Authum Investment & Infrastructure Limited has increased its stake in prataap snacks by acquiring 2,73,968 equity shares through market purchases on August 07, 2026. The acquisition raises the promoter group’s aggregate holding to 1,15,22,007 shares, accounting for 48.19% of the target company’s total voting capital. This move reinforces the promoter’s control over the snack manufacturer, which is listed on both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Authum Investment & Infrastructure Limited, identified as a promoter entity, executed the buy-in via open market transactions. The acquired securities are ordinary equity shares with a face value of ₹5 each, carrying no special rights or conversion features. The acquisition did not involve any pledges, liens, or other encumbrances.

Prior to this transaction, Authum Investment held 1,12,48,039 shares, representing a 47.04% stake in Prataap Snacks Limited. The addition of 2,73,968 shares, equivalent to 1.15% of the total share capital, brings the post-acquisition holding to 48.19%. The total diluted share/voting capital remains unchanged at 2,39,10,527 equity shares, aggregating to ₹11,95,52,635.

Shareholding Structure

The filing confirms that there are no warrants, convertible securities, or other instruments entitling the acquirer to receive additional shares carrying voting rights. Similarly, there are no voting rights held otherwise than by equity shares. The mode of acquisition was strictly market purchase, with no inter-se transfers or preferential allotments involved in this specific transaction.

What the Numbers Show

The incremental increase of 1.15% in the promoter’s stake indicates continued confidence from Authum Investment & Infrastructure Limited in Prataap Snacks Limited. By purchasing shares in the open market rather than through private placements or rights issues, the acquirer utilized existing liquidity without diluting minority shareholders. The absence of any encumbrances on the newly acquired or existing shares suggests a clean balance sheet position for the promoter group regarding its equity holdings in the target company.

Prataap Snacks Limited announced that Chetan Kumar Mathur ceased to serve as an Independent Director on August 6, 2026, marking the conclusion of his second tenure. The departure is a routine governance event triggered by the statutory limit on director tenures rather than any operational or financial distress. This change ensures compliance with corporate governance norms while the Board prepares for the appointment of a successor to maintain independent oversight.

The cessation took effect from the close of business hours on August 6, 2026. Prataap Snacks Limited notified the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full regulatory transparency regarding the change in board composition.

Board Appreciation

The Board of Directors and management expressed sincere gratitude for the extensive contribution made by Chetan Kumar Mathur during his tenure. His departure concludes a period of independent oversight that aligns with the company’s governance framework. The Board acknowledged his role in guiding the company through its recent strategic phases.

Director Details

Sanjay Chourey, Company Secretary of Prataap Snacks Limited, signed the intimation letter addressed to the listing departments of both exchanges. The company’s registered office remains at Khasra No. 378/2, Nemawar Road, Near Makrand House, Palda, Indore, Madhya Pradesh - 452 020, India. Shareholders and stakeholders are advised that this transition does not impact ongoing operations or financial reporting cycles.