About Gopal Snacks Limited

Gopal Snacks Limited is an Indian FMCG company focused on manufacturing and selling packaged snacks, including namkeen, potato chips, and sweets, with plants in Gujarat and Maharashtra and sales across 13 Indian states as of March 31, 2025. The company traces its evolution from a private entity to a listed company, with equity shares listed on BSE and NSE on March 14, 2024 following an offer-for-sale IPO aggregating Rs 650.00 crore as per the Secretarial Audit Report disclosures for FY 2024–25. Operations are primarily manufacturing-led (92% of turnover) with a smaller trading component (8%), serving customers through general trade, modern trade, and e-commerce, with exports contributing 0.24% of turnover in FY 2024–25. As on March 31, 2025, the company reports no subsidiaries or associates; hence, material subsidiary policy is not applicable, and related party transactions are disclosed as compliant and not materially significant. Key milestones include the adoption and ratification of the ESOP Scheme 2023, listing in March 2024, and CRISIL rating upgrades in July 2024; the company also expanded quality and automation initiatives, including FSSC 22000 V6 certification adherence and real-time production monitoring.

Gopal Snacks Limited Business Segment

• Manufacturing of food products (potato chips, namkeen, and other snacks) accounts for 92% of turnover in FY 2024–25.

• Trading of food products accounts for 8% of turnover in FY 2024–25.

Domestic vs. international split (FY 2024–25):

• India — Rs 1,468.02 crore (99.8%)

• International — Rs 3.55 crore (0.2%)

Gopal Snacks Limited Key Management

• Bipinbhai Vithalbhai Hadvani — Chairman and Managing Director

• Dakshaben Bipinbhai Hadvani — Executive Director

• Raj Bipinbhai Hadvani — Whole-Time Director and Chief Executive Officer

• Rigan Hasmukhrai Raithatha — Chief Financial Officer (appointed March 17, 2025)

• Mayur Popatbhai Gangani — Head – Legal and Compliance cum Company Secretary (effective March 17, 2025)
  

Latest Updates on Gopal Snacks Limited

• Listing and trading approvals received on March 13, 2024; equity shares listed on March 14, 2024 on BSE and NSE, pursuant to an offer-for-sale IPO of Rs 650.00 crore (aggregate) as disclosed in the Secretarial Audit Report.

• CRISIL revised outlook and upgraded ratings on July 29, 2024: Long-Term Bank Facilities to CRISIL A- with Stable outlook (from A- Positive) and Short-Term to CRISIL A1 (from A2).

• ESOP Scheme 2023 ratified by members on September 28, 2024; in-principle approvals for issuance under ESOP received from NSE on January 24, 2025 and BSE on January 21, 2025.

• CFO change: Resignation of Mr. Mukesh Kumar Shah effective January 21, 2025; appointment of Mr. Rigan Hasmukhrai Raithatha as CFO effective March 17, 2025.

• Quality and automation: Adoption of FSSAI, FSSC 22000 V6, and HACCP; initiatives include enhanced automation in QC, real-time production monitoring, supplier collaborations, fully automatic mixing systems, and online printing on packing lines.

• Renewable energy and efficiency: Use of solar/wind at Rajkot and Modasa; capital investment of Rs 1.72 crore in energy conservation equipment; multiple process upgrades to reduce energy consumption.