Prataap Snacks Limited has approved the re-appointment of B S R & Co. LLP as its statutory auditors for a second consecutive term of five years. The Board of Directors made the recommendation on August 1, 2026, based on advice from the Audit Committee. The move ensures continuity in financial oversight for the snack food manufacturer, subject to final ratification by shareholders at the company’s upcoming Annual General Meeting (AGM). This procedural step is critical for maintaining compliance with corporate governance standards and ensuring uninterrupted audit services through FY31.

The re-appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board approved the engagement during a meeting held on August 1, 2026. The new term will commence from the conclusion of the ensuing AGM and extend until the conclusion of the 22nd AGM, scheduled to be held in 2031. Remuneration for the audit services will be mutually agreed upon between the Board and the auditors. Sanjay Chourey, Company Secretary and Compliance Officer, signed the disclosure submitted to both the National Stock Exchange of India Limited and BSE Limited.

B S R & Co. LLP is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India. Originally constituted as a partnership firm on March 27, 1990, it was converted into a limited liability partnership on October 14, 2013. The firm holds Firm Registration No. 101248W/W-100022 and operates from its registered office in Mumbai. It maintains a significant presence with over 4,000 staff members and more than 170 partners across 14 locations in India. The firm regularly audits listed companies, including several in the consumer market sector.

Key Appointment Details

The decision to retain B S R & Co. LLP reflects the Board’s confidence in the firm’s ability to provide consistent audit quality. As a second-term appointment, this aligns with regulatory provisions allowing extended tenures for statutory auditors under specific conditions. The firm’s extensive experience in auditing consumer sector companies positions it well to understand Prataap Snacks’ operational complexities. Shareholders will vote on this resolution at the upcoming AGM, where other annual business matters will also be addressed.

What This Means for Stakeholders

The re-appointment signals stability in Prataap Snacks’ corporate governance framework. For investors, continuity in the statutory auditor often translates to smoother financial reporting cycles and deeper institutional knowledge of the company’s accounting practices. The five-year tenure provides a long-term horizon for audit planning and risk assessment. While the remuneration details remain undisclosed, the mutual agreement mechanism allows flexibility in pricing based on the scope of work. The filing confirms that all necessary disclosures under Schedule III of the SEBI LODR Regulations have been met, ensuring transparency for market participants.

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.