5409012026-10-155409012026-10-15ActionsTakenOrOrdersPassedDomain15409012026-10-15ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15409012026-10-15SignatoriesDomain1xbrli:purePRAXISPRAXIS HOME RETAIL LIMITED540901NOTLISTEDINE546Y01022NewAction(s) taken or orders passed (sub-para 20)false2026-10-1417:08:002026-10-15Any other similar action(s)GST Appellate Tribunal (GSTAT), Principal Bench, Delhi, vide its order dated October 14, 2026, in the matter of DGAP v. Praxis Home Retail Limited, bearing Case No. NAPA/20/PB/2025, has directed the Company to pass on or deposit the determined profiteered amount of ₹3,67,88,027 (Rupees Three Crore Sixty-Seven Lakh Eighty-Eight Thousand and Twenty-Seven only), along with interest at the rate of 18%, in accordance with the directions contained in the order.Judicial BodyGST Appellate Tribunal (GSTAT), Principal Bench, Delhi1Listed Entity (Self)PRAXIS HOME RETAIL LIMITEDOrderGST Appellate Tribunal (GSTAT), Principal Bench, Delhi, vide its order dated October 14, 2026, in the matter of DGAP v. Praxis Home Retail Limited, bearing Case No. NAPA/20/PB/2025, has directed the Company to pass on or deposit the determined profiteered amount of ₹3,67,88,027 (Rupees Three Crore Sixty-Seven Lakh Eighty-Eight Thousand and Twenty-Seven only), along with interest at the rate of 18%, in accordance with the directions contained in the order.2026-10-14The GST Appellate Tribunal, vide its order dated October 14, 2026, in the matter of DGAP v. Praxis Home Retail Limited, bearing Case No. NAPA/20/PB/2025, has accepted the investigation report dated March 29, 2023, submitted by the Director General of Anti-Profiteering (DGAP). The Tribunal has directed the Company to pass on or deposit the determined profiteered amount of ₹3,67,88,027, along with applicable interest at the rate of 18%, in accordance with the directions contained in the order. Out of the aforesaid amount, ₹21,200, together with applicable interest, is attributable to the identifiable complainant and is required to be passed on to the complainant. The balance amount of ₹3,67,66,827, together with applicable interest, is required to be deposited in the respective Consumer Welfare Funds. The Tribunal has not imposed any penalty under Section 171(3A) of the Central Goods and Services Tax Act, 2017, as the relevant period predates the coming into force of the said provision.NAThe order entails a financial liability of ₹3,67,88,027, together with applicable interest at the rate of 18%, in accordance with the directions of the Tribunal. However, the Company is evaluating all options including filing an appeal with the appropriate authority against the order. The order may have a financial impact to the extent of the aforesaid amount and applicable interest.The proceedings relate to the alleged failure of the Company to pass on the benefit arising from the reduction in the GST rate from 28% to 18%, effective November 15, 2017, on certain goods supplied by the Company, including modular kitchen components, during the period from November 15, 2017, to September 30, 2019, as required under Section 171 of the Central Goods and Services Tax Act, 2017. The Tribunal accepted the determination of the profiteered amount in the DGAP's investigation report.NANAThe Company is in the process of seeking legal advice and would take appropriate steps in the best interest of the Company.Charu SrivastavaCompany Secretary and Compliance Officer2026-10-15Mumbai