Description
Praxis Home Retail Limited lists 4.95 crore new equity shares issued on rights basis, effective September 3, 2025.
Summary
BSE has announced the listing of 4,95,80,000 new equity shares of Praxis Home Retail Limited (Scrip Code: 540901) issued through a rights offering. The shares will be permitted for trading on the exchange effective Wednesday, September 3, 2025. These shares rank pari-passu with existing equity shares.
Key Points
- 4,95,80,000 equity shares listed at face value of Rs. 5/- each
- Shares issued at premium of Rs. 5/- on rights basis
- ISIN: INE546Y01022
- Scrip Code: 540901
- Distribution Numbers: 135330685 to 184910684
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced. Standard listing procedure for rights issue shares.
Compliance Requirements
Trading members are informed to note the listing and may commence trading in these securities from the effective date.
Important Dates
- Allotment Date: August 26, 2025
- Trading Commencement: September 3, 2025
- Notice Date: September 2, 2025
Impact Assessment
The listing represents a standard rights issue with shares ranking equally with existing equity. The addition of approximately 4.96 crore shares will increase the company’s equity base. No significant market disruption expected as this is a planned corporate action with shares already allotted to existing shareholders.
Impact Justification
Routine listing of rights issue shares with no unusual conditions or market impact