Updates

Praxis Home Retail Limited submitted its audited financial results for the quarter and year ended March 31, 2026. The auditor's report highlighted a 'material uncertainty related to going concern' due to a significant cash loss of ₹40.58 crore for FY26, negative net worth, and current liabilities exceeding current assets by ₹59.94 crore. Additionally, the company received an Insolvency and Bankruptcy Code (IBC) notice from an operational creditor, casting significant doubt on its ability to continue operations.