Updates

Date: June 23, 2026 National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051. Symbol: PRAXIS Sub.: Update – Submission of Machine-Readable /Legible copy of financial results for the quarter and year ended March 31, 2026 Ref.: NSE email dated June 22, 2026 Dear Sir/ Madam, We wish to inform your esteemed office that the Company has received an email from National Stock Exchange of India Limited (“NSE”) dated June 22, 2026, drawing attention to NSE Circular No. NSE/CML/2018/02 dated January 16, 2018, wherein NSE has directed all listed companies to submit all corporate announcements to the Exchange in a machine-readable and searchable form. In line with the same, NSE has advised the Company to submit the audited financial results for the quarter and year ended March 31, 2026, in a machine-readable / legible format. In compliance with the above, we herewith enclose the audited financial results for the quarter and year ended March 31, 2026, as approved by the Board of Directors of the Company at its meeting held on May 29, 2026, in machine-readable / legible format. You are requested to take the same on record. Yours faithfully, For Praxis Home Retail Limited Charu Srivastava Company Secretary and Compliance Officer ACS No. 27108 Encl.: As above PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Regd. Off. 2nd Floor, Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 Tel: +91 22 4518 4399; website: www.praxisretail.in; e-mail: investorrelations@praxisretail.in 82 4028, Marathon lnnova, 4th Floor Sing Iii el Co. Ganpatrao Kadam Marg, Lower Pare! Mumbai - 400 013 (India) +91 (0) 22 6662 5537 / 55338 mumbai@singhico.com JI I Independent Auditor's Report on Annual Financial Results of Praxis Home Retail Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Praxis Home Retail Limited Opinion 1. We have audited the accompanying annual financial results ('the Statement') of Praxis Home Retail Limited ("the Company") for the year ended March 31, 2026 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. In our opinion and to the best of our information and according to the explanations given to us, the Statement: i. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') prescribed under section 133 of the Companies Act, 2013 ('the Act') read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the net loss after tax and other comprehensive income and other financial information of the Company for the year ended 31 March 2026. Basis of Opinion 3. We conducted our audit in accordance with the Standards on Auditing ('SA') specified under section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditors' Responsibilities for the Audit of the Statement section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('the ICAI') together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty Related to Going Concern 4. We draw attention to Note 5 to the Statement, which indicates that the Company has incurred a cash loss of ~4,058.31 lakhs during the year ended March 31, 2026 and, as of that date, the Company's net worth is negative. Further, the Company's current liabilities exceeded its current assets by ~5,994.33 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 opinion is not modified in respect of this matter. Offlc- Kolkata, Mumbai, Delhi NCR, Chennai, Bangalore, Pune & Raipur Sing/ii el Co. Management's Responsibilities for the Statement 5. This Statement have been prepared on the basis of the audited annual financial statements. The Company's Board of Directors is responsible for the preparation of this Statement that give a true and fair view of the net loss including other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with the rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error. 6. In preparing the Statement, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 7. The Board of Directors are also responsible for overseeing the Company's financial reporting process for material misstatement, whether due to fraud or error. Auditor's Responsibilities for the Audit of the Statement Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs, specified under section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement. 9. As part of an audit in accordance with the SAs, specified under section 143(10) of the Act, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a b [Showing first 8,000 characters — download PDF for full document]