is a sentiment-driven event and not a financial one, so the direct impact on stock price is likely to be limited.