Praxis Home Retail Limited has informed the Exchange regarding Appointment of Mr. Shashwat Nigam as Chief Executive Officer and additional Director of the company w.e.f. February 03, 2026.
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Praxis Home Retail Limited has appointed Mr. Shashwat Nigam as the new Chief Executive Officer of the company. He has also been appointed as an Additional Director on the board. Both appointments are effective from February 03, 2026. As an Additional Director, he will hold office until the company's next general meeting, subject to shareholder approval. The announcement does not specify whether this is an internal promotion or an external hire, nor does it mention any prior CEO stepping down.
Shareholders should watch for further disclosures on Mr. Nigam's background, whether the appointment is internal or external, and any strategic direction he outlines for the retail business. The change at the top could signal a shift in company strategy or a response to recent performance challenges.