Prataap Snacks logo

Prataap Snacks CEO, MD, chairman, board of directors and AGM

NSE: DIAMONDYDBSE: 540724Food ProductsSmall Cap

Last close ₹1,034.60down ₹16.40 (1.56%)BSE ₹1,031.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,051.00.

52-week range of traded prices to 23 Oct 2026
₹858.90Low, 27 Mar 2026₹1,245.00High, 11 Aug 2026
Market cap
₹2,476 Cr1,064th largest listed
P/E
215.4
P/E without one-offs
189.3
P/B
3.5
Dividend yield
0.05%
ROE
1.7%
ROE without one-offs
1.9%
ROCE
2.3%
Debt to equity
0.02
Volume, NSE
9,48841.5% delivered

Prataap Snacks board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing director and CEOAmit Kumat
  • ChairpersonApoorva KumatRelated to the promoter
  • Company Secretary and Compliance OfficerSanjay Chourey

4 directors2 independent2 executive

  • Amit Kumat · Managing director and CEOExecutive · joined May 2011 · reappointed Sep 2026 · 1 listed board · 2 committee seats
  • Apoorva Kumat · ChairpersonExecutive · joined Nov 2018 · reappointed Nov 2021 · 1 listed board · 1 committee seat
  • Bharadwaj Thiruvenkata VenkatavaraghavanIndependent · joined Jul 2019 · reappointed Jul 2024 · 87 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Venu VashistaIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Chetan Kumar Mathur, left 6 Aug 2026: Tenure Completion
  • Arvind Mehta, left 31 Jul 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 1 Aug 20265 of 5 present3 independent · 95 days in between
    • 27 Apr 20266 of 6 present3 independent

  • Audit Committee

    Chair Bharadwaj Thiruvenkata Venkatavaraghavan

    Venu Vashista, Amit Kumat

    • 1 Aug 20263 of 3 present3 independent · 95 days in between
    • 27 Apr 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Bharadwaj Thiruvenkata Venkatavaraghavan

    Apoorva Kumat, Venu Vashista

    • 1 Aug 20263 of 3 present2 independent · 95 days in between
    • 27 Apr 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Bharadwaj Thiruvenkata Venkatavaraghavan

    Amit Kumat, Apoorva Kumat, Venu Vashista

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Venu Vashista

    Amit Kumat, Bharadwaj Thiruvenkata Venkatavaraghavan

    • 1 Aug 20263 of 3 present2 independent · 95 days in between
    • 27 Apr 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Venu Vashista

    Amit Kumat, Bharadwaj Thiruvenkata Venkatavaraghavan

    • 1 Aug 20263 of 3 present2 independent · 95 days in between
    • 27 Apr 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Prataap Snacks AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Prataap Snacks dividend history

Annual general meeting, 24 Sep 2026

12,767 shareholders on the register on 18 Sep 2026; present: 9 promoters and 43 others; votes counted by Mr. Ritesh Gupta / Ritesh Gupta & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2026 and the Reports of the Board of Directors and Auditor thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.43% · promoters 93.42% · institutions 9.14% · other public 4.71%

  2. Declaration of dividend of Rs. 0.50 per equity share (i.e. 10%) of face value of Rs. 5.00 each fully paid-up for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.43% · promoters 93.42% · institutions 9.14% · other public 4.71%

  3. Re-appointment of Mr. Apoorva Kumat (DIN: 02630764) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 50.63% · promoters 81.87% · institutions 9.14% · other public 4.71%

  4. Re-appointment of M/s B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022) as Statutory Auditors of the Company for second term of five (5) consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.43% · promoters 93.42% · institutions 9.14% · other public 4.71%

  5. Re-appointment of Mr. Amit Kumat as Managing Director and Chief Executive Officer of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 50.63% · promoters 81.87% · institutions 9.14% · other public 4.71%

  6. Re-appointment of Mr. Apoorva Kumat as Chairman and Executive Director (Operations) of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 50.63% · promoters 81.87% · institutions 9.14% · other public 4.71%

  7. Payment of remuneration to Independent Directors of the Company in case of no profit or inadequate profit.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 57.43% · promoters 93.42% · institutions 9.14% · other public 4.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 6 Aug 2025, 11 resolutions

19,644 shareholders on the register on 31 Jul 2025; present: 10 promoters and 34 others; votes counted by Mr. Ritesh Gupta / Ritesh Gupta & Co..The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditor thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  2. Declaration of dividend of Rs. 0.50 per equity share (i.e. 10%) of face value of Rs. 5.00 each fully paid-up for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  3. Re-appointment of Mr. Arvind Mehta (DIN: 00215183) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 59.09% · promoters 91.84% · institutions 15.02% · other public 21.46%

