NSEAgreements9 Sept 2026 · 9 Sept 2026, 05:52 pm

Agreements

Praxis Home Retail Limited · PRAXIS

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Praxis Home Retail Limited has informed the Exchange regarding revision in the term of Loan Agreements with CMS IT Services Private Limited, with the interest rate revised from 11% to 13% per annum, effective May 22, 2026, and June 23, 2026.

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Growth Catalyst2/10
Governance Concern1/10
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Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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Praxis Home Retail Limited has informed the Exchange regarding revision in the term of Loan Agreements.

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PRAXIS_09092026174837_20260909_Revision_in_ICD_from_CMS_sg.pdf

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Date: September 09, 2026 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department 25th Floor, P J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 540901 Symbol: PRAXIS Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) we wish to inform you of an amendment to the the term of the Inter-Corporate Loan Agreement dated May 22, 2026 & June 23, 2026 (Collectively referred to as “Loan Agreements”), entered between the Company and CMS IT Services Private Limited for availing unsecured inter-corporate loans. The amendment pertains to the revision in the rate of interest from 11% per annum to 13% per annum, with effect from May 22, 2026, and June 23, 2026, pursuant to mutual agreement between the parties. Except for the aforesaid revision, there is no other change in the terms and conditions of the Loan Agreements. The information as required under Regulation 30 read with Part A of Schedule III of the SEBI LODR Regulations, SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A. The above information is also being made available on the website of the Company at https://praxisretail.hometown.in/ Kindly take the same on your record. Thanking you, For Praxis Home Retail Limited Charu Srivastava Company Secretary & Compliance Officer ACS No. 27108 Encl: As above PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Registered Off.: 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road, Jogeshwari (East), Mumbai-400060 Tel.: +91 22 4518 4399; website: https://praxisretail.hometown.in/; e-mail: investorrelations@praxisretail.in Annexure-A Sr. Details Particulars Name(s) of parties with whom the CMS IT Services Private Limited (Lender) agreement is entered To avail Unsecured, Inter Corporate Loan from the Lender 2. Purpose of entering into the agreement for working capital requirement and general corporate purpose. Rs. 5.5 Crores (Agreement dated May 22, 2026) Rs. 14.50 Crores to be availed in one or more tranches on 3. Size of agreement and before March 31, 2027 (Agreement dated June 23, 2026) Shareholding, if any, in the entity with whom 4. Not Applicable the agreement is executed Significant terms of the agreement (in brief) The Company is availing an unsecured, inter-corporate special rights like right to appoint directors, loan at an interest rate of 13% per annum for a period of 6 5. first right to share subscription in case of months subject to mutual written agreement for extension issuance of shares, right to restrict any of the tenure. change in capital structure etc Whether the said parties are related to 6. promoter/promoter group/ group companies Not Applicable in any manner. If yes, nature of relationship Whether the transaction would fall within 7. related party transactions? If yes, whether Not Applicable the same is done at “arm’s length”; In case of issuance of shares to the parties, Not Applicable details of issue price, class of shares issued Lender: CMS IT Services Private Limited Borrower: Praxis Home Retail Limited In case of loan agreements, details of Nature of loan- Unsecured, Inter-Corporate Loan lender/borrower, nature of the loan, total Total amount of loan sanctioned- 20 crores amount of loan granted/taken, total amount Total amount of loan taken- 16.5 crores outstanding, date of execution of the loan Total amount outstanding- 16.5 crores agreement/sanction letter, details of the Date of execution of the loan agreements- May 22, 2026 security provided to the lenders / by the & June 23, 2026 borrowers for such loan or in case Details of the security provided to the lenders / by the outstanding loans lent to a party or borrowed borrowers for such loan or in case outstanding loans from a party become material on a lent to a party or borrowed from a party become cumulative basis material on a cumulative basis: Not Applicable Any other disclosures related to such agreements, viz., details of nominee on the 10. board of directors of the listed entity, Not Applicable potential conflict of interest arising out of such agreements, etc In case of termination or amendment of agreement: Lender: CMS IT Services Private Limited a. name of parties to the agreement Borrower: Praxis Home Retail Limited b. nature of the agreement Unsecured Inter-Corporate Loan Agreement PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Registered Off.: 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road, Jogeshwari (East), Mumbai-400060 Tel.: +91 22 4518 4399; website: https://praxisretail.hometown.in/; e-mail: investorrelations@praxisretail.in c. date of execution of the agreement September 09, 2026 The amendment pertains to the revision in the rate of interest from 11% to 13% p.a. effective May 22, 2026, and June 23, 2026, in respect of the Agreements dated May 22, 2026, and June 23, 2026 respectively, pursuant to mutual agreement between the parties. The aforesaid revision in the interest rate will result in an d. details of amendment and impact increase in the interest cost/finance cost of the Company thereof or reasons of termination and for the period during which the revised rate is applicable. impact thereof. PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Registered Off.: 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road, Jogeshwari (East), Mumbai-400060 Tel.: +91 22 4518 4399; website: https://praxisretail.hometown.in/; e-mail: investorrelations@praxisretail.in