Prataap Snacks Board Approves Promoter Reclassification, Acquisition

Prataap Snacks Limited's Board of Directors, in a meeting held on August 1, 2026, approved several key decisions. These include the reclassification of certain promoter group members to the public category under SEBI regulations, subject to exchange approval. The board also approved the acquisition of 100% of RLOP Food Processing Private Limited for up to ₹16.50 Crores in cash. Additionally, the company approved the allotment of 19,428 equity shares and granted 50,906 Employee Stock Appreciation Rights (ESARs) under its ESARP 2018 plan. The re-appointment of Mr. Amit Kumat as MD & CEO and Mr. Apoorva Kumat as Executive Director for further terms was also approved, pending shareholder consent. The unaudited financial results for the quarter ended June 30, 2026, were also considered.