Praxis Home Retail Limited — Capital/Financing Update 2024

Mar 29, 2024

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Ref: PHRL:2023-24

Date: March 29, 2024

To, BSE Limited Dept. of Corporate Services 25[th] Floor, P J Towers, Dalal Street, Mumbai – 400001. Scrip Code: 540901

National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai – 400051. Symbol: PRAXIS

Dear Sir/Madam,

Sub: Outcome of the meeting of the Board of Directors pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

In furtherance to the intimation dated March 26[, ] 2024 and pursuant to the provisions of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), we wish to inform you that the Board of Directors of the Company, at its Meeting held today, i.e. on Friday, March 29, 2024 , has inter-alia considered and approved the following:

1. Issuance of Convertible Warrants:

Issuance of upto 45,07,629 (Forty Five Lakhs Seven Thousand Six Hundred Twenty Nine) warrants each convertible into, or exchangeable for, one equity shares within the period of 18 (eighteen months) in accordance with the applicable laws (“Warrants”) at a price of ₹ 43.26/- (Rupees Forty Three and Twenty Six Paise only) (“Warrant Issue Price”) each (including the warrant subscription price and the warrant exercise price) aggregating upto ₹19,50,00,030/- (Rupees Nineteen Lakhs Fifty Thousand & Thirty only) to the specified Non-promoter shareholder (as listed in “Annexure – A” herein) (“Proposed Warrant Allottee" or "Warrant Holder) by way of preferential issue in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended ("Act") read with Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended ('Rules"), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”), SEBI LODR and such other acts / rules / regulations as maybe applicable and subject to necessary approval of the shareholders of the Company and other regulatory authorities including the stock exchanges BSE Limited and National Stock Exchange, or such other authority as may be applicable (“Warrants Issue”).

Upon issuance of Warrants, an amount of ₹10.82 (Rupees Ten and Eighty Two Paise Only) for each Warrants shall be payable by the Warrant Holders upfront at the time of subscription and allotment of each Warrant (“Warrants Subscription Price”) and entitling the Warrant Holder(s) to apply for and get allotted one Equity Share of the Company against every Warrant held, in one or more tranches within a maximum period of 18 (eighteen) months from the date of allotment of Warrants, on payment of balance ₹32.44 (Rupees Thirty Two and Forty Four Paise only) which is equivalent to remaining 75% (Seventy-five per cent) of the Warrant Issue Price, for each Warrant proposed to be converted, in such manner and upon such terms and conditions as may be deemed appropriate by the Board in accordance with the terms of this issue, provisions of ICDR Regulations, or other applicable laws in this respect.

2. Convening of Extra Ordinary General Meeting:

Pursuant to General Circular No.09/2023 read with General Circular no. 11/2022 dated December 28, 2022 read with General Circular No. 2/2022 dated May 5, 2022 read with Circular No. 20 dated May 5, 2020 read with Circular No. 14 dated April 8, 2020 and Circular No. 17 dated April 13, 2020 and read with General Circular No. 02/2021 dated 13.01.2021 (hereinafter collectively referred to as “MCA Circulars”) and SEBI Circular No. SEBI/HO/CFD-PoD-2/P/CIR/2023/167 Dated October 07, 2023 read with Circular No.

PRAXIS HOME RETAIL LIMITED

CIN: L52100MH2011PLC212866

Registered Office: iThink Techno Campus, Jolly Board Tower D, Ground Floor, Kanjurmarg (East), Mumbai 400 042 IN Tel: +91 22 6882 4900; Fax: +91 22 6882 4801; website: www.praxisretail.in; e‐mail: investorrelations@praxisretail.in

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SEBI/HO/CFD/CMD2/CIR/P/2022/62 dated May 13, 2022 read with SEBI circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, issued in this behalf an Extra Ordinary General Meeting of the Company is scheduled to be held on Saturday, April 27, 2024 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”).

The above disclosure is also available on website of the Company www.praxisretail.com and Stock Exchanges www.bseindia.com and www.nseindia.com.

The information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed herewith as Annexure A.

The meeting commenced at 4:30 P.M. and concluded at 4:50 P.M.

This is for your information and record.

Thanking you,

Yours faithfully,

For PRAXIS HOME RETAIL LIMITED

Sanu Vishal Digitally signed by Sanu Vishal Kapoor Kapoor Date: 2024.03.29 17:02:01 +05'30' Sanu Kapoor Head Legal & Company Secretary ACS 14065

PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Registered Office: iThink Techno Campus, Jolly Board Tower D, Ground Floor, Kanjurmarg (East), Mumbai 400 042 IN Tel: +91 22 6882 4900; Fax: +91 22 6882 4801; website: www.praxisretail.in; e‐mail: investorrelations@praxisretail.in

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Annexure A

Disclosure of event and information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:

Sr. No.	Particulars	Description
1.	Type of securities proposed to be issued(viz. equity shares, convertibles etc.);	Convertible Warrants of the Company
2.	Type of issuance (further public offering,rights issue, depository receipts(ADR/GDR), qualified institutionsplacement, preferential allotment etc.)	Preferential allotment
3.	Total number of securities proposed to beissued or the total amount for which thesecurity will be issued (approximately)	45,07,629
4.	Name of investor and their correspondingsubscription of No. of Warrants	Bennett, Coleman And Company Limited - 45,07,629(Non- Promoter)
5.	Post Allotment of securities outcome of thesubscription, issue price/allotted price (incase of convertibles) number of investors	At present, there is no requirement for any disclosureunder this point. However, the same will be intimatedpost allotment of warrants
6.	In case of convertibles – intimations onconversion of securities or on lapse of thetenure of the instruments;	At present, there is no requirement for any disclosureunder this point. However, the same will be intimatedupon receipt of request for conversion of warrants.The warrants are having a validity of 18 months fromthe date of the allotment and any relevant occurrencesduring this time frame relevant disclosures under thispoint will be disseminated to the exchange.

PRAXIS HOME RETAIL LIMITED CIN: L52100MH2011PLC212866 Registered Office: iThink Techno Campus, Jolly Board Tower D, Ground Floor, Kanjurmarg (East), Mumbai 400 042 IN Tel: +91 22 6882 4900; Fax: +91 22 6882 4801; website: www.praxisretail.in; e‐mail: investorrelations@praxisretail.in