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.

Prataap snacks Limited has been the subject of another substantial acquisition disclosure by Authum Investment & Infrastructure Limited, as mandated under SEBI's regulatory framework. The latest acquisition represents a continued strategic move by the promoter group company to further consolidate its position in the snack foods manufacturer.

Latest Acquisition Details

Authum Investment & Infrastructure Limited acquired 80,000 equity shares of Prataap Snacks Limited through market purchase on March 30, 2026. The transaction was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011.

Updated Shareholding Pattern

The latest acquisition has resulted in Authum Investment crossing the 44% threshold in Prataap Snacks Limited. The company's shareholding position demonstrates its continued commitment as a promoter group entity with enhanced control.

Company Capital Structure

Prataap Snacks Limited's equity share capital structure remains unchanged following this acquisition. The company maintains its listing status on both major Indian stock exchanges.

Regulatory Compliance

The disclosure was made by Divy Dangi, Whole Time Director of Authum Investment & Infrastructure Limited, in compliance with SEBI regulations. The acquired shares are ordinary equity shares without any special rights or encumbrances. Authum Investment continues to operate as a promoter group entity in relation to Prataap Snacks Limited, maintaining transparency in its shareholding activities through proper regulatory filings. The company has now crossed the 44% threshold, indicating strengthened promoter control in the snack foods manufacturer.