Board approves Non-Executive Independent Director and Executive Director, each for three (3) consecutive years
Board approved Mr. Jitendra Nayyar as Additional Non-Executive Independent Director and Mr. Sumit Sharma as Additional Executive Director, each for three (3) consecutive years from October 30, 2026 to October 29, 2029.
By ScoutQuest · · 3 min read
- Independent Director Appointed
- Mr. Jitendra Nayyar (DIN: 06492720) as Additional Non-Executive Independent Director
- Executive Director Appointed
- Mr. Sumit Sharma (DIN: 11451359) as Additional Executive Director
- Term of Appointment
- three (3) consecutive years from October 30, 2026 to October 29, 2029, subject to shareholder approval
Two board additions, both for fixed three-year terms
- Mr. Jitendra Nayyar (DIN: 06492720) appointed as an Additional Non-Executive Independent Director for a term of three (3) consecutive years, from October 30, 2026 up to October 29, 2029.
- Mr. Sumit Sharma (DIN: 11451359) appointed as an Additional Executive Director for a term of three (3) consecutive years, from October 30, 2026 up to October 29, 2029.
- Both appointments were considered and approved by the Board at its meeting held on October 30, 2026, and both are subject to the approval of the shareholders of the Company.
Who is Mr. Jitendra Nayyar
He is a Chartered Accountant and finance leader with over 30 years of experience across FMCG and beverages, insurance, fintech, electric mobility and pharmaceuticals. He was most recently the Chief Financial Officer and Executive Director of Oister Global, and before that the Chief Financial Officer and Whole-time Director of Acko General Insurance, and Chief Financial Officer of Aviva Life Insurance India. He has also been CFO or Group CFO at Euler Motors, Zupee and Acme Solar Holdings, and began his career at PepsiCo India and Coca-Cola India, including a stint with the Asia-Pacific Financial Impact Team in Singapore. He is a Chartered Accountant from the Institute of Chartered Accountants of India and has completed the Oxford Senior Executive Programme at Said Business School, University of Oxford. He is not related to any Director of the Company and is not debarred from holding the office of Director.
Who is Mr. Sumit Sharma
He is a Member of the Institute of Chartered Accountants of India (ICAI) with over 25 years of experience in finance, accounts, audit, risk management, capital markets, private equity and general management. He has been associated with Prataap Snacks Limited for the last 15 years and currently serves as the Chief Financial Officer (CFO). The update notes his role in the Company's IPO, acquisitions, implementation of financial processes and SAP systems, MIS development, and fund raising from private equity investors. Before joining the Company, he worked with L&T-CASE Equipment Private Limited in finance leadership positions covering taxation, costing and accounting. He was recognised as the "Emerging CFO of the Year" by CII in the Consumer Products sector and was also awarded by L&T under the "Merit" category. He is not related to any Director of the Company and is not debarred from holding the office of Director.
What changes on the board
- The board gains an independent director whose career has been in CFO and finance leadership roles across consumer, insurance and financial services businesses.
- The Company's current Chief Financial Officer moves onto the board as an Executive Director, linking the finance function directly to board-level decision making.
- Both roles carry a defined three-year tenure, which starts from October 30, 2026 and runs to October 29, 2029.
What to watch
- Both appointments take effect only after shareholders give their approval, so the shareholder approval is the next formal step for these two positions.
- For a reader tracking governance, the mix of a new independent director and an internal executive director changes the balance of the board; the detailed background of both individuals is what the update places before shareholders.
Also from Prataap Snacks
Prataap Snacks files audio recording of November 3, 2026 investor call on Q2/H1 FY27 results
3 Nov 2026
Prataap Snacks Q2 FY27: record ₹541 crore revenue, but input-cost inflation drags profit to a loss
1 Nov 2026
Prataap Snacks Ltd press release, Q2 FY27
30 Oct 2026
More numbers
- Term of Mr. Jitendra Nayyar as Additional Non-Executive Independent Directorthree (3) consecutive years
- Term of Mr. Sumit Sharma as Additional Executive Directorthree (3) consecutive years
- Mr. Jitendra Nayyar's experienceover 30 years
- Mr. Sumit Sharma's experienceover 25 years
- Mr. Sumit Sharma's association with the Company15 years
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