Heritage Foods Limited

STATUTORY REPORTS Board’s Report 29 th Annual Report 2020-21 | 69 Name of the Committee Composition of the Committee Highlights of duties, responsibilities and activities Corporate Social Responsibility Committee Mr. D Seetharamaiah (C) (up to 01/07/2020) Mr. Rajesh Thakur Ahuja (C) (wef. 01/07/2020) Mr. N Sri Vishnu Raju (M) Mrs. N Bhuvaneswari (M) • To formulate and recommend to the Board, a Corporate Social Responsibility (CSR) Policy indicatingactivities tobe undertakenby theCompany incompliancewithprovisionsof the Companies Act, 2013 and rulesmade there under. • Tomonitor the implementationof theCSRPolicy of theCompany fromtime to time Stakeholders Relationship Committee Dr. V Nagaraja Naidu (C) Mr. D Seetharamaiah (M) (up to 01/07/2020) Mr. N Sri Vishnu Raju (M) Mrs. N Bhuvaneswari (M) Mr. Rajesh Thakur Ahuja(M) (wef. 01/07/2020) • The committee reviews and ensures redressal of investor grievances. • The committee noted that all the grievances of the investors have been resolved during the year. Risk Management Committee Mr. Rajesh Thakur Ahuja (C) Mr. D Seetharamaiah (M) (up to 01/07/2020) Mr. N Sri Vishnu Raju (M) Mrs. N Bhuvaneswari (M) Mrs. Aparna Surabhi (M) (wef. 01/07/2020) • The purpose of the committee is to assist the Board in ful fi lling its corporate governance with regard to the identi fi cation, evaluation & mitigation of operational, strategic and environmental risks e ffi ciently and e ff ectively. • The Company has developed and implemented a risk management framework that includes identi fi cation of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company. Management Committee Mr. D Seetharamaiah (C) (up to 01/07/2020) Mrs. Aparna Surabhi(C) (wef. 01/07/2020) Mr. N Sri Vishnu Raju (M) Mrs. N Bhuvaneswari (M) • Setting the strategic direction to guide and direct the activities of the organization; • Ensuring the e ff ective management of the organization and its activities; and • Monitoring the activities of the organization to ensure they are in keeping with the founding principles, objects and values. C- Chairperson M-Member Policies The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandated the formulation of certain policies for all listed companies. All the corporate policies are available in the Company website (www.heritagefoods.in/Investors/ policies). The policies are reviewed periodically by the Board and updated based on need and new compliance requirement. In addition to its Code of Conduct and Ethics, key policies that have been adopted by the Company are as follows: Name of the policy Brief description Web link Whistleblower Policy (Policy on vigil mecha- nism) The Company has adopted the whistleblower mechanism for directors and employees to report concerns about unethical behaviour, actual or suspected fraud, or violation of the Company’s code of conduct and ethics. It also provides for adequate safeguards against victimization of employees who availed the mechanism and also provides for direct access to the Chairperson of the Audit Committee. https://www.heritagefoods.in/ policy Insider Trading Policy and Code of Practices and Procedures for Fair Disclosure of Unpub- lished Price Sensitive Information The Company has adopted a Code of Conduct to Regulate, Monitor & Report Trading by Insiders and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information as per the SEBI (Prohibition of Insider Trading) Regulation 2015, with a view to regulate trading in securities by theDirectors andDesignatedPersons while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed and other certain situations. All Board of Directors and the designated employees have con fi rmed compliance with the Code. https://www.heritagefoods.in/ policy