Praxis Home Retail Secures Unsecured Inter-Corporate Loan of Rs 5.5 Crores
Praxis Home Retail Limited announced on May 22, 2026, that it has entered into a Loan Agreement with CMS IT Services Private Limited. The agreement facilitates the availing of an unsecured, inter corporate loan amounting to Rs 5,50,00,000/- (Rupees Five Crores Fifty Lacs only).The financing is intended to meet the company’s working capital requirements and support general corporate purposes.
According to the details of the loan agreement, CMS IT Services Private Limited is serving as the lender, while Praxis Home Retail Limited is the borrower. The transaction, executed on May 22, 2026, outlines several key financial and operational terms.
The loan carries an interest rate of 11% per annum and is structured for an initial period of 6 months. The tenure of the loan is subject to a mutual written agreement should an extension be required.
The core details of the loan transaction are summarized below:
| Parameter | Detail |
|---|---|
| Lender | CMS IT Services Private Limited |
| Borrower | Praxis Home Retail Limited |
| Nature of Loan | Unsecured, Inter-Corporate Loan |
| Total Amount Taken | Rs 5,50,00,000/- (5.5 Crores) |
| Interest Rate | 11% per annum |
| Initial Tenure | 6 months |
| Purpose | Working capital requirement and general corporate purpose |
PRAXIS Stock Price Movement
Praxis Home Retail Limited shares today slipped by 0.27% to close at ₹7.28. The stock finished the day amid activity, tracking a total traded volume of 37,166 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.