Heritage Foods Limited

Heritage Foods Limited 152 Name of the statute Nature of dues Amount Amount -Paid under Protest Period to which the amount relates Forum where dispute is pending The Central Sales Tax Act,1956 Sales Tax/VAT 1.59 1.59 2010-11 Joint Commissioner of commercial taxes (Appeals), Bangalore Sales Tax/ VAT 2.15 1.58 2011-12 Sales Tax/VAT 0.73 0.73 2012-13 Telangana Tax on Entry of Goods into Local Areas Act, 2001 Entry tax 0.41 0.10 2011-12 The High Court of Judicature at Hyderabad for the State of Telangana Entry tax 2.72 0.68 2012-13 Entry tax 3.82 0.95 2013-14 Entry tax 0.29 0.07 2014-15 Entry tax 0.41 0.10 2015-16 Entry tax 2.70 0.68 2016-17 Entry tax 0.02 0.01 2017-18 Haryana Murrah Bu ff alo and other Milch Animal Breed Act, 2001 Milk cess 10.31 3.48 December 2014 to September 2019 The Supreme Court of India (viii) The Company has not defaulted in repayment of borrowings to any bank during the year. There are no loans or borrowings payable to fi nancial institutions or government and no dues payable to debenture-holders. (ix) The Company did not raise moneys by way of initial public o ff er or further public o ff er (including debt instruments). In our opinion, the term loans were applied for the purposes for which the loans were obtained. (x) No fraud by the Company or on the Company by its o ffi cers or employees has been noticed or reported during the period covered by our audit. (xi) Managerial remuneration has been paid and provided by the Company in accordance with the requisite approvals mandated by the provisions of Section 197 of the Act read with Schedule V to the Act. (xii) In our opinion, the Company is not a Nidhi Company. Accordingly, provisions of clause 3(xii) of the Order are not applicable. (xiii) In our opinion all transactions with the related parties are in compliance with Sections 177 and 188 of Act, where applicable, and the requisite details have been disclosed in the standalone fi nancial statements etc., as required by the applicable Ind AS. (xiv) During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures. (xv) In our opinion, the Company has not entered into any non-cash transactions with the directors or persons connected with them covered under Section 192 of the Act. (xvi) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. For Walker Chandiok & Co LLP Chartered Accountants Firm’s Registration No.: 001076N/N500013 Sanjay Kumar Jain Partner Membership No.: 207660 UDIN: 21207660AAAACY2569 Place: Hyderabad Date:19May 2021