Praxis Home Retail Ltd. (PHRL) has received shareholder approval to waive a related-party loan of Rs 88.07 crore, consisting of Rs 85.28 crore in principal and Rs 2.79 crore in accrued interest, as of March 31, 2025. The proposal, which garnered an overwhelming 99.99% vote in favour, aims to strengthen the company’s balance sheet and provide a fresh start as it continues its turnaround strategy.