Prataap Snacks appoints two additional directors, subject to shareholder approval

Management change
Snacks and food

Blacklitt Research30 October 20262 min read

Prataap Snacks (NSE: DIAMONDYD) has appointed Jitendra Nayyar as Additional Non-Executive Independent Director and Sumit Sharma as Additional Executive Director, it said in a filing on 30 Oct 2026. Each term runs three years, from 30 Oct 2026 to 29 Oct 2029, and both appointments are subject to shareholder approval. Sharma is the company's current Chief Financial Officer.

The two appointments in detail

The Board of Directors approved both appointments at its meeting on 30 Oct 2026. The company says Nayyar's appointment is for a term of three consecutive years, and Sharma's is too, with each term running up to 29 Oct 2029. Both are subject to the approval of the shareholders.

Nayyar is a Chartered Accountant with over 30 years of finance experience across FMCG and beverages, insurance, fintech, electric mobility and pharmaceuticals. He was most recently CFO and Executive Director of Oister Global, and earlier CFO and Whole-time Director of Acko General Insurance.

Sharma is a Member of the Institute of Chartered Accountants of India with over 25 years of experience in finance, accounts, audit, risk management, capital markets, private equity and general management. The company says he has been associated with Prataap Snacks for about 15 years and currently serves as Chief Financial Officer.

What the appointments mean for shareholders

The appointments add two directors to the Board, one independent and one executive, and both are conditional on shareholder approval. The filing does not say whether the appointments take effect only after that approval. It also does not give the reason for the appointments, the remuneration of either director, the role Nayyar will play on the Board or any committee, whether Sharma's Executive Director role changes his CFO role, or the date of the shareholder meeting.

The next dated step in the filing is the shareholder approval, for which no date is given.

What the appointments mean for Prataap Snacks's shareholders

The Board has proposed two additional directors for three-year terms, subject to shareholder approval. The filing does not say why they are being appointed, what they will be paid, or when the shareholder vote will take place.

The next dated step is shareholder approval; no date for it is given in the filing.

At a glance

Item	Detail
Non-Executive Independent Director	Jitendra Nayyar (DIN: 06492720), from 30 Oct 2026 to 29 Oct 2029
Executive Director	Sumit Sharma (DIN: 11451359), from 30 Oct 2026 to 29 Oct 2029
Board approval	30 Oct 2026
Shareholder approval	Required; date not stated

Reference: Original filing (PDF)

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