Prataap Snacks: Stock Exchanges Grant No-Objection for Promoter Reclassification

Prataap Snacks Ltd has received no-objection letters from BSE Limited and the National Stock Exchange of India Limited for the re-classification of certain promoter group members to the 'Public' category. This follows an application made on August 4, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The stock exchanges granted their approval on October 22, 2026. The re-classification impacts individuals like Mr. Arvind Mehta, Mr. Naveen Mehta, Mrs. Rita Mehta, and others, who were previously part of the promoter group. The company is required to ensure compliance with subsequent disclosure requirements related to this re-classification.