  4. Alteration in the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  5. Alteration in Article of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  6. Adoption of new set of Memorandum of Association of the Company in the form of Table A of Schedule I of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  7. Appointment of M/s. Ritesh Gupta & Co., Company Secretaries as Secretarial Auditor of the Company for a term of five (5) consecutive years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  8. Payment of remuneration to Independent Directors of the Company in case of no profit or inadequate profit
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.49% · promoters 98.02% · institutions 15.02% · other public 21.46%

  9. Payment of remuneration to Mr. Arvind Mehta (DIN: 00215183), Chairman and Executive Director of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 53.89% · promoters 82.37% · institutions 15.02% · other public 21.46%

  10. Payment of remuneration to Mr. Amit Kumat (DIN:02663687), Managing Director and Chief Executive Officer of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 54.98% · promoters 84.35% · institutions 15.02% · other public 21.46%

  11. Payment of remuneration to Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 54.98% · promoters 84.35% · institutions 15.02% · other public 21.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2024, 4 resolutions

Present: 6 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditor thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 70.70% · promoters 96.01% · institutions 73.59% · other public 1.59%

  2. Declaration of dividend of Rs. 2.00 per equity share (i.e. 40%) of face value of Rs. 5.00 each fully paid-up for the financial year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 70.70% · promoters 96.01% · institutions 73.59% · other public 1.59%

  3. Re-appointment of Mr. Apoorva Kumat (DIN: 02630764) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 9.21% · other public 0.52%

    Turnout: all 68.13% · promoters 91.70% · institutions 73.59% · other public 1.59%

  4. Appointment of Mrs. Venu Vashista (DIN: 09006358) as a Non-Executive, Independent Director of the Company.
    Special
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.99%

    Turnout: all 70.70% · promoters 96.01% · institutions 73.59% · other public 1.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Jun 2024, 4 resolutions

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. V.T. Bharadwaj (DIN: 02918495) as a Non-Executive, Independent Director of the Company
    Special
    90.29% for9.71% against

    Against: promoters 0.00% · institutions 56.07% · other public 56.80%

    Turnout: all 73.71% · promoters 94.89% · institutions 59.82% · other public 15.94%

  2. Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Arvind Mehta (DIN: 00215183), Chairman and Executive Director of the Company
    SpecialPromoters have an interest in it
    98.93% for1.07% against

    Against: promoters 0.00% · institutions 8.02% · other public 0.02%

    Turnout: all 72.12% · promoters 92.42% · institutions 59.82% · other public 15.94%

  3. Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Amit Kumat (DIN: 02663687), Managing Director and Chief Executive Officer of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 71.07% · promoters 90.79% · institutions 59.82% · other public 15.94%

  4. Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 71.14% · promoters 90.90% · institutions 59.82% · other public 15.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Aug 2023, 3 resolutions

Present: 11 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Adoption of:n(a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditor thereon; andnn(b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Report of Auditor thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 82.63% · promoters 94.72% · institutions 92.54% · other public 13.51%

  2. Declaration of dividend of Rupee 1.00 per equity share (i.e. 20%) of face value of Rs. 5.00 each fully paid-up for the financial year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 82.63% · promoters 94.72% · institutions 92.54% · other public 13.51%

  3. Re-appointment of Mr. Arvind Mehta (DIN: 00215183) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.00%

    Turnout: all 80.22% · promoters 91.26% · institutions 92.54% · other public 13.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 May 2023, 5 resolutions

The company's voting result (opens in a new tab)

  1. Payment of remuneration to Non-executive Directors including Independent Directors of the Company
    Ordinary
    87.90% for12.10% against

    Against: promoters 0.00% · institutions 82.56% · other public 0.21%

    Turnout: all 83.96% · promoters 100.00% · institutions 74.47% · other public 3.87%

  2. Payment of remuneration to Independent Directors of the Company in case of no profit or inadequate profit
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 83.96% · promoters 100.00% · institutions 74.47% · other public 3.87%

  3. Payment of remuneration to Mr. Arvind Mehta (DIN: 00215183), Executive Director of the Company in case of no profit or inadequate profit
    SpecialPromoters have an interest in it
    97.65% for2.35% against

    Against: promoters 0.00% · institutions 15.55% · other public 0.23%

    Turnout: all 81.50% · promoters 96.55% · institutions 74.47% · other public 3.87%

  4. Payment of remuneration to Mr. Amit Kumat (DIN: 02663687), Managing Director and Chief Executive Officer of the Company in case of no profit or inadequate profit
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 81.27% · promoters 96.23% · institutions 74.47% · other public 3.87%

