Praxis Home Retail Limited has initiated a postal ballot process to seek shareholder approval for crucial appointments and remuneration. The company is seeking approval for the appointment of Mr. Ravi Venkatraman as an Independent Director, effective December 30, 2025, for a term of five consecutive years. Additionally, shareholders will vote on the appointment of Mr. Shashwat Nigam as a Director and subsequently as CEO & Whole-time Director for a period of three years, commencing February 3, 2026. The remuneration for Mr. Shashwat Nigam as CEO & Whole-time Director is proposed to be in the scale of ₹95 Lakhs to ₹2 Crores per annum, with additional entitlements including stock options under the Praxis ESOP Plan 2024, contribution to Provident Fund and Gratuity, reimbursement of travel and fuel expenses, and provision of telephone/mobile facilities. The e-voting period for the postal ballot will commence on February 7, 2026, at 9:00 A.M. and conclude on March 8, 2026, at 5:00 P.M. The results of the voting are expected to be announced on or before March 10, 2026. The company is facilitating remote e-voting through the NSDL platform, with a cut-off date of January 30, 2026, for determining voting eligibility. Detailed instructions for e-voting are provided, and the postal ballot notice is available on the company's website and the websites of the stock exchanges.
