Prataap Snacks Limited has granted 50,906 (Fifty Thousand Nine Hundred and Six) Employee Stock Appreciation Rights (ESARs) to eligible employees under the "Prataap Employees Stock Appreciation Rights Plan 2018" (ESARP 2018/Plan). The grant was approved by the Nomination and Remuneration Committee in its meeting held on August 1, 2026.
Key ESAR Details:
- Price per ESAR: ₹1,159.00 (Rupees One Thousand One Hundred and Fifty Nine only)
- Face value of shares: ₹5 per share (prevailing at time of allotment)
- Total ESARs vested to date: 440,701
- ESARs exercised: 141,329
- Money realized by exercise of ESARs: ₹254,675
- Total number of shares arising from exercise of ESARs: 50,935
- ESARs lapsed: 317,725
Vesting and Exercise Terms:
- ESARs vest after a minimum period of 1 year but not later than 5 years from grant date
- Vested ESARs must be exercised within a maximum period of 3 years from vesting date
- Only vested ESARs can be exercised within the exercise period
- ESARs not exercised within the exercise period shall lapse
Settlement Mechanism:
ESARs are settled by allotment of shares. The number of shares allotted is calculated as: (Appreciation per ESAR × Number of ESARs exercised) ÷ Market Price with reference to date of exercise. ESAR grantees pay the face value of shares prevailing at the time of allotment.
Dilution Impact:
The diluted earnings per share pursuant to issue of equity shares on exercise of ESARs is ₹1.03.
Regulatory Compliance:
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/ I/3762/2026 dated January 30, 2026.
Additional Information:
The Nomination and Remuneration Committee previously increased the exercise period of ESARs in its meeting held on August 2, 2023, in the interest and benefit of ESAR grantees. There have been no other variations to the ESARP 2018 terms.
Company Information: