Praxis Home Retail Limited has informed the Exchange about change in Management

PRAXIS · price

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Price reaction · full curve 14 horizons · vs prior close

-7.1%1-day move

₹5.78

prior close

₹5.82

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-3.1-3.3-2.6-1.9-7.1-4.3+0.3+5.4+10.6+33.6+23.5+31.0+22.5+45.2

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AI summary

Mr. Jacob Mathew (DIN: 00080144) has completed his first five-year term as an Independent Director of Praxis Home Retail Limited and ceased to hold office from the close of business on March 25, 2026. He did not seek re-appointment for a second term, so the position will fall vacant unless filled separately. The Board recorded its appreciation for his contributions during the term. The disclosure has been made under SEBI Listing Regulations and a detailed Annexure A is enclosed.

Likely market impact

This is a routine, non-controversial board change with no financial or operational impact. Shareholders should note that the board will have one fewer Independent Director, and the company may need to appoint a replacement to comply with minimum independent director requirements under SEBI rules.