Integrated Filing — IndAS

General information about company
Scrip Code	540901
NSE Symbol	PRAXIS
MSEI Symbol	NOTLISTED
ISIN	INE546Y01022
Name of company	Praxis Home Retail Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	12-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Retail
Start date and time of board meeting	12-May-2025   16:35:00
End date and time of board meeting	12-May-2025   17:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-12
Indicate Company website link for updated RPT policy of the Company	www.praxisretail.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	272008000	1189696000
	Other income	2688000	391469000
	Total income	274696000	1581165000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	138855000	493285000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	35290000	202098000
(d)	Employee benefit expense	46094000	266301000
(e)	Finance costs	33978000	167154000
(f)	Depreciation, depletion and amortisation expense	68280000	274548000
(f)	Other Expenses
1	Other Expenses	96089000	527564000
	Total other expenses	96089000	527564000
	Total expenses	418586000	1930950000
3	Total profit before exceptional items and tax	-143890000	-349785000
4	Exceptional items	0	0
5	Total profit before tax	-143890000	-349785000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	0	0
9	Total tax expenses	0	0
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-143890000	-349785000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-143890000	-349785000
17	Other comprehensive income net of taxes	-5557000	-5557000
18	Total Comprehensive Income for the period	-149447000	-355342000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	676091000	676091000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		-1290956000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-1.06	-2.69
	Diluted earnings (loss) per share from continuing operations	-1.06	-2.69
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-1.06	-2.69
	Diluted earnings (loss) per share from continuing and discontinued operations	-1.06	-2.69
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above financial results have been prepared in accordance with recognition and measurement principles of the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies Indian Accounting Standards Rules, 2015 and the Companies Indian Accounting Standards Amendment Rules, 2016. Further, these financial results also have been prepared in accordance with the requirement of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulation, 2015. n2.The Companys business activity falls within a single primary business segment of retail and there are no separate reportable segments as per Ind AS 108 Operating Segments. Companys operations are only confined in India. n3.The above results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 12, 2025. n4.The financial results will be available on the website of the Company - www.praxisretail.in and on the websites of BSE www.bseindia.com and NSE www.nseindia.com.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	1370171000
	Capital work-in-progress	439000
	Investment property	0
	Goodwill	0
	Other intangible assets	1309000
	Intangible assets under development	1209000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	44152000
	Total non-current financial assets	44152000
	Deferred tax assets (net)	0
	Other non-current assets	1266000
	Total non-current assets	1418546000
2	Current assets
	Inventories	375217000
	Current financial asset
	Current investments	0
	Trade receivables, current	1212000
	Cash and cash equivalents	17214000
	Bank balance other than cash and cash equivalents	331000
	Loans, current	0
	Other current financial assets	1061660000
	Total current financial assets	1080417000
	Current tax assets (net)	0
	Other current assets	259535000
	Total current assets	1715169000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	3133715000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	676091000
	Other equity	-1290956000
	Total equity attributable to owners of parent	-614865000
	Non controlling interest
	Total equity	-614865000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1090460000
	Total non-current financial liabilities	1090460000
	Provisions, non-current	11853000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1102313000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1178315000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	148751000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	792972000
	Total Trade payable	941723000
	Other current financial liabilities	192589000
	Total current financial liabilities	2312627000
	Other current liabilities	331250000
	Provisions, current	2390000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	2646267000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	3748580000
	Total equity and liabilites	3133715000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of defined benefit plans	-5557000	-5557000
	Total Amount of items that will not be reclassified to profit and loss	-5557000	-5557000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-5557000	-5557000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-349785000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			167154000
	Adjustments for decrease (increase) in inventories			202098000
	Adjustments for decrease (increase) in trade receivables, current			1662000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			1157000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-117948000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-87581000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			274548000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-5312000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			150000
	Adjustments for share-based payments			3482000
	Adjustments for fair value losses (gains)			-2199000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-362364000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			74547000
	Net cash flows from (used in) operations			-275238000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-363000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-274875000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			13320000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			-1000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-13321000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			120000000
	Proceeds from issuing other equity instruments			48750000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			436015000
	Repayments of borrowings			0
	Payments of lease liabilities			302504000
	Dividends paid			0
	Interest paid			16458000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			285803000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-2393000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-2393000
