Heritage Foods Limited

Heritage Foods Limited 200 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated) In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets fi nancial covenants attached to the borrowings. Breaches in meeting the fi nancial covenants would permit the lenders to immediately call back the borrowings. There was no breach in the fi nancial covenants of any borrowings during the year ended 31 March 2021 and 31 March 2020. No changes were made in the objectives, policies or processes for managing capital during the years ended 31 March 2021 and 31 March 2020. 39 Disclosure of Interest in subsidiary, joint venture and associate: Ownership interest (%) Particulars Nature of relationship Country of Incorporation As at 31 March 2021 As at 31 March 2020 Heritage Nutrivet Limited Subsidiary India 100.00% 100.00% SKIL Raigam Power (India) Limited Associate India 44.22% 44.83% Heritage Farmers Welfare Trust Controlled trust India 0.00% 0.00% Heritage Employees Welfare Trust Controlled trust India 0.00% 0.00% Heritage Novandie Foods Private Limited Joint venture India 50.00% 50.00% 40 The Company has extended no loans or advances to its subsidiary and associate during the years ended 31 March 2021 and 31 March 2020. 41 Related party disclosures (a) Names of the related parties and nature of relationship Names of related parties Nature of relationship Heritage Nutrivet Limited (“HNL”) Subsidiary Company Heritage Novandie Foods Private Limited (“HNFPL”) Joint Venture Heritage Farmers Welfare Trust (“HFWT”) Controlled Trust Heritage Employees Welfare Trust Heritage Finlease Limited Enterprise over which KMP exercise signi fi cant in fl uence NTR Memorial Trust Nirvana Holdings Private Limited Entity belonging to Promoter Group and holding 10% or more share holding in the Company N Bhuvaneswari Key Managerial Personnel (KMP) N Brahmani M Sambasiva Rao A Prabhakara Naidu Umakanta Barik (b) Transactions with related parties Particulars For the year ended 31 March 2021 31 March 2020 (i) Heritage Nutrivet Limited Investment made (including fi nancial guarantee) 1.00 76.00 Sale of products 5.15 2.35 Financial guarantee income 2.38 2.34 Purchases 549.24 545.34