Praxis Home Retail approves rights issue
Praxis Home Retail (PRAXIS) said it has approved rights issue. The company is valued at about ₹90.3 crore.
What happened
Praxis Home Retail (PRAXIS) told the exchanges on 12 November 2026 at 05:43 PM that it has approved rights issue.
From the filing: "Outcome of the Committee of Directors Meeting held on November 12, 2026, pertaining to the approval of the terms of the Rights Issue, including the Record Date."
Company snapshot
Praxis Home Retail is a micro-cap company, with a market value of about ₹90.3 crore.
The stock last traded at ₹4.86, against a 52-week range of ₹3.38–₹11.95 (59.3% below the high).
Before this filing the shares had moved +16.8% over the month and −34.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.12 crore.
Promoters held 7.23% at the end of Q2 FY27. Foreign institutions owned 1.37% and domestic institutions 0.26%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 45 | 64.6 | 4.5 |
| Q3 FY26 | 26 | -15.9 | -0.86 |
| Q4 FY26 | 25 | -115.3 | -6.21 |
| Q1 FY27 | 27 | -11.1 | 0 |
| Q2 FY27 | 25 | -12.8 | -0.69 |
What history shows
This is not the company's first fund raising disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 7.0% on average the next trading day and was down 11.4% on average after five days (2 filings with price data).
Market-wide, 1,792 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 29 Sept 2026 | Loan Agreement. | −9.1% | −9.7% |
| 11 Sept 2026 | Board of Directors have approved the proposal for Rights issue at… | −4.9% | −13.2% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 12 November 2026: Board meeting — Fund Raising.
In the news
Recent coverage elsewhere (links open the original publisher):
- Praxis Home Retail to fix rights issue terms on Nov 12
- Praxis Home Retail Ltd Share Price Today NSE/BSE Charts
- Praxis Home Retail posts ₹1,280 lakh loss in Q2FY27, net worth turns negative
- Praxis Home Retail Q2 FY27: Mounting Losses and Deteriorating Margins Signal Deepening Crisis
- Praxis Home Retail (NSE:PRAXIS): What Do Its Q2 FY27 Unaudited Results Reveal?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.