Prataap Snacks has received formal requests from six individuals classified as promoters to reclassify their shareholdings from the "Promoter/Promoters Group" to the "Public" category. This disclosure, made pursuant to Regulation 31A(8)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was submitted to both the National Stock Exchange of India Limited and BSE Limited on August 1, 2026.

The reclassification request impacts the company's promoter holding percentage and increases the public shareholding base. Under the Listing Regulations, such reclassifications are permitted when promoters wish to be treated as part of the public category for regulatory compliance purposes. The company stated it would take necessary steps within the time and manner required by the regulations.

Shareholder Details

The requests were dated August 1, 2026, and involve the following shareholders:

Three of the six named shareholders — Mr. Arun Kumar Mehta, Mrs. Kanta Mehta, and Mr. Rajesh Kumar Mehta — currently hold nil shares in the company. The remaining three shareholders collectively hold 5,11,136 shares, representing 2.14% of the paid-up capital.

Regulatory Context

Regulation 31A of the SEBI LODR Regulations governs the classification of shareholders into promoter and public categories. Reclassification from promoter to public category is a procedural step that requires disclosure to stock exchanges. It does not imply a sale or transfer of shares but changes how the holding is categorized for compliance with public shareholding norms.

Sanjay Chourey, Company Secretary and Compliance Officer at Prataap Snacks Limited, signed the intimation letter. The company’s registered office is located in Indore, Madhya Pradesh.

What This Means for Investors

The reclassification will increase the reported public shareholding of Prataap Snacks Limited by approximately 2.14%. This may help the company maintain or improve its compliance with minimum public shareholding requirements mandated by SEBI. Investors should note that this is a regulatory reclassification and does not involve any change in beneficial ownership or control of the company.

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.