Praxis Home Retail Limited, a prominent name in the retail sector, has announced the closure of its trading window for all its designated persons. The closure will commence on April 1, 2025, and will remain in effect until 48 hours after the announcement of the audited financial results for the financial year ending March 31, 2025. This decision follows the regulations laid out under the SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring compliance with insider trading rules that are critical for maintaining transparency in trading activities.

This closure is a routine measure undertaken by companies to prevent insider trading activities during periods when sensitive financial data is being prepared or about to be disclosed. Insider trading regulations help ensure that all individuals with access to sensitive financial data do not use that information to gain an unfair advantage in the stock market. Praxis Home Retail Limited has reiterated its commitment to upholding these standards and maintaining investor confidence.

While the trading window is closed, all designated persons, including directors, employees, and other key personnel, will be prohibited from dealing in the company's securities during this period. The closure will remain in place until the company publicly announces the audited financial results for FY 2025. The exact date for the Board meeting to discuss the results will be shared soon. This transparency ensures that investors are aware of when sensitive information might be disclosed and helps prevent any misuse of insider knowledge.

In addition, the company has also reminded all concerned parties about the Company’s Code of Conduct for regulating, monitoring, and reporting trades, which further strengthens its commitment to adhering to SEBI's guidelines. Once the financial results are announced, the trading window will open, allowing the designated persons to resume trading in the company’s securities.

This announcement is a part of Praxis Home Retail's ongoing efforts to ensure compliance with the insider trading regulations and to safeguard the interests of its shareholders. By adhering to these rules, the company not only complies with legal requirements but also reassures its stakeholders of its dedication to maintaining a fair and transparent trading environment.

The company's commitment to transparency and ethical trading practices is key to sustaining the trust and confidence of its investors, ensuring that the market operates in a fair and regulated manner. Shareholders and stakeholders are advised to stay informed about the developments related to the financial results and the upcoming Board meeting. The company will communicate further details regarding the announcement date of the results soon.

As Praxis Home Retail Limited prepares for this next phase of financial reporting, it highlights the significance of maintaining ethical business practices and adhering to the regulations set forth by SEBI. This helps to avoid conflicts of interest and ensures that all investors have access to the same level of information before making decisions regarding the company’s securities.

In summary, the closure of the trading window is a standard procedure that Praxis Home Retail is following to maintain the integrity of its trading practices. The company will continue to monitor developments and provide timely updates on when the window will reopen and any other related updates concerning its financial results.

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