Praxis Home Retail Limited announced a private placemen to issue 40,000,000 on July 22, 2023. Equity Share Warrants, on a Preferential Basis, carrying an entitlement to subscribe for equivalent number of fully paid-up Equity Shares of the Company, at a price of INR 15.60/- (Rupees Fifteen and Sixty Paise only) per Equity Share (including a Premium of INR 10.60/- (Rupees Ten and Sixty Paise only) per Equity Share, for a total consideration of upto INR 62,40,00,000 to the following Specified Investors: Mathew Cyriac Individual 3,96,00,000 61,77,60,000 Naveen Jain Individual 4,00,000 62,40,000. Each Warrants shall carry an entitlement to subscribe to One Equity Share of face value of INR 5/- each (Rupees Five only) of the Company at a price of INR 15.60/- (Rupees Fifteen and Sixty Paise only) per Equity Share; b) An amount equivalent to 25% of the Exercise Price of the Equity Shares, arising out of the Warrants, shall be payable at the time of making the application for the Warrants, as prescribed.

The transaction is subject to shareholders.