Praxis Home Retail Appoints Two New Additional Independent Directors
Praxis Home Retail Limited has announced the appointment of two individuals as Additional Independent Directors, following approval by its Board of Directors. The appointments concern Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah, who were approved to join the company beginning June 13, 2026.The Board's resolution approved the appointments, subject to shareholder ratification. These individuals will serve as Independent Directors for a term of five consecutive years, running from June 13, 2026, until June 12, 2031.
The company’s decision follows the recommendation of its Nomination & Remuneration Committee. The appointments ensure strengthened governance and expertise within the organization.
Director Profiles and Experience
Praxis Home Retail Limited appointed Mr. Rahul Gambhir (DIN: 02965566) and Mr. Chetranda Somanna Muddaiah (DIN: 11765478). Both directors are confirmed not to be related to any of the existing Board members.The appointments bring extensive operational experience from various sectors, focusing on consumer brands and business scaling. A detailed overview of the two new directors is provided below:
| Detail | Mr. Rahul Gambhir | Mr. Chetranda Somanna Muddaiah |
|---|---|---|
| Experience Focus | Over 30 years in leadership across consumer brands, focusing on growth, transformation, and turnaround management. | Extensive operating and leadership experience in business scaling, omnichannel strategy, profitable growth, and organization building. |
| Previous Roles/Affiliations | Held senior positions with Johnson & Johnson, Tommy Hilfiger, Red Bull, Twinings, and Monster Energy. | Has worked with Nicobar Design and 24Seven Convenience Stores, and has been associated with Future Group, Bharti Walmart, Barista Coffee, and Levi Strauss &Co. |
| Educational Background | Bachelor of Technology (B.Tech.) from Birla Institute of Technology and Science, Pilani, and a Post Graduate Diploma in Management. | Master's degree in Business Administration from Mangalore University and specialized training in Marketing from the Indian Institute of Management Bangalore. |
| Current Activities | Provides expertise spanning strategic planning, sales and marketing, business development, and operational excellence. | Currently provides consulting services and mentoring founder-led businesses on growth, purpose, leadership effectiveness, and profitability discipline. He is also involved in managing a coffee plantation ecosystem. |
The company noted that neither director is debarred from holding the office of Director by any SEBI order or other such authority.
PRAXIS Stock Price Movement
Today, Praxis Home Retail Limited shares edged higher to close at ₹7.13 after gaining 0.84%, reflecting a modest move for the specialized retailer. The stock traded within its daily range of ₹6.91 to ₹7.4, completing trading on 24,904 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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