Prataap Snacks Ltd

Prataap Snacks Limited — Trading window closes from October 1, 2026 till 48 (Forty-Eight) hours after the declaration of financial results for the quarter and half year ended September 30, 2026.

AGM details

• AGM held on 24 September 2026 at 3:30 PM IST via VC/OAVM.
• Record date 18 September 2026; 12,767 shareholders on record.
• Attendance: 52 attendees via video; promoter group absent.
• Voting conducted by remote e-voting and AGM e-voting; seven resolutions passed.

Resolutions and outcomes

• Resolution 1: Adoption of audited financial statements for year ended March 31, 2026; passed.
• Resolution 2: Dividend of Rs 0.50 per equity share; ordinary.
• Resolution 3: Re-appointment of Apoorva Kumat as Director by rotation; ordinary.
• Resolution 4: Re-appointment of Statutory Auditors for second five-year term; ordinary.
• Resolution 5: Re-appointment of Apoorva Kumat as Managing Director and CEO; special.
• Resolution 6: Re-appointment of Apoorva Kumat as Chairman and Executive Director (Operations); special.
• Resolution 7: Remuneration to Independent Directors in case of no or inadequate profit; special.

Dividend

• Dividend declared/approved: Rs 0.50 per equity share.

Directors and auditors

• Apoorva Kumat re-appointed as Director by rotation.
• Apoorva Kumat appointed as Managing Director and Chief Executive Officer.
• Apoorva Kumat appointed as Chairman and Executive Director (Operations).
• M/s B S R & Co. LLP re-appointed as Statutory Auditors for second five-year term.
• Remuneration to Independent Directors in case of no profit or inadequate profit approved.

Other material approvals

• Remuneration to Independent Directors approved under special resolution.

AGM details

• AGM held Sept 24, 2026 from 3:30 PM to 4:40 PM via VC/OAVM.
• Remote e-voting Sept 21–23, 2026; on-site voting available during the meeting.

Key resolutions

• Ordinary 1: Adopt audited financial statements and reports.
• Ordinary 2: Declare dividend on equity shares for FY2026.
• Ordinary 3: Re-appoint Apoorva Kumat as director retiring by rotation.
• Ordinary 4: Re-appoint B S R & Co. LLP as statutory auditors for second five-year term.
• Special 5: Re-appoint Amit Kumat as Managing Director and CEO.
• Special 6: Re-appoint Apoorva Kumat as Chairman and Executive Director (Operations).
• Special 7: Remuneration to independent directors in case of no or inadequate profit.

Voting status

• Results pending; Scrutinizer’s report to be declared Sept 25, 2026.

Meeting Details

• Bharat Connect 2026 – Rising, virtual, 3:00 PM (date not specified)
• Stars Conference hosted by Arihant Capital Markets Ltd, from Sep 28, 2026 onwards

Participants

• Company officials (management) to participate in meetings

Purpose

• Analyst/institutional investor meet and conference engagements

AGM notice and related investor information

• 17th AGM scheduled for Sept 24, 2026 at 3:30 PM IST via VC/OAVM.
• Annual Report FY25-26 and AGM notice available on company website and exchanges.
• Shareholders with registered emails received electronic copies; others access via link.
• Dividend for FY2025-26: ₹0.50 per share (₹5 face value).
• Record date set at 18 September 2026.
• Dividend payout timeline: within 30 days from declaration, if approved.
• TDS exemption form last date: 14 September 2026.
• E-voting from Sep 21–23, 2026; cut-off Sep 18, 2026.
• Notice and annual report available on CDSL and stock exchanges.

Dividend entitlement & AGM record date

• Record Date: Friday, September 18, 2026 to determine entitlement to dividend for FY 2025-26.
• AGM on September 24, 2026; dividend payable on or before October 22, 2026, subject to Members' approval.
• Security: Equity Shares (DIAMONDYD, 540724).

Overview

• Standalone BRSR for FY2025-26; main activity snacks.
• Manufacturing of potato chips and namkeen accounts for 99.22% of turnover.
• 14 plants in India and 5 offices; serves 30 states.

Key ESG Risks & Opportunities

• Energy management is material; monitors usage and pursues cleaner energy sources.
• Water management risk; measures include treatment, recycling, and regulatory compliance.
• GHG emissions risk; monitoring and efficiency improvements with cleaner energy adoption.
• Diversity and inclusion opportunity; diverse workforce supports engagement and performance.
• Cybersecurity risk; strengthen data protection and employee awareness.
• Plastic packaging and EPR compliance risk; monitor and improve packaging data.
• Product nutrition and health opportunity; healthier snacking drives portfolio innovation.

Governance & Policy Highlights

• Board oversight with a dedicated ESG team; updates to Risk Management Committee.
• Policies include anti-bribery, whistleblower, POSH, equal opportunity, and code of conduct.
• ISO 22000:2018 food safety certification at Indore, Tillore and Guwahati; renewal ongoing.
• CSR policy and FSC recycled paper initiative implemented; governance of environmental resources.
• No fines or penalties in FY2025-26; external assessment by Tirkha Consultants LLP.

