EXHIBIT 15.20



|AMIRA NATURE FOODS LTD
|----------------------

2012 OMNIBUS SECURITIES
AND INCENTIVE PLAN

SHARE OPTION
AGREEMENT

EMPLOYEE NON-QUALIFIED
SHARE OPTION



THIS AGREEMENT made as of July 17,
2016, by and between Amira Nature Foods Ltd, a BVI company (the“Company ” ), and Karan A. Chanana (the“Optionee ” ).



WITNESSETH:



WHEREAS, the Company has adopted
the Amira Nature Foods Ltd 2012 Omnibus Securities and Incentive Plan, as amended, (the“Plan ” ) for
the benefit of its employees, non-employee directors and consultants and the employees, non-employee directors and consultants
of its affiliates, and



WHEREAS, the Committee has authorized
the grant to the Optionee of an Option under the Plan, on the terms and conditions set forth in the Plan and as hereinafter provided,



NOW, THEREFORE, in consideration
of the premises contained herein, the Company and the Optionee hereby agree as follows:



| | 1. | Definitions
| | -- | -----------

Terms used in this Agreement
which are defined in the Plan shall have the same meaning as set forth in the Plan.



| | 2. | Grant of Option.
| | -- | ----------------

The Board hereby grants
to the Optionee an option to purchase 375,899 1 of the Company’s Ordinary
Shares (“Shares ”) for an Option price per Share equal to $10.00 (the “Option ”).



| | 3. | Option Terms and Exercise Period.
| | -- | ---------------------------------



| | (a) | The Option shall be exercised, and payment by the Optionee
of the Option price shall be made, pursuant to the terms of the Plan.
| | --- | --------------------------------------------------------------------------------------------------------------------------------



1 Equal
to 1% of the aggregate of the fully diluted outstanding and issued ordinary shares of the Company as of the Grant Date.



| | (b) | All or any part of the Option may be exercised by the Optionee no later than the tenth (10th) annual anniversary of the date of the grant of the Option.                                       
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (c) | This Agreement and the Option shall terminate on the earliest of (i) the tenth (10th) annual anniversary of the date of the grant of the Option or (ii) the date the Option is fully exercised.



| | 4. | Vesting.
| | -- | --------

The Option shall be immediately
vested and exercisable by the Optionee.



| | 5. | Termination of Employment.
| | -- | --------------------------

Sections 6.2 and 6.4 of the
Plan shall control.



| | 6. | Restrictions on Transfer of Option.
| | -- | -----------------------------------

This Agreement and the Option
shall not be transferable otherwise than (a) by will or by the laws of descent and distribution or (b) by gift to any Family Member
of the Optionee, and the Option shall be exercisable, during the Optionee’s lifetime, solely by the Optionee, except on account
of the Optionee’s Permanent and Total Disability or death, and solely by the transferee in the case of a transfer by gift
to a Family Member of the Optionee.











| | 7. | Exercise of Option.
| | -- | -------------------



| | (a) | The Option shall become exercisable at such time as
shall be provided herein or in the Plan and shall be exercisable by written notice of such exercise, in the form prescribed by
the Committee, to the Secretary of the Company, at its principal office. The notice shall specify the number of Shares for which
the Option is being exercised.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | Shares purchased pursuant to the Option shall be paid
for in full at the time of such purchase in cash, in Shares, including Shares acquired pursuant to the Plan, or part in cash and
part in Shares. Shares transferred in payment of the Option price shall be valued as of the date of transfer based on their Fair
Market Value.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | Regulation by the Committee.
| | -- | ----------------------------

This Agreement and the Option
shall be subject to any administrative procedures and rules as the Committee shall adopt. All decisions of the Committee upon any
question arising under the Plan or under this Agreement, shall be conclusive and binding upon the Optionee and any person or persons
to whom any portion of the Option has been transferred by will, by the laws of descent and distribution or by gift to a Family
Member of the Optionee.



| | 9. | Rights as a Shareholder.
| | -- | ------------------------

The Optionee shall have no rights
as a shareholder with respect to Shares subject to the Option until certificates for Shares are issued to the Optionee.



| | 10. | Reservation of Shares.
| | --- | ----------------------

With respect to the Option,
the Company hereby agrees to, at all times, reserve for issuance and/or delivery upon payment by the Optionee of the Option price,
such number of Shares as shall be required for issuance and/or delivery upon such payment pursuant to the Option.



| | 11. | Delivery of Share Certificates.
| | --- | -------------------------------

Within a reasonable time after
the exercise of the Option, the Company shall cause to be delivered to the Optionee, his or her legal representative or his or
her beneficiary, a certificate for the Shares purchased pursuant to the exercise of the Option.



| | 12. | Amendment.
| | --- | ----------

The Committee may amend this
Agreement at any time and from time to time; provided, however, that no amendment of this Agreement that
would materially and adversely impair the Optionee’s rights or entitlements with respect to the Option shall be effective
without the prior written consent of the Optionee.



| | 13. | Plan Terms.
| | --- | -----------

The terms of the Plan
are hereby incorporated herein by reference.



| | 14. | Effective Date of Grant.
| | --- | ------------------------

The Option shall be
effective as of July 15, 2016 (the“Grant Date”).



By executing this Agreement, the Optionee
hereby acknowledges that he has received and read the Plan and this Agreement and that he agrees to be bound by all of the terms
of both the Plan and this Agreement.



|AMIRA NATURE FOODS LTD |                           
|---------------------- | --------------------------
|                       |                           
|By : Harash Pal Sethi  | Karan A. Chanana, Optionee
|Its : Director         |