Praxis Home Retail Limited has submitted the Exchange a copy of Voting Results and Scrutinizers report of Annual General Meeting held on September 29, 2025 along with a copy of minutes.
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Praxis Home Retail Limited held its 14th Annual General Meeting on September 29, 2025, via video conferencing, and has submitted the voting results and scrutinizer's report to the exchanges. Five resolutions were passed, including three ordinary and two special resolutions, all with overwhelming approval of 99.999% of votes polled. The ordinary resolutions covered adoption of audited standalone financial statements for FY ended March 31, 2025, re-appointment of Mr. Samsun Samuel as Non-Executive Non-Independent Director, and appointment of Mr. Anant Gude as Secretarial Auditor for five years (FY2025-26 to FY2029-30). The two special resolutions approved material related party transactions: a waiver of loan and interest payable aggregating to Rs. 8,806.58 lakhs, and borrowings of Rs. 3,345.08 lakhs at 12% per annum interest repayable in three installments. Promoters were interested parties in the two special resolutions and abstained from voting on them.
Smooth approval of all resolutions with near-unanimous support reflects no shareholder dissent, but the Rs. 8.8 crore loan waiver and Rs. 3.3 crore related party borrowings warrant close attention from retail investors as they involve material dealings with related parties that may affect the company's debt profile and minority shareholder interests.