Prataap Snacks Limited has announced a board meeting scheduled for Monday, April 27, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will address key financial matters for the concluded financial year.

Board Meeting Agenda

The board of directors will convene to consider and approve several important matters during the upcoming meeting:

Trading Window Closure

In adherence to insider trading prevention measures, the company has implemented a trading window closure for designated persons. The restrictions are part of the company's code of conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Compliance

The board meeting intimation has been formally communicated to both major stock exchanges where the company's shares are listed. Company Secretary Sanjay Chourey signed the official communication dated April 22, 2026, ensuring compliance with SEBI listing regulations.

The company operates under CIN: L15311MP2009PLC021746 and maintains its commitment to transparent corporate governance practices through timely disclosure of material information to stakeholders and regulatory authorities.

Prataap Snacks Limited has received a significant tax demand notice from the Income Tax Department, marking a notable regulatory development for the snacks manufacturer. The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessment Order and Tax Demand Details

The Income Tax Department's Faceless Assessment Unit issued an Assessment Order dated March 26, 2026, under Section 143(3) read with Section 144B of the Income-tax Act, 1961. Along with this, a Notice of Demand dated March 26, 2026, was issued under Section 156 of the Act for the scrutiny assessment of Assessment Year 2024-25.

Nature of Tax Demand

The substantial tax demand of ₹15,36,16,600 has been raised pursuant to certain additions and disallowances made during the course of assessment proceedings. The company received the order and notice on March 27, 2026, one day after the documents were issued by the tax authorities.

Company's Response and Legal Position

Prataap Snacks has outlined its strategy to contest the tax demand through proper legal channels. The company is in the process of filing an appeal before the Higher Appellate Authorities against the said order within the prescribed timelines.

Key Company Statements:

• The company believes it has adequate factual and legal grounds to reasonably substantiate its position in the matter
• Management expects the demand to subside following the appeal process
• No anticipated impact on financial operations or other activities of the company

Financial and Operational Impact

Despite the significant monetary value of the tax demand, Prataap Snacks has stated that there is no expected impact on its financial operations or other business activities. The company's confidence in its legal position suggests it views this as a procedural matter that will be resolved through the appellate process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The company acknowledged a delay in disclosure, stating it was inadvertent and was swiftly reported once brought to the notice of the undersigned official. The intimation has also been uploaded on the company's website at www.yellowdiamond.in for public access.