Authum Investment & Infrastructure Limited has increased its ownership stake in Prataap Snacks to 47.04%, following the acquisition of 7,841 equity shares through an open market purchase on August 6, 2026. The acquisition reinforces the promoter group’s control over the Indore-based snack manufacturer, which is listed on both the BSE and NSE. This regulatory disclosure under SEBI’s SAST Regulations highlights continued confidence from the promoters, who now hold nearly half of the company’s voting capital.

The acquisition was executed via market purchase, adding 0.03% to Authum Investment’s existing holding. Prior to this transaction, the promoter group held 1,12,40,198 shares, constituting 47.01% of the total share and voting capital. The newly acquired shares are ordinary equity shares with a face value of ₹5 each and carry no special rights or encumbrances such as pledges or liens. The disclosure was submitted to the stock exchanges on August 7, 2026, by Dipyanti Jaiswar, Company Secretary of Authum Investment & Infrastructure Limited.

Shareholding Structure Update

The following table details the change in the promoter group’s holding before and after the recent acquisition:

Prataap Snacks Limited’s total equity share capital remains unchanged at 2,39,10,527 shares, aggregating to ₹11,95,52,635. The diluted share capital also stands at the same figure, indicating no outstanding convertible securities or warrants that would alter the voting power calculation upon conversion.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. As part of the compliance process, Authum Investment & Infrastructure Limited, identified as a promoter entity, provided its PAN (AADCS2471H) and confirmed that no persons acting in concert (PACs) were involved in this specific transaction beyond the acquirer itself. The filing ensures transparency regarding the promoter group’s accumulation of stakes in the listed entity, allowing investors to track changes in corporate control accurately.

Prataap Snacks has granted 50,906 Employee Stock Appreciation Rights (ESARs) to eligible employees under its Prataap Employees Stock Appreciation Rights Plan 2018. The Nomination and Remuneration Committee approved the grant during its meeting on August 1, 2026, continuing the firm’s equity-based compensation strategy designed to align employee interests with long-term shareholder value. This move reinforces retention efforts by offering financial upside linked to the company’s stock performance.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof. The scheme complies with the SEBI (Share Based Employee Benefits) Regulations, 2021, and follows the framework outlined in SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. Company Secretary Sanjay Chourey confirmed that the requisite details have been submitted to both the National Stock Exchange of India Limited and BSE Limited for record purposes.

Key Details of the ESAR Grant

The financial and structural parameters of the newly granted ESARs are outlined below:

Upon exercise, the number of shares allotted will be determined by the formula: (Appreciation per ESAR x Number of ESARs exercised) / Market Price with reference to the date of exercise. Grantees are required to pay the face value of the shares prevailing at the time of allotment.

Plan Status and Historical Adjustments

As of the grant date, the total number of ESARs vested under the plan stands at 4,40,701. Of these, 1,41,329 ESARs have been exercised, resulting in the allotment of 50,935 shares. The company realized proceeds of Rs. 2,54,675 from these exercises. Conversely, 3,17,725 ESARs have lapsed due to non-exercise within the stipulated timeframes.

The Nomination and Remuneration Committee has previously adjusted exercise periods to benefit grantees. In a meeting on August 2, 2023, the committee extended the exercise period by two years for 3,47,000 ESARs granted on August 9, 2019, covering vesting dates up to August 8, 2025, and August 8, 2026. Most recently, on August 1, 2026, the committee extended the exercise period by two years for 1,02,716 ESARs granted on August 19, 2022, pushing the first vesting deadline to August 18, 2028.

What the Numbers Show

The dilution impact of the plan remains contained, with diluted earnings per share calculated at Rs. 1.03 following the issue of equity shares upon exercise. The significant number of lapsed ESARs (3,17,725) suggests that a portion of the initial pool did not meet vesting conditions or was not exercised within the window, indicating strict adherence to performance or tenure-based criteria. The recent extensions granted by the committee reflect a flexible approach to retention, allowing employees additional time to realize the value of their awards amidst market volatility.