Disclosure under SEBI Takeover Regulations

Praxis Home Retail Limited announced that promoter Vivek Biyani has submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This annual declaration confirms that the promoter group, along with persons acting in concert, has not made any further undisclosed encumbrances on company shares. This ensures transparency regarding promoter shareholdings and any pledges. For investors, it signifies that there are no new, uncommunicated pledges or encumbrances on promoter shares, potentially reinforcing confidence in the promoter's commitment and the company's financial stability.