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The latest announcement is out from Praxis Home Retail Ltd. ( (IN:PRAXIS) ).
Praxis Home Retail Limited has announced that an Interlocutory Application has been filed against it by Aegis Resolution Services Private Limited, related to a lease deed with Ojas Tradelease and Mall Management Private Limited. The application, which is yet to be admitted by the National Company Law Tribunal (NCLT), seeks to declare the lease deed as fraudulent and demands compensation from Praxis. The company is currently seeking legal advice and will assess the financial implications based on the proceedings’ outcome.
More about Praxis Home Retail Ltd.
Praxis Home Retail Limited operates in the retail industry, focusing on providing home retail solutions. The company is known for its range of home improvement products and services, catering to a diverse market segment.
Average Trading Volume: 67,574
Technical Sentiment Signal: Sell
Current Market Cap: 2.28B INR
See more insights into PRAXIS stock on TipRanks’ Stock Analysis page.