Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 156 9. Investment in subsidiary, joint venture and associate Particulars As at 31 March 2022 31 March 2021 Unquoted Investment in a subsidiary 3,709,464 (31 March 2021: 3,709,464) equity shares of ` 10 each fully paid held in Heritage Nutrivet Limited 324.52 323.52 324.52 323.52 Investment in an associate* 650,000 (31 March 2021: 650,000) equity shares of ` 10 each fully paid held in SKIL Raigam Power (India) Limited 6.50 6.50 Less: Impairment of investment 6.50 6.50 - - * SKIL Raigam Power (India) Limited has been declared as Dormant Company as per Section 455(2) of the Act vide SRN No T42936765 dated 22 September 2021 Investment in a joint venture 4,939,727 (31 March 2021: 3,485,579) equity shares of ` 10 each fully paid held in Heritage Novandie Foods Private Limited 269.85 164.70 269.85 164.70 594.37 488.22 Aggregate market value of quoted investments - - Aggregate amount of unquoted investments 594.37 488.22 Aggregate amount of impairment in value of investments 6.50 6.50 10. Investments Particulars As at 31 March 2022 31 March 2021 Non current Investments at fair value through other comprehensive income (“FVTOCI”) Investments in equity instruments 117 (31 March 2021: 117) quoted equity shares of ` 10 each fully paid held in Union Bank of India Limited (refer note (a) below) 0.00 0.00 1,740 (31 March 2021: 1,740) quoted equity shares of ` 2 each fully paid held in Bank of Baroda Limited 0.20 0.13 200,000 (31 March 2021: 200,000) unquoted equity shares of ` 10 each fully paid held in Heritage Finlease Limited 2.60 2.60 2.80 2.73 Investments at amortized cost Investments in government securities 0.13 0.12 0.13 0.12 2.93 2.85 Aggregate market value of quoted investments 0.20 0.13 Aggregate value of unquoted investments 2.73 2.72 Aggregate amount of impairment in value of investments - - Current Investments at amortized cost Investments in government securities 0.03 0.04 0.03 0.04 Aggregate market value of quoted investments - - Aggregate value of unquoted investments 0.03 0.04 Aggregate amount of impairment in value of investments - - Note: (a) The Company was allotted 117 fully paid equity shares in Union Bank of India Limited pursuant to its holding of 363 equity shares held in Andhra Bank Limited. Andhra Bank Limited was merged with the Union Bank of India Limited with effect from 1 April 2020. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated)