Reply to Clarification- Financial results

Date: September 18, 2026 The National Stock Exchange of India Limited Listing Department Mumbai Sub: Clarification regarding Financial Results submitted by Praxis Home Retail Limited Ref.: Clarification sought by NSE with respect to Outcome of Board Meeting – Financial Results Dear Sir/Madam, With reference to the above we hereby provide the following clarification: 1. Machine Readable Form / Legible Copy of Financial Results: The Company inadvertently did not upload the Financial Results in machine-readable/legible form at the time of submission. The Company has now submitted the Financial Results in the requisite machine-readable/legible format. The machine-readable/legible copy of the Financial Results is also enclosed herewith as Annexure I for the records of the Exchange. 2. Discrepancies in XBRL: The Company has observed certain inadvertent discrepancies in the XBRL filing, wherein certain particulars related to Equity share capital and Earnings per share under point no. 21 and 22 were inadvertently reported as “0”. The Company has rectified the said discrepancies and has filed the revised/corrected XBRL file with the Exchange. The revised/corrected XBRL file is also enclosed herewith as Annexure II for the records of the Exchange. We regret the inadvertent omissions/discrepancies and request the Exchange to kindly take the above clarification and the revised filings on record. Thanking you, For Praxis Home Retail Limited Charu Srivastava Company Secretary & Compliance Officer ACS No. 27108 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-I et 82 4028, Marathon lnnova, 4th Floor Sing Iii Co. Ganpatrao Kadam Marg, Lower Parel Mumbai - 400 013 (India) ..;.._,u, ;tan ts l_._. , .... +91 (0) 22 6662 5537 / 55338 mumbai@singhico.com l 'J IJIA./ ,IJ)~ '1h. Independent Auditor's Limited Review Report on Unaudited financial results of Praxis Home Retail Limited for the quarter ended June 30, 2026, pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended) To the Board of Directors of Praxis Home Retail Limited 1. We have reviewed the accompanying statement of unaudited financial results of Praxis Home Retail Limited ('the Company') for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of the Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Material Uncertainty Related to Going Concern 4. We draw attention to Note 4 to the Statement, which indicates that the Company has incurred a cash loss of ~894.52 lakhs during the quarter ended June 30, 2026 and, as of that date, the Company's net worth is negative. Further, the Company's current liabilities exceeded its current assets by ~6,910.97 lakhs. The Company has also received a notice under the Insolvency and Bankruptcy Code, 2016 from an operational creditor. These conditions, along with other matters as set forth in the aforesaid note, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. However, the Statement of the Company have been prepared on a going concern basis based on management's assessment of the Company's ability to meet its obligations. Our conclusion is not modified in respect of this matter. OfficE: Kolkata, Mumbai, Delhi NCR, Chennai, Bangalore, Pune & Raipur Sing/ii d, Co. Conclusion 5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other matter 6. Attention is drawn to the fact that the figures for the quarter ended March 31, 2026 as reported in the Statement a-re the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of the previous financial year had only been reviewed and not subjected to audit. Our conclusion is not modified in respect of the above matter. For Singhi & Co. Chartered Accountants Firm Registration No: 302049E RaviKapoo Partner Membership No. 040404 umN: 26040404GMHAZS6300 Place: Mumbai Date:August07,2026 Off,c Kolkata, Mumbai, Delhi NCR, Chennai, Bangalore, Pune & Raipur PRAXIS HOME RETAIL LIMITED Praxis Home Retail Limited Regd. Office: 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari-Vikhroli Link Road, Jogeshwari (E) Mumbai-400060 CIN: L52100MH2011PLC212866 Tel.: 022-4518 4399; Website: www.praxisretail.in; E-mail: investorrelations@praxisretail.in Statement of Unaudited Financial Results for the Quarter Ended June 30, 2026 ("! in lakhs) Quarter ended Year ended Sr. No. Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Unaudited)• (Unaudited) (Audited) 1 Income a) Revenue from Operations 2,660.07 2,474.06 2,350.39 9,566.21 b) Other Income 132.50 453.47 192.03 1,185.86 Total Income 2,792.57 2,927.53 2,542.42 10,752.07 2 Expenses a) Purchase of Stock in trade 1078.68 1,010.27 636.26 4,032.79 b) (lncrease)/Decrease in Inventories of Stock in trade 431.14 332.54 933.29 1,494.91 c) Employee Benefits Expenses 557.13 464.01 521.22 1,915.59 d) Finance Costs 561.87 583.23 490.28 2,117.85 e) Depreciation and Amortisation expenses 476.10 430.96 561.95 2,064.02 f) Other Expenses 794.14 1,536.37 1,046.24 5,228.41 Total Expenses 3,899.06 4,357.38 4,189.24 16,853.57 3 Profit/ (Loss) before Exceptional Items and Tax (1-2) (1,106.49) (1,429.85) (1,646.82) (6,101.49) 4 Exceptional Items (Net) (Refer Note 3) (10,100.00) - (560.00) 5 Profit/ (Loss) before Tax and after Exceptional Items (1,106.49) (11,529.85) (1,646.82) (6,661.49) 6 Tax Expense a) Current Tax - - b) Deferre [Showing first 8,000 characters — download PDF for full document]