Social Responsibility & Workforce

• Total workforce: 2,798; 1,134 permanent and 1,664 non-permanent.
• Board gender: 16.7% female; KMP female representation: 0%.
• Differently abled employees total: 6 (all male).
• LTIFR for employees and workers: 0; 100% ESI/Gratuity coverage.
• Training coverage: Board, KMP, and staff training completed; safety and POSH training 100%.

Environmental Performance

• Total energy: 357,335.43 GJ; renewable share: 192,228.46 GJ (~54%).
• GHG: Scope 1 27,587.58 tCO2e; Scope 2 9,869.47 tCO2e; intensity 21.83 tCO2e/Cr.
• Water withdrawal 99,402.03 KL; consumption 95,233.88 KL; water intensity 55.50 KL/Cr.
• Zero Liquid Discharge implemented at Indore; ~800 m3/day capacity.
• Total waste 471.96 MT; 11.32 MT plastic; 328.20 MT recycled; 143.75 MT other disposal.
• FSC recycled paper adopted for office stationery; ISO 22000:2018 renewal in progress.

Stakeholder Engagement & Complaints

• Key stakeholder groups: employees, customers, investors, value chain partners, communities.
• Customer complaints: 141 filed; 0 pending at year-end; value chain: 119 filed; 0 pending.
• POSH complaints: 0; whistleblower mechanisms in place with confidential reporting.
• Affiliations: CII, FSNM, SNAC International; engagement via multiple channels on ongoing basis.

Other Notable Metrics

• Sustainable sourcing: 36.00% inputs sourced sustainably; 21.27% from MSMEs; 100% inputs from India.
• Waste management: total waste 471.96 MT; 328.20 MT recycled; 143.75 MT disposed via other means.
• Cyber/data privacy: DPDP Act compliance; no data breaches reported.
• Product recalls: none; 0 voluntary/forced recalls.

Financial highlights

• Revenue from operations reached ₹1,725 crore, a company high.
• Gross margin 28.8%, up 160 bps YoY.
• EBITDA ₹81.8 crore, up 68%; EBITDA margin 4.7%.
• PAT ₹9.72 crore after tax; swing from loss.
• Free cash flow ₹353.2 million; positive liquidity.
• Cash and bank balances >₹93 crore; debt is negligible.
• EPS: basic ₹4.07, diluted ₹4.06.
• Dividend recommended: ₹0.50 per share (10% of face value).

Operations & footprint

• 14 manufacturing facilities (6 owned, 8 3P).
• Pan-India reach: 27 states + 4 UTs; 2.5 million retail outlets; 150+ products.
• FY26 regional mix: West 39%, North 31%, East 24%, South 6%.
• Quick Commerce launched across platforms; aim >5% revenue from emerging channels in 3 years.
• Pellets/Avadh portfolio expanded pan-India via Avadh.
• Network optimization: 16 plants downscaled from 16 to 14 with Tumkur focus.
• Two brands Yellow Diamond and Avadh span major snacking occasions.

Capital allocation & growth

• FY26: new 60,000 MT Indore facility; ~₹425 crore investment.
• FY27: aim for double-digit revenue growth; distribution expansion; SFA & QC scaling.
• Dividend policy: 10% dividend; record date 18 Sep 2026; payout by 22 Oct 2026.
• Balance sheet: debt near-zero; cash ≥₹93 crore; disciplined working capital management.

Governance & leadership

• Board size 6; Independent Directors ~50%.
• Arvind Mehta resigned as Chairman; Apoorva Kumat appointed Chairman from 1 Aug 2026.
• Amit Kumat and Apoorva Kumat reappointed as MD & ED for 5 years.
• 17th AGM slated for 24 Sep 2026.

ESG, CSR & sustainability

• Renewable energy share >54% in manufacturing.
• Indore plant operates Zero Liquid Discharge (ZLD).
• Office stationery moved to FSC-certified recycled paper.
• CSR spend ₹51.60 lakh; cumulative CSR since FY18 ₹735.32 lakh.
• ESG governance strengthened with dedicated team and board oversight.

Outlook & risks

• Palm oil and packaging cost headwinds; margin discipline through cost optimisation.
• Emerging channels (QC, Modern Trade) to drive growth; competition risk remains.
• Macro backdrop supports private consumption; FY27 double-digit revenue growth expected.

Shareholder & AGM logistics

• AGM via VC/OAVM on 24 Sep 2026; remote e-voting window (21-23 Sep 2026).
• Shares listed on NSE and BSE; ISIN INE393P01035; demat-enabled 99.99%.
• Unclaimed dividends moved to IEPF; record of payments and disclosures on investor portal.

Target overview

• Target: RLOP Food Processing Private Limited, a non-operational Indian food processing company.
• Incorporated June 24, 2014; leasehold land rights in Madhya Pradesh.
• Presence: India; no turnover reported to date.

Deal details

• Acquisition of 100% equity via cash.
• Completion on 28 August 2026.
• Aggregate consideration: ₹154.46 million.

Rationale and related party

• Strategic acquisition to hold leasehold land for Greenfield project.
• Not a related party; no promoter interest.
• Regulatory approvals: none required.

Background

• Incorporated June 24, 2014; leasehold land in Madhya Pradesh.
• Has not commenced business; no turnover in last three financial years.
• Registered office: Model Town, North West Delhi.
• Country: India.