Praxis Home Retail Limited has informed the Exchange about resignation of Mr. Ashish Bhutda (DIN: 10810844) from the position of CEO and Whole Time Director of the Company with immediate effect from close of business hours on February 02, 2026 and in his place, we are pleased to announce that Mr. Shashwat Nigam is appointed as the CEO and additional Director of the Company w.e.f February 3, 2026
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Praxis Home Retail has announced a leadership change at the top. Mr. Ashish Bhutda (DIN: 10810844) has resigned as CEO and Whole Time Director with immediate effect from close of business on February 2, 2026. To ensure smooth continuity, Mr. Shashwat Nigam has been appointed as the new CEO and additional Director effective February 3, 2026. The announcement does not provide reasons for the outgoing CEO's departure.
With only a one-day gap between the outgoing and incoming CEO, the transition appears well-managed and unlikely to disrupt operations. Investors will watch for the new CEO's strategy and any management commentary on the reason for the change.