Heritage Foods Limited

Heritage Foods Limited 248 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) S. No Name Outstanding balance as on* Interest rate Repayment terms Type of security 31 March 2021 31 March 2020 ( % ) 23 ICICI Bank - 40.24 One year IMCLR + spread per an- num + applicable interest tax or other statutory levy, if any. 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. 24 ICICI Bank - 43.14 One year IMCLR + spread per an- num + applicable interest tax or other statutory levy, if any. 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. 25 ICICI Bank - 148.19 One year IMCLR + spread per an- num + applicable interest tax or other statutory levy, if any. 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. 566.50 2,107.15 *Including current maturities of term loans from banks. 19(b) Terms and conditions of loans repayable on demand from banks S. No Name Outstanding balance as on Interest rate Repayment terms Type of security 31 March 2021 31 March 2020 ( % ) 1 Bank of Baroda - 223.98 One year MCLR + 0.4% per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fi xed assets of the Group, excluding pro- ject speci fi c assets. 2 Union Bank of India (earlier “Andhra Bank”) - 155.97 One year MCLR + 0.6% per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fi xed assets of the Group, excluding pro- ject speci fi c assets. 3 ICICI Bank 4.69 201.78 Six months IMCLR + spread per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fi xed assets of the Group, excluding pro- ject speci fi c assets. 4 HDFC Bank - 250.00 Six months MCLR per annum The loan has been repaid during the year ended March 2021. Unsecured loan given by the bank. 5 Kotak Mahin- dra Bank - 20.00 9.05% per annum Repayable in 90 days First charge on present and future currents assets of the feed division of the Group. 6 Kotak Mahin- dra Bank 14.67 32.68 One year MCLR+ spread per annum Repayable on demand First charge on present and future currents assets of the feed division of the Group. 19.36 884.41