Authum Investment & Infrastructure Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Authum Investment & Infrastructure Limited, the promoter of Prataap Snacks Limited, has filed its annual disclosure under Regulation 31(4) of SEBI's Takeover Regulations. The disclosure confirms that the promoter and persons acting in concert did not create any encumbrance (such as pledge or lien) on their shares during the financial year ended March 31, 2025. As of March 31, 2025, Authum holds 1,02,48,582 shares in Prataap Snacks, representing 42.33% of the company's total share and voting capital. This is a routine annual compliance filing required from promoters.
No negative impact on shareholders. The filing confirms the promoter has not pledged any of its 42.33% stake, which is a positive sign indicating no financial stress or leveraging of promoter holdings. The promoter's stake remains below 50%, meaning it is the largest shareholder but not a majority owner.