Heritage Foods Limited

Heritage Foods Limited 182 18 Other equity Particulars As at 31 March 2021 As at 31 March 2020 Reserves and Surplus Capital reserve 12.11 12.11 Capital redemption reserve 8.10 8.10 Securities premium 378.41 378.41 Warrants money appropriated 31.87 31.87 General reserve 842.74 842.74 Retained earnings 4,433.04 3,118.63 5,706.27 4,391.86 Item of OCI Changes in fair value of equity instruments (0.62) (0.54) (0.62) (0.54) 5,705.65 4,391.32 Nature and purpose of reserves Securities premium The amount received in excess of face value of the equity shares is recognised in the securities premium. This reserve will be utilised in accordance with the provisions of Section 52 of the Companies Act, 2013 (“the Act”). Capital reserve The excess of net assets taken, over the consideration paid, as part of the business combinations have been recorded under the capital reserve during the earlier years. Capital redemption reserve Capital redemption reserve was created on buy back of equity shares in the earlier years. The Company uses capital redemption reserve in accordance with the provisions of the Act. Warrants money appropriated Warrants money appropriated represents forfeiture of share application money made during the earlier years. General reserve The reserve has arisen on transfer of a portion of the net pro fi t pursuant to the earlier provisions of the Companies Act, 1956. Mandatory transfer to general reserve is not required under the Act. Changes in fair value of equity instruments This represents the cumulative gains and losses arising on the fair valuation of equity instruments measured at FVTOCI, under an irrevocable option, net of amounts reclassi fi ed to retained earnings when such assets are disposed o ff . Retained earnings Retained earnings are the pro fi ts that the Company has earned till date, less any transfers to general reserve, dividends or other distribution to the shareholders. Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)