Heritage Foods Limited

Heritage Foods Limited 262 39. Disclosure of Interest in Joint venture and associate: Particulars Nature of relationship Country of Incorporation Ownership interest ( % ) As at 31 March 2021 As at 31 March 2020 SKIL Raigam Power (India) Limited Associate India 44.22% 44.83% Heritage Novandie Foods Private Limited Joint venture India 50.00% 50.00% 40. The Holding company has extended no loans or advances to its associate during the year 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 Novandie Foods Private Limited ("HNFPL") Joint Venture Heritage Finlease Limited Enterprise over which KMP exercise signi fi cant in fl uence NTR Memorial Trust Megabid Finance & Investment Private Limited Nirvana Holdings Private Limited Entity belonging to Promoter Group and holding 10% or more share holding in the Company N Bhuvaneswari N Brahmani M Sambasiva Rao A Prabhakara Naidu Umakanta Barik Key Managerial Personnel (KMP) ( b ) Transactions with related parties Particulars For the year ended 31 March 2021 31 March 2020 ( i ) Heritage Novandie Foods Private Limited Investment made (including fi nancial guarantee) 74.64 - Sale of products 0.10 - Financial guarantee income 1.23 0.24 Lease rental income 0.95 0.95 Rent deposit received - 0.45 Reimbursement of insurance proceeds received on behalf of HNFPL - 0.02 Expenditure incurred on behalf of HNFPL 1.86 0.10 ( ii ) Heritage Finlease Limited Dividend received - 0.40 Remittance of loan proceeds collected on behalf of Heritage Finlease Limited 1,012.12 737.39 Disbursement of loans to employees of the Company 17.92 9.68 Cattle loan facilitation charges 2.03 1.54 Lease rental income 0.05 0.05 Summary of the signi fi cant accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)