Prataap Snacks denies exit rumors, reaffirms growth strategy

Prataap Snacks Limited has categorically denied assertions made in a recent "Economic Times" article titled "Prataap Snacks new owners feel the crunch, explore exit options as growth turns stale." The company stated that the article's contents are speculative and not based on facts, confirming that neither the company nor its promoters, including Authum Investment and Infrastructure Limited, are exploring any exit options.

The company affirmed its commitment to pursuing its business growth strategy, emphasizing a focus on distribution expansion, product innovation, and profitability improvement. Prataap Snacks highlighted that its promoters remain fully dedicated to the business, expressing confidence in the strength of their brands and extensive distribution network.

This disclosure urges investors and stakeholders to disregard such unfounded and speculative news reports.