Praxis Home Retail Ltd announces appointment of directors

The Board of Directors of Praxis Home Retail Ltd at their meeting held on March 26, 2021 has appointed Ms. Avni Biyani as Additional Non-Executive Non-Independent Director, Mr. Harminder Sahni as Additional Independent Director and Mr. Jacob Mathew as Additional Director of the Company with immediate effect.

Brief Profile of Ms. Avni Biyani

Ms. Avni Biyani is the Concept Head of Food-hall, the specialty food superstore from Future Group. She formally joined Future Group in 2011 as part of its food business and over the years has established Food-hall as India's premium lifestyle food destination. Ms. Avni is also a part of Future Group's Integrated Food Strategy Council and is responsible for ramping up the group's foray into the premium food segment. She has a keen interest in the fashion & lifestyle businesses of the group and is closely involved with the launch of India's first fast fashion brand - Cover Story.

Ms. Avni Biyani, is the younger daughter of Kishore Biyani, Chief Executive of Future Group. She studied at Dhirubhai Ambani International School and graduated in Sociology & Politics from New York University. Apart from her interest in liberal arts and humanities, Ms. Avni is a passionate cook and a connoisseur of various global cuisine. Her love for travelling and exploring new places across the world has translated into her vision for Food-hall. Observing customers also inspires her in many ways to comprehend a lot of business practices and selling styles. Ms. Avni loves to ski and is also a trained classical dancer.

Brief Profile of Mr. Harminder Sahni

Mr. Harminder Sahni has done his M.B.A. from IMS, Indore and a Textile Engineer from TITS, Bhiwani. Mr. Harminder Sahni is the Founder and Managing Director of Wazir Advisors. He has been advising various consumer centric businesses. He carries with him immense experience of over two decades as a management consultant in the Consumer Goods, Retail and Textile sectors. He has been guiding various Indian and International companies on corporate strategy, business creation, diversification, and performance enhancement.

Brief Profile of Mr. Jacob Mathew

Mr. Jacob Mathew is a product designer trained at India's National Institute of Design, Mr. Jacob co-founded Tesseract Design, now Idiom Design, Dovetail Furniture, Spring Health Water and is also a Design Principal at Srishti where he leads the Impact Edge Lab. His day job is CEO Industree Foundation. Mr. Jacob spent the first 25 years of his professional life transforming Business by Design, now well into his next 25, he is bent on transforming Society through business and design.

Shares of Praxis Home Retail Ltd was last trading in BSE at Rs.36.95 as compared to the previous close of Rs. 38.85. The total number of shares traded during the day was 2542 in over 10 trades.

The stock hit an intraday high of Rs. 38.85 and intraday low of 36.95. The net turnover during the day was Rs. 97657.

Source : Equity Bulls

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