Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Praxis Home Retail has informed that based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Company at its meeting held today i.e., August 31, 2023, has approved the appointment of Swetank Jain (DIN: 00859745) as the Chief Executive Officer and Whole-time Director for a term of three years with effect from September 01, 2023 to August 31, 2026 designated as KMP; Acceptance of resignation of Mahesh Shah (DIN: 01488017) from the position of Managing Director of the Company with effect from October 31, 2023 (closing of business hours) due to personal reasons and with effect from 01 November, 2023, he will continue as Non-Executive Chairman.
The above information is a part of company’s filings submitted to BSE.
