Heritage Foods Limited

STATUTORY REPORTS Board’s Report 29 th Annual Report 2020-21 | 61 Supply chain As the Company has been categorized under “essential commodities” by Central Government, there has been less impact of supply chain inward-and-outward. The situation is improving and we expect normal operations in this segment soon. Demand for its products/services During the crisis, there has been no impact on the supplies though there was a drop in sales in absence of consumption out of home. Existing contracts/agreements where non-ful fi llment of the obligations by any party will have signi fi cant impact on the listed entity’s business The Company is in a position to honor all agreements with its vendors and consumers. The vendors from whom the Company avails product or services, those are few in numbers and are not in anyway impacted by the pandemic. Repayment of Loan installments The Company has been repaying all the loan instalments without any default. Even though Reserve Bank of India allowed for moratorium/ deferment of instalment payments, the Company didn’t opt for it. During the period under review the Company has prepaid substantially the long term loans out of the proceeds received from the sale of investments. Payments to Employee During the period, the Company has paid to all its working employees and none of the Employees were terminated from the services. The Company also covered all its employees’ under various insurance policies Payments to Suppliers/Creditors During this period, the Company didn’t default any of its payment to its suppliers/ creditors. Contributed to COVID - 19 Your Company has contributed ` 10 Million towards fi ght against Covid-19 pandemic to the following State Govt Relief Fund/ Disaster Management Fund on 1 st week of ApriI 2020 out of its CSR Amount of FY 2020-21 i. ChiefMinister/DisasterReliefFundAndhraPradesh- ` 3million ii. Chief Minister/Disaster Relief Fund Telangana- ` 3 million iii. Chief Minister/Disaster Relief Fund Karnataka- ` 1 million iv. Chief Minister/Disaster Relief Fund Tamil Nadu- ` 1 million v. Chief Minister/Disaster Relief Fund Maharashtra- ` 1 million vi. Chie f Minister/ Disaster Relief Fund Delhi- ` 1 million COVID Precautions & Facilities extended to Employees At Heritage “Health and Well being of employees continue to be the paramount focus. Your Company has enabled bene fi ts and extended services for all employees and eligible dependents during the Covid-19 pandemic. The gist of extended bene fi ts, facilities & implemented precautions are as follows:  Maintain hygienic working conditions  Daily fumigation at workplaces  Strict temperature monitoring & screening  Set up a Multi Functional Committees for cooperation from all employees and stakeholders such as: Monitoring Committee, Co-ordination Committee and Core Committee:  WebinarsonCOVID-19Facts&FadsbyreputedDoctors  Initial COVID19 Medical Kit provided to symptomatic (Direct / Indirect employees)  Plasma donation for needed employees and their family members  24x7 HFL COVID Command Control Centre helpdesk  Tie-up with ICMR approved testing labs for sample collection & to facilitate early detection to enable speedy treatment  Vaccination for employees throughnetwork hospitals  Enhanced Health Insurance Facilities Variation in market capitalization As at March31 Increase / (decrease) in % 2021 2020 Market Capitalization ( ` in million) 13,622.50 9,889.70 37.7% Price earnings Ratio 9.38 (6.18) 217.4% Note: Data based on share prices quoted on BSE Management Discussion and Analysis In terms of the provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended from time to time, the Management’s Discussion and Analysis is provided in a separate section and forms an integral part of this Report. Corporate Governance Corporate governance is an ethically driven business process that is committed to values aimed at enhancing an