Praxis Home Retail Limited announced that Mr. Pankaj Bhargava has resigned from the position of the ‘Independent Director’ of the Company with effect from March 30, 2021, on receiving the news about resignation of Mr. Viraj Didwania from the position of the Managing Director of the Company. Mr. Bhargava further stated that for him a sync of values and great governance are important criteria to remain an Independent Director. With Mr. Viraj, he felt that sync and had therefore chosen to accept the role of the Independent Director. This movement of Mr. Viraj could lead to a difference in the values system with the new Managing Director who might join in future, which is not a chance he intends to take personally.