Heritage Foods Limited

Heritage Foods Limited 184 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) 19 (a) Terms and conditions of term loans from banks S. No Name Outstanding balance as on* Interest rate Repayment terms Type of security 31 March 2021 31 March 2020 (%) 1 Union Bank of India (earlier “Andhra Bank”) - 19.79 One year MCLR +0.45% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 2 Union Bank of India (earlier “Andhra Bank”) - 47.09 One year MCLR +0.50% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 3 Bank of Baroda - 132.45 One year MCLR +0.35% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 4 Bank of Baroda - 123.95 One year MCLR + premium +0.40% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 5 Bank of Baroda - 63.25 One year MCLR + premium +0.40% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 6 HDFC Bank - 75.92 One year MCLR per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 7 HDFC Bank - 58.19 One year MCLR per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 8 HDFC Bank - 100.89 One year MCLR per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 9 HDFC Bank - 49.90 One year MCLR +0.15% per annum The loan was pre-paid in full during the year ended 31 March 2021. The security on the underlying loan was discharged on pre-payment of the loan during the year ended 31 March 2021. 10 HDFC Bank 77.35 180.35 One year MCLR +0.50% per annum Repayable in 24 quarterly installments commenced from March 2020 and ending in December 2025. The Company has prepaid the entire outstanding borrowing in April 2021. Subservient charge on movable fi xed assets of the Company. 11 HDFC Bank 107.94 85.77 One year MCLR +0.50% per annum Repayable in 24 quarterly installments commenced from December 2020 and ending in September 2026. The Company has prepaid the entire outstanding borrowing in April 2021. - First pari passu charge on entire fi xed assets of the Company. - Second pari passu charge on current assets of the Company.