Praxis Home Retail Limited has submitted its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results on January 30, 2026. The company is providing these results in a machine-readable format as directed by the National Stock Exchange of India. The accompanying financial statements have received a disclaimer of conclusion from the independent auditor, Singhi & Co. This disclaimer is due to significant uncertainties and a lack of sufficient appropriate audit evidence. Key issues highlighted include a receivable of ₹10,100 lakhs towards a matured lease agreement with a related party, where the company has not recognized expected credit losses. Furthermore, a claim of ₹4,577.35 lakhs for lease rentals has been filed by the Resolution Professional of Future Enterprises Limited (FEL) against the company. Additionally, trade payables amounting to ₹1,116.69 lakhs are subject to balance confirmations and reconciliation. The company has also not recognized any provision for impairment on Right-of-Use (ROU) assets valued at ₹12,742.59 lakhs, despite incurring cash losses and many stores operating at a loss. These factors collectively indicate a material uncertainty regarding the company's ability to continue as a going concern. Notable financial events include an exceptional item of ₹9,540 lakhs, representing the waiver of inter-corporate deposits and accrued interest from related and non-related parties. Other expenses for the period included one-time provisions for inventory shrinkage and write-off of unutilized advances. The company has raised ₹4,958.00 lakhs through a rights issue, which, along with the waiver of ICDs, has improved its liquidity and net worth. The company is exploring further fund-raising options to ensure financial stability. Mr. Ravi Venkatraman has been appointed as an additional Independent Director effective December 30, 2025. The financial results will be available on the company's website and the stock exchanges.
