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.

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.