	Cash and cash equivalents cash flow statement at beginning of period			19607000
	Cash and cash equivalents cash flow statement at end of period			17214000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Disclaimer of opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Disclaimer of opinion	Repetitive	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)
3	Textual Information(11)	Disclaimer of opinion	Repetitive	Textual Information(12)	Textual Information(13)	Textual Information(14)	Textual Information(15)
4	Textual Information(16)	Disclaimer of opinion	Repetitive	Textual Information(17)	Textual Information(18)	Textual Information(19)	Textual Information(20)
5	Textual Information(21)	Disclaimer of opinion	Whether appeared first time	Textual Information(22)	Textual Information(23)	Textual Information(24)	Textual Information(25)
6	Textual Information(26)	Disclaimer of opinion	Repetitive	Textual Information(27)	Textual Information(28)	Textual Information(29)	Textual Information(30)

Text Block
Textual Information(1)	As stated in note no. 5(a) of the financial results of the Company, it has security deposit receivable towards matured lease agreement from a related party of an amount of Rs. 10,100.00 lakhs. The Company has not identified & recognized loss allowance for expected credit losses (ECL) on such other receivables, which is not in conformity with the requirements of Ind AS 109 Financial Instruments. Further, we are informed by the management that till date the Company has not received any appropriate / adequate response from the lessor towards refunding such amount. Considering these facts and the available financial position statement of such related party where there is an indication about material uncertainty towards its ability to continue as going concern and where an Resolution Professional RP has been appointed by Honble National Company Law Tribunal under the Insolvency and Bankruptcy Code 2016 and other relevant surrounding circumstances we are unable to determine and quantify whether this amount will be fully recoverable and it requires any provision of ECL. n nFurther, on January 9, 2025 the RP of Future Enterprises Limited FEL has filed an Interlocutory Application IA in Company Petition IB, before the National Company Law Tribunal, Mumbai Bench against, amongst others, the Promoter of the Company and the Company. Under the said IA, the RP has, inter alia, claimed lease rental amounting to Rs.4,577.35 lakhs from the Company for the in store retail infra assets leased by FEL to the Company. n nThese facts also give rise to material uncertainty as regards possible material adjustments that may be required to made to the values of recorded security deposit, provision for lease rental on in store retail infra assets, unrecorded assets and tax implications, if any, arising on account of settlement of such transactions, which could not be recorded in the financial results on account of these being not readily ascertainable. Pursuant to non receipt of response from the lessor towards refunding the specified amount and non determination of the ECL provision, availability of balance confirmation and non provision for lease rental, its impact on the losses and EPS of the Company for the quarter and year ended March 31, 2025 and on the other equity as on the balance sheet date, is not ascertainable. This matter related to expected credit losses on security deposit was also disclaimed in our report on the financial statement for the year ended March 31, 2024.
Textual Information(2)	Not Applicable
Textual Information(3)	Nil
Textual Information(4)	The lease rental agreement entered by the Company with a related party Lessor expired in fiscal 2023. The Company has also security deposits of Rs. 10,100 lakhs recoverable from such related party. The Company holds possession of the in store infra assets taken by it under this agreement. The Company has made various follow ups with the Lessor to recover the amount of security deposits. During the fiscal 2023, the Company had obtained a valuation report of such assets by an independent professional firm basis which the Company believes that the assets, which are in its possession, carried value higher than the security deposit amount and has a usable life to deliver such value and hence, the Company has considered the security deposits as good and fully receivable. Further, the claim made by the RP amounting to Rs.4,577 Lakh against the Company which, according to the legal advise, is based on inconclusive documents and hence, not tenable in the eyes of law, for which necessary dismissal IA has been filed. In view of this, the management does not foresee any liability arising out of the alleged claim by RP.
Textual Information(5)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.
Textual Information(6)	Balances of trade payables aggregating to Rs. 9,417.23 lakhs are subject to confirmations and reconciliations, if any, are not ascertainable. We are unable to comment on the correctness of these figures and if any adjustments are required to the said balances as on the March 31, 2025 and related disclosures in the Financial Statements. This matter was also disclaimed in our report on the financial statements for the year ended March 31, 2024.
Textual Information(7)	Not Applicable
Textual Information(8)	Nil
Textual Information(9)	The Company has already managed to obtain confirmation for more than 60 per cent of trade payables, the Company will further strengthen the reconciliation process.
Textual Information(10)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.
Textual Information(11)	As stated in note no. 8 of the financial results, for the quarter and year ended the Company has written back certain trade payables and provisions aggregating to Rs. Nil and Rs. 3,770.86 lakhs Including write back of related parties balance and provisions of Rs. Nil and Rs. 2,693.72 lakhs for the quarter and year ended March 31, 2025, respectively, reasons of which are not known to us. Hence, we are unable to comment on the correctness of these values, and if any adjustments are required to the said balances as on the March 31, 2025 and related disclosures in the financial results. The above amount includes amount due to one of the related parties which is under Corporate Insolvency Resolution Process whose Resolution Professional has raised a claim of Rs. 2,321 lakhs along with interest which has been denied by the Company and not recognized in the books, as explained in note no. 7. This matter was also disclaimed in our report on the financial statement for the year ended March 31, 2024.
