Prataap Snacks Limited
PrataapSnacks Limited (PSL) is an Indian snack food company engaged in manufacturing and marketing of multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.
What Prataap files
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Prataap Snacks has applied to reclassify promoters holding a combined 2.14% of paid-up capital as public shareholders. This action will increase public float, modifying the company's ownership structure.
Prataap Snacks' board re-constituted its Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management, and CSR Committees. This follows the resignation of Mr. Arvind Mehta as Chairman and Mr. Apoorva Kumat's designation as the new Chairman, a key governance update.
Prataap Snacks' board approved acquiring RLOP Food Processing for up to Rs. 16.50 Cr for a new greenfield manufacturing project. Several promoters were reclassified to the public category. The company also approved financial results for the quarter and granted ESARs worth Rs. 5.90 Cr to employees. Key directors were re-appointed...
Prataap Snacks received requests from several individuals to reclassify 511,136 shares (2.14% of paid-up capital) from the promoter to the public category. This move, if approved, will boost the company's public float.
Prataap Snacks is building a new plant near Indore, adding up to 60,000 MTPA capacity for ₹425 Cr. This expansion aims to boost production, enhance automation, improve efficiency, and significantly reduce overheads, funded by internal accruals and debt.