Prataap Snacks Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
DIAMONDYD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prataap Snacks shareholders approved amendments to the company's MOA and AOA at the 16th Annual General Meeting held on August 6, 2025. The key change adds a new sub-clause (73) under the MOA's objects clause, allowing the company to generate, produce, and distribute electricity from renewable and conventional energy sources such as solar, wind, hydel, and biomass, primarily for its own captive consumption. This was made mandatory under the Electricity Act, 2003 and Government of Madhya Pradesh guidelines for companies setting up captive power plants. The company also adopted a new MOA format aligned with the Companies Act, 2013 (Table A of Schedule I). Additionally, the AOA was updated to include definitions for Power Purchase Agreements, Wheeling Agreements, and Projects related to power generation.
This amendment signals Prataap Snacks' plans to set up its own captive power generation facility, likely solar or hybrid renewable energy, to power its snack manufacturing operations. For shareholders, this could translate into long-term electricity cost savings, energy security, and alignment with sustainability goals, though no immediate financial impact or capital commitment is disclosed in this filing.