Textual Information(12)	Not Applicable
Textual Information(13)	Nil
Textual Information(14)	The liability were written back on account of receivables and other claims against a few related parties and also on account of balance confirmation received from other parties including the related parties.
Textual Information(15)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.
Textual Information(16)	As stated in note no. 6, the performance of the Company was affected due to shortage of inventory, liquidity and most of the stores of the Company were running into losses, which may trigger the requirement for evaluating impairment on Right of Use ROU Assets of the financial results having value of Rs. 12,581.29 lakhs as on March 31, 2025. Inspite of these indicators no assessment of impairment has been carried out. Hence, we are unable to comment upon the impact arising on the loss and EPS for the year ended March 31, 2025 and on the carrying value of ROU and other equity as on March 31, 2025. This matter was also disclaimed in our report on the financial statements for the year ended March 31, 2024.
Textual Information(17)	Not Applicable
Textual Information(18)	Nil
Textual Information(19)	In the current period, the Company has raised funds through issue of warrants and equity shares to improve its liquidity position. Further, the Company has also received necessary approvals for its proposed Rights Issue consummation of which is expected to further improve its liquidity position. The management has been taking various initiatives to increase sales, reduce costs and improve operational efficiency. These initiatives are expected to yield desired results and the management believes that there is no need to create impairment provision on ROU Assets.
Textual Information(20)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.
Textual Information(21)	During the year ended March 31, 2025, the Company has closed certain stores and inventory at few of these closed stores amounting to Rs 111.32 lakhs is under the control of the respective lessors, and the Company was unable to physically verify such inventory and make appropriate provision for the same. Due to this limitation, we were unable to obtain sufficient and appropriate audit evidence to determine and quantify whether the value of Inventory will be fully recoverable and it requires any provision and hence, we are unable to comment upon the impact arising on the loss and EPS for the year ended March 31, 2025 and on the carrying value of Inventory and other equity as on March 31, 2025.
Textual Information(22)	Not Applicable
Textual Information(23)	Nil
Textual Information(24)	The Company has closed a few stores. However, due to some commercial disputes with the store owners, these inventories are forcefully and illegally withheld by such store owners. The Company has already taken necessary legal steps as well as also resorting to conciliations, but access to these inventories is still not available at such stores. Although adequate provisions have been made towards shrinkages, the management is hopeful of recovering and regaining control over these inventories based on its legal applications and mutual negotiations.
Textual Information(25)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.
Textual Information(26)	We draw attention to note no. 3 in the financial results which states that during the year ended March 31, 2025 the Company has incurred a cash loss of Rs. 4,542.46 lakhs and its net worth is negative as on March 31, 2025. Further, the Companys current liabilities exceeded its current assets by Rs 9,310.98 lakhs. The Company has also received notice for application under the Insolvency and Bankruptcy Code 2016 from one of the operational creditors. The above situation indicates that a material uncertainty exists that may cast significant doubt on the Companys ability to continue as a going concern. In view of above, we are unable to obtain sufficient appropriate audit evidence as to whether the Company will be able to service its debts, realize its assets and discharge its liabilities as and when they become due over the period of next twelve months. Accordingly, we are unable to comment on whether the Company will be able to continue as Going Concern. This matter was also disclaimed in our report on the financial statements for the year ended March 31, 2024.
Textual Information(27)	Not Applicable
Textual Information(28)	Nil
Textual Information(29)	During the year, the Company has raised funds through issue of warrants and equity shares to improve its liquidity position. The warrants issued in the year 2024 on preferential basis are expected to be exercised in current financial year as per their issue terms and would bring further funds into the Company. The Company has also obtained necessary approvals for its proposed Rights Issue which, when consummated, would improve the liquidity position. The Company has also significantly reduced the operational costs by closing down stores having higher loss impact on its accounts and is committed to improve operational efficiency and has taken various initiatives to increase sales. These initiatives are fairly expected to yield desired results and the management is confident that the net worth will significantly improve in current fiscal and cash flows would be able to meet its obligations. Further, the application filed by an operational creditor is fictitious, lacks merit and hence, chance of its succeeding is the most unlikely in view of the legal pleadings submitted in the matter. Considering all above, the financial results have been prepared on a going concern basis.
Textual Information(30)	Refer our independent auditors report. The impact needs to be ascertained and necessary correction should be incorporated in the financial results.