Praxis Home Retail Limited has informed the Exchange regarding Appointment of Vikash Kabra as Chief Financial Officer of the company w.e.f. July 14, 2025.
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Praxis Home Retail Limited has appointed Mr. Vikash Kabra as Chief Financial Officer and Key Managerial Personnel effective July 14, 2025. Mr. Kabra is a Chartered Accountant with over 15 years of experience and has been associated with the company since March 2017, previously handling financial reporting, taxation, and compliance. The company also appointed Ms. Charu Srivastava as Company Secretary and Compliance Officer on the same date, bringing over a decade of experience in secretarial and legal affairs. Additionally, the Board noted a request from the Promoter and Promoter Group for reclassification of their shareholding to the 'Public' category, originally received and intimated on June 9, 2025, with a separate announcement to follow.
The CFO appointment is an internal promotion, which should provide continuity in financial leadership. The promoter reclassification could reduce promoter holding in the company, which investors should watch for as it may affect shareholding structure and governance dynamics.