Prataap Snacks Limited has accepted the resignation of Arvind Kumar Mehta from the roles of Chairman and Executive Director, effective July 31, 2026. The departure, attributed to personal reasons, triggers a restructuring of the company’s board committees and marks a leadership transition for the snack manufacturer listed on both the National Stock Exchange of India Limited and BSE Limited.

The resignation was formally intimated to the exchanges on August 1, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III thereto. The filing references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full regulatory compliance regarding the disclosure of director changes.

Consequent to his exit from the executive role, Mr. Mehta ceases to be a member of three critical board committees: the Nomination and Remuneration Committee, the Stakeholders' Relationship Committee, and the Corporate Social Responsibility Committee. These committees will be reconstituted in due course to comply with the Companies Act, 2013 and the SEBI Listing Regulations. Sanjay Chourey, Company Secretary, signed the disclosure on behalf of the company.

Mr. Mehta’s resignation letter, dated July 31, 2026, confirms that there are no material reasons for his departure other than personal ones. He expressed gratitude to the Board of Directors, management, and colleagues for their support during his tenure. The Board acknowledged his contributions, citing his strategic vision and commitment to the company’s growth.

Key Details of Resignation

The immediate effect of the resignation means no interim acting chairman was named in the initial disclosure. Investors should monitor subsequent filings for the appointment of a successor and the reconstitution of the aforementioned committees, which are essential for ongoing corporate governance compliance.

Authum Investment & Infrastructure Limited has disclosed an encumbrance on shares held in Prataap Snacks Limited for the financial year ended March 31, 2026. The disclosure, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirms that the Promoter and Persons Acting in Concert have created a charge on a portion of their holdings.

The filing specifies that a margin pledge or margin funding for trading on the stock exchange was created over 4,60,000 shares. This encumbered amount represents 1.92% of the total share or voting capital of the company. The total shareholding of Authum Investment & Infrastructure Limited in Prataap Snacks Limited stands at 1,05,15,736 shares, which accounts for 44% of the total share or voting capital as on March 31, 2026.

Shareholding and Encumbrance Details

The following table outlines the shareholding and the specific details of the encumbrance declared by the entity:

The disclosure was addressed to the Department of Corporate Relationship at BSE Limited, the Listing Compliance Department at National Stock Exchange of India Limited, and the Audit Committee of Prataap Snacks Limited. Amit Dangi, Whole-Time Director of Authum Investment & Infrastructure Limited, signed the disclosure on behalf of the entity.