  5. Payment of remuneration to Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company in case of no profit or inadequate profit
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 81.34% · promoters 96.33% · institutions 74.47% · other public 3.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Dec 2022, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Bharat Singh (DIN: 08222884) as a Director (Non-Executive, Nominee Director), liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 82.14% · promoters 96.55% · institutions 78.21% · other public 4.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 12 Aug 2022, 1 resolution

Present: 12 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Approval of Scheme of Amalgamation of Avadh Snacks Private Limited (“Transferor Company 1”) and Red Rotopack Private Limited (“Transferor Company 2”) with Prataap Snacks Limited (“Transferee Company”) and their respective shareholders and creditors (“Scheme”) under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions thereof.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 82.39% · promoters 100.00% · institutions 64.57% · other public 3.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 6 Aug 2025, 2 fund houses

  • Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditor thereon
    2 for0 against
  • Declaration of dividend of Rs. 0.50 per equity share (i.e. 10%) of face value of Rs. 5.00 each fully paid-up for the financial year ended March 31, 2025
    2 for0 against
  • Re-appointment of Mr. Arvind Mehta (DIN: 00215183) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Director is holding combined position of Chairperson & Executive Director; it may lead to concentration of powers in the hands of a single Director.
    1 for1 against
  • Alteration in the Object Clause of the Memorandum of Association of the Company
    2 for0 against
  • Alteration in Article of Association of the Company
    2 for0 against
  • Adoption of new set of Memorandum of Association of the Company in the form of Table A of Schedule I of the Companies Act, 2013
    2 for0 against
  • Appointment of M/s. Ritesh Gupta & Co., Company Secretaries as Secretarial Auditor of the Company for a term of five (5) consecutive years
    2 for0 against
  • Payment of remuneration to Independent Directors of the Company in case of no profit or inadequate profit
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-Compliant with Schedule V to the Companies Act, 2013: Disclosures as required under Schedule V to the Companies Act, 2013 not made in the explanatory statement. Transparency Concern: The Company has stated in the Resolution that the commission to IDs in case of loss / inadequate profits is permissible if the Resolution is approved by shareholders through a “Special Resolution”. However, they have proposed an “Ordinary Resolution. Similar concern has been identified under Resolutions #9, #10 & #11 as well.
    1 for1 against
  • Payment of remuneration to Mr. Arvind Mehta (DIN: 00215183), Chairman and Executive Director of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundTransparency Concern: Matter proposed vide an Ordinary Resolution; the Explanatory Statement indicates that the Remuneration may exceed Schedule V limits, which requires the proposal be a Special Resolution. Governance Concern: Director is holding combined position of Chairperson & Executive Director; it may lead to concentration of powers in the hands of a single Director.
    1 for1 against
  • Payment of remuneration to Mr. Amit Kumat (DIN:02663687), Managing Director and Chief Executive Officer of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundTransparency Concern: Matter proposed vide an Ordinary Resolution; the Explanatory Statement indicates that the Remuneration may exceed Schedule V limits, which requires the proposal be a Special Resolution
    1 for1 against
  • Payment of remuneration to Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company, in case of no profit or inadequate profit, in accordance with the provisions of Section 197 and Schedule V of the Companies Act, 2013MoreLess
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundTransparency Concern: Matter proposed vide an Ordinary Resolution; the Explanatory Statement indicates that the Remuneration may exceed Schedule V limits, which requires the proposal be a Special Resolution
    1 for1 against

Mutual fund votes, meeting of 23 Sep 2024, 4 fund houses

  • Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditor thereon.
    4 for0 against
  • Declaration of dividend of Rs. 2.00 per equity share (i.e. 40%) of face value of Rs. 5.00 each fully paid-up for the financial year ended 31st March, 2024.
    4 for0 against
  • Re-appointment of Mr. Apoorva Kumat (DIN: 02630764) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    Against SBI Mutual Fund
    • SBI Mutual FundApoorva Kumat, 56, is promoter and Executive Director – Operations, Prataap Snacks Ltd. He has been associated with the company since 2 November 2018. SBIMF’s internal proxy voting guidelines do not allow us to vote in favour of promoter directors’ appointment/re-appointment if the board is not 50% independent both in number and spirit. We observe that there are 6 Board of Directors (BODs), out of which 3 are classified as independent directors and out of which 1 ID is long tenured, due to long association with the group company. Hence, the effective independence is assessed at 33%. We wish to clarify that we do not have any doubt about the competency of the directors. Our only concern is <50% independence on the board. We do not support the resolution.
    3 for1 against
  • Appointment of Mrs. Venu Vashista (DIN: 09006358) as a Non-Executive, Independent Director of the Company.
    4 for0 against
5 earlier meetings

