BSE and NSE grant no-objection for re-classification of 6 promoters to public category
Prataap Snacks has received no-objection letters from BSE and NSE.
By ScoutQuest · · 2 min read
- Arvind Mehta holding
- 1,00,000 shares (0.42%)
- Naveen Mehta holding
- 1,83,960 shares (0.77%)
- Rita Mehta holding
- 2,27,176 shares (0.95%)
What the company told the exchanges
Prataap Snacks has informed BSE Limited and the National Stock Exchange of India Limited that both exchanges, through their letters dated October 22, 2026, granted approval/no-objection for the re-classification of six persons from the category of "Promoter" to "Public". The re-classification is under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company had submitted the application to the exchanges on August 04, 2026. The company states that copies of the no-objection letters received from the exchanges are enclosed with the disclosure.
Who is being re-classified, and how much they hold
- Mr. Arvind Mehta — 1,00,000 shares, 0.42% of paid-up capital
- Mr. Naveen Mehta — 1,83,960 shares, 0.77% of paid-up capital
- Mrs. Rita Mehta — 2,27,176 shares, 0.95% of paid-up capital
- Mr. Arun Kumar Mehta — Nil shares
- Mrs. Kanta Mehta — Nil shares
- Mr. Rajesh Kumar Mehta — Nil shares
Three of the six names hold shares; the other three hold no shares. The same six names appear in the no-objection letters issued by BSE and by NSE.
What the re-classification means
Every listed company's shareholding is divided into categories, mainly "Promoter and Promoter Group" and "Public". These six persons are currently counted in the promoter category. Once re-classified, they and the shares they hold move to the public category. This is a change in how the shareholding is classified, not a sale or purchase of shares by these persons.
What a retail investor can take away
- The total number of shares in the company does not change; only the category under which these holdings are counted changes.
- The promoter category's share of the company falls by the holdings listed above; the public category's share rises by the same amount.
- The exchanges have said the company must complete the follow-up disclosures required for this re-classification under Regulation 31A.
- The no-objection from both exchanges is the clearance step for the company's August 04, 2026 application to move these names to the public category.
Also from Prataap Snacks
Board meeting on October 30, 2026 to approve September quarter and half-year results
24 Oct 2026
More numbers
- Shares held by Mr. Arvind Mehta1,00,000
- Shares held by Mr. Naveen Mehta1,83,960
- Shares held by Mrs. Rita Mehta2,27,176
- Arvind Mehta holding as % of paid-up capital0.42
- Naveen Mehta holding as % of paid-up capital0.77
- Rita Mehta holding as % of paid-up capital0.95
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