Praxis Home Retail Limited has been fined ₹4,00,000 (Rupees Four Lakhs only) by the National Stock Exchange of India Limited (NSE) for delays in submitting listing approval for equity shares and for violating Regulation 162 of the SEBI (ICDR) Regulations, 2018.

The NSE communicated this decision via an email dated January 6, 2026. The company stated that the delay was inadvertent and unintentional.

The fine was imposed due to non-compliance under Regulation 162 and Schedule XIX – Listing of Securities on Stock Exchanges of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Specifically, a fine of ₹40,000 was levied for non-compliance in November 2025 under Regulation 162, and ₹3,60,000 for non-compliance in December 2025 under Schedule XIX. The total fine amounts to ₹4,00,000, with an additional GST of ₹72,000, bringing the total payable amount to ₹4,72,000.

The company has been requested to inform its Board about the delayed compliance and to make the payment within 15 days. The NSE also provided options for filing a waiver request, which requires a detailed submission of reasons for the waiver and adherence to compliance prerequisites.