The Independent Directors Committee (IDC) of Prataap Snacks Limited has given its nod to shareholders to accept the open offer made by Authum Investment & Infrastructure Limited and Ms. Mahi Madhusudan Kela. The offer aims to acquire up to 62,98,351 equity shares, representing 26.01% of the voting share capital, at a price of ₹864.00 per share.

Offer Details and Valuation

The IDC has deemed the offer both fair and reasonable, citing that the offer price surpasses the 60-day volume-weighted average price of ₹860.82 per share. This assessment provides a benchmark for shareholders to consider when evaluating the offer's value proposition.

Market Dynamics

It's worth noting that while the offer price has been deemed fair by the committee, it stands below the current market valuation. Prataap Snacks' shares closed at ₹1,055.35 on the stock exchange, presenting a significant premium to the offer price.

IDC Recommendation and Shareholder Guidance

Despite their positive view of the offer, the IDC has advised shareholders to conduct their own independent evaluation before making a decision. This recommendation underscores the importance of individual assessment based on personal financial goals and market perspectives.

Offer Management

JM Financial Limited has been appointed as the manager to oversee the offer process, ensuring compliance with regulatory requirements and facilitating the transaction.

Implications for Shareholders

The open offer presents Prataap Snacks' shareholders with a strategic decision. While the offer price is lower than the current market price, it provides a guaranteed exit opportunity at a price validated by the company's independent directors. Shareholders must weigh the certainty of the offer against potential future market movements and their individual investment strategies.

Investors are encouraged to review all relevant documents and seek professional advice if needed before making their decision on the open offer.

Prataap Snacks Limited, the popular Indian snack food company, has issued a clarification regarding recent reports about investor Mahi Madhusudhan Kela's alleged exit from the company. The snack maker has firmly stated that these reports are inaccurate and that Kela remains invested in the company.

Official Clarification

In an official statement to the stock exchanges, Prataap Snacks addressed the news article titled "Top Investors: A Wealthcheck" published in The Economic Times on August 13, 2025. The company categorically denied the claim that Mahi Madhusudhan Kela had exited his investment in Prataap Snacks.

Sanjay Chourey, Company Secretary of Prataap Snacks, stated in the filing, "We would like to clarify that the said news item is factually incorrect and misleading. We confirm that Mr. Mahi Madhusudhan Kela continues to hold his investment in the Company and there has been no such exit as alleged in the said article."

Investor Advisory

The company has urged investors and stakeholders to exercise caution and not rely on unfounded news items. This move underscores Prataap Snacks' commitment to transparency and accurate information dissemination to its shareholders and the public.

Regulatory Compliance

The clarification was made under Regulation 30(11) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to regulatory standards and its proactive approach to addressing market rumors.

About Prataap Snacks

Prataap Snacks, known for its Yellow Diamond brand, is a key player in the Indian snack food market.

This clarification from Prataap Snacks highlights the importance of official company communications in dispelling market rumors and maintaining investor confidence. As always, investors are advised to rely on official statements and regulatory filings for accurate information about their investments.