Mutual fund votes, meeting of 28 Jun 2024, 4 fund houses

  • Re-appointment of Mr. V.T. Bharadwaj (DIN: 02918495) as a Non-Executive, Independent Director of the Company
    Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, SBI Mutual Fund
    • Bajaj Finserv Mutual Fund, Bandhan Mutual FundCompliant with law. Governance concern: Associated with Promoter Group Company as MD. Prolonged association with the Group/Company.
    • SBI Mutual FundV. T. Bharadwaj, 45, is Partner, A91 Partners. Prior to this he was Managing Director, Sequoia Capital from 2011 to 2018. He has attended 75% (3 of 4 meetings) held in FY23 and all six meetings held in FY24. He was appointed to the board on 12 May 2011 as Nominee Director of Sequoia Capital. Subsequently, in July 2019 he was appointed as Independent Director of the company. We do not support his reappointment given that he has been on the board since May 2011 and there has been no cooling-off period between his various roles on the board. Hence, we cannot support the resolution.
    1 for3 against
  • Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Arvind Mehta (DIN: 00215183), Chairman and Executive Director of the Company
    Against Bajaj Finserv Mutual Fund
    • Bajaj Finserv Mutual FundCompliant with law. Governance concern: Holds dual position of Chairman and Executive Director.
    3 for1 against
  • Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Amit Kumat (DIN: 02663687), Managing Director and Chief Executive Officer of the Company
    4 for0 against
  • Introduction of performance linked variable pay in addition to the existing approved remuneration of Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company
    4 for0 against

Mutual fund votes, meeting of 3 Aug 2023, 4 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of:n(a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditor thereon; andnn(b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Report of Auditor thereon.nMoreLess
    4 for0 against
  • Declaration of dividend of Rupee 1.00 per equity share (i.e. 20%) of face value of Rs. 5.00 each fully paid-up for the financial year ended 31st March, 2023.
    3 for0 against
  • Re-appointment of Mr. Arvind Mehta (DIN: 00215183) as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
    4 for0 against
1 proposal not matched to one resolution
  • 2) To declare dividend on equity shares for FY23.
    1 for0 against

Mutual fund votes, meeting of 23 May 2023, 4 fund houses

  • Payment of remuneration to Non-executive Directors including Independent Directors of the Company
    Against Kotak Mahindra Mutual Fund, SBI Mutual Fund
    • Kotak Mahindra Mutual FundThe company has mentioned that the remuneration would not exceed 1% percent of the Net Profit of the Company for the relevant financial year as specified under Section 197 of the Act. Though compliant with law, the company has not mentioned the time period for remuneration it seems to be until perpetuity. Such perpetual terms are not shareholder friendly in nature and are against the spirit of law, hence voting against.
    • SBI Mutual FundThe company had sought shareholder approval in 2019 for payment of commission to its Non-Executive Directors (including Independent Directors) up to 1% of net profits for five years from 1 April 2018. The approval was valid till 31 March 2023; the company now seeks a similar approval for paying commission from 1 April 2023. The company paid commission to its Independent directors in the range of Rs. 0.45 mn – Rs. 0.50 mn per annum in last four years; no commission was paid to non-executive non-independent directors. The proposed commission is in line with the statutory regulations and is a compensation for the time and effort invested by the non-executive directors in the company. However, the company has not defined a tenure for validity of the resolution and thus, the resolution is effectively valid in perpetuity. We believe shareholders must get a chance to periodically approve such payments and therefore do not support the resolution. We believe the company should have capped the commission in absolute terms.
    2 for2 against
  • Payment of remuneration to Independent Directors of the Company in case of no profit or inadequate profit
    4 for0 against
  • Payment of remuneration to Mr. Arvind Mehta (DIN: 00215183), Executive Director of the Company in case of no profit or inadequate profit
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance concern: Holds dual position of Chairman and Executive director.
    3 for1 against
  • Payment of remuneration to Mr. Amit Kumat (DIN: 02663687), Managing Director and Chief Executive Officer of the Company in case of no profit or inadequate profit
    4 for0 against
  • Payment of remuneration to Mr. Apoorva Kumat (DIN: 02630764), Executive Director (Operations) of the Company in case of no profit or inadequate profit
    4 for0 against

Mutual fund votes, meeting of 25 Dec 2022, 4 fund houses

  • Appointment of Mr. Bharat Singh (DIN: 08222884) as a Director (Non-Executive, Nominee Director), liable to retire by rotation
    4 for0 against

Mutual fund votes, meeting of 12 Aug 2022, 4 fund houses

  • Approval of Scheme of Amalgamation of Avadh Snacks Private Limited (“Transferor Company 1”) and Red Rotopack Private Limited (“Transferor Company 2”) with Prataap Snacks Limited (“Transferee Company”) and their respective shareholders and creditors (“Scheme”) under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions thereof.MoreLess
    4 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtRLOP Food Processing Private LimitedSince 28 Aug 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.