Prataap Snacks Approves Acquisition, Management Changes; Reports Q2 Financial Results

Prataap Snacks Approves Acquisition, Management Changes; Reports Q2 Financial Results​

Prataap Snacks Limited announced significant corporate decisions following its Board meeting on August 1, 2026. The company approved the acquisition of a land-holding entity and addressed management changes, while also releasing the Unaudited Financial Results for the quarter ending June 30, 2026.

The Board reviewed the financials, approved employee stock appreciation rights, confirmed the reclassification status of certain shareholders, and finalized decisions regarding executive appointments and an acquisition deal.

Financial Performance Summary​

Prataap Snacks Limited presented its Unaudited Ind AS Financial Results for the quarter ended June 30, 2026. The results show substantial Total Income (I + II) at 49,413.37 INR lakhs.

The company reported a Net Profit of 247.19 INR lakhs and a Total Comprehensive Income of 250.47 INR lakhs for the period.

Key financial metrics for the quarter include:

• Total Revenue from Operations: 49,043.33 INR lakhs (compared to 40,894.18 INR lakhs in Q2 FY25-26).
• Total Expenses: 49,077.76 INR lakhs.
• Profit before Tax: 335.61 INR lakhs.

A Limited Review Report on these unaudited financial results was also issued by the Statutory Auditor. The company noted that it had received an insurance claim of INR 77.17 Lakhs during FY2025-26, which was classified as an exceptional item in the previous year's results.

Strategic Acquisition and Transaction Details​

The Board approved the acquisition of RLOP Food Processing Private Limited (the "Target Company"). The transaction involves acquiring 100% of all issued, subscribed, and paid-up share capital for a cash consideration of up to Rs. 16.50 Crores.

RLOP Food Processing Private Limited is incorporated under the Companies Act, 2013 and has not commenced commercial operations. The acquisition is strategic, as it provides the Company with Government-allotted leasehold land intended for the planned Greenfield manufacturing project. The transaction was noted to be free of related party interest and is expected to be completed on or before September 15, 2026.

Promoter Reclassification Approved​

The Board considered requests received from several members of the Promoter Category seeking reclassification to the Public category. After reviewing the declarations and undertakings submitted by these individuals, the Board approved their reclassification subject to shareholder approval and no-objection from Exchanges.


The Board confirmed that these Promoters do not exercise control or influence over the company's affairs and are not involved in day-to-day operations or management.

Management Appointments and ESARP Allocation​

Several key operational decisions were ratified by the Board:

• Executive appointments: Mr Amit Kumat was reappointed as Managing Director and Chief Executive Officer for a further term of 5 years, effective September 23, 2026. Similarly, Mr Apoorva Kumat was reappointed as Executive Director for 5 years, effective November 2, 2026.
• ESARP Approval: The company approved the allotment of 19,428 equity shares (face value Rs. 5/- each) to eligible employees under the Prataap Employees Stock Appreciation Rights Plan 2018. Furthermore, 50,906 Employee Stock Appreciation Rights (ESARs) were granted to employees under the same plan.

Details concerning these ESARs showed that of the 50,935 shares arising from exercised ESARs, a total of 50,906 were granted as part of the recent approval.

DIAMONDYD Stock Price Movement​

Prataap Snacks Limited saw its equity rally on Friday, as shares closed up 3.08% at ₹1159.50 after trading gains of ₹34.60. The movement came amidst trading volumes totaling 19,008 shares.