Prataap Snacks Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
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Prataap Snacks Limited has issued a clarification in response to an Economic Times article dated 13 August 2025 that stated Ms. Mahi Madhusudhan Kela has exited her investment in the company. The company has called the news item factually incorrect and misleading, and confirmed that Ms. Kela continues to hold her investment with no such exit having taken place. The disclosure has been made under Regulation 30(11) of SEBI LODR, 2015, which pertains to rumour verification. The company has asked investors and stakeholders not to rely on the unfounded news item.
This is a denial of a potentially negative rumour about an investor exit. A confirmed exit by a notable investor could have weighed on the stock, so the company's clarification may help calm investor sentiment. Shareholders should note the company's explicit confirmation that no such exit has occurred, though they may want to monitor any future shareholding disclosures from Ms. Kela.