Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 215 19(a) Terms and conditions of term loans from banks S. No Name Outstanding balance as on* Interest rate (%) Repayment terms Type of security 31 March 2022 31 March 2021 1 HDFC Bank - 77.35 One year MCLR +0.50% per annum Repayable in 24 quarterly installments commenced from March 2020 and ending in December 2025. The Group has pre-paid the entire outstanding borrowing during the year ended 31 March 2022. Subservient charge on movable fixed assets of the Holding Com- pany. 2 HDFC Bank - 107.94 One year MCLR +0.50% per annum Repayable in 24 quarterly installments com- menced from December 2020 and ending in September 2026. The Group has pre-paid the entire outstanding borrowing during the year ended 31 March 2022. - First pari passu charge on entire fixed assets and second pari passu charge on current assets of the Holding Company. 3 Kotak Mahindra Bank - 50.89 One year MCLR + spread per annum Repayable in 16 quarterly installments com- menced from September 2020 and ending in June 2024. The Group has pre-paid the entire outstanding borrowing during the year ended 31 March 2022. - Exclusive charge on assets financed by the loan taken. 4 Kotak Mahindra Bank - 229.38 One year MCLR + spread per annum Repayable in 24 quarterly installments com- menced from November 2020 and ending in August 2026. The Group has pre-paid the entire outstanding borrowing during the year ended 31 March 2022. -Exclusive charge on assets financed by the loan taken. 5 Kotak Mahindra Bank 79.69 100.94 Three months MCLR+ spread per annum Repayable in 24 quarterly installments commenced from March 2020 and ending in December 2025. - Equitable mortgage on land and building located at Mallavalli village, Krishna District. - Exclusive charge on movable fixed assets located at Mallavalli plant and by second charge on all current assets of the feed division. 79.69 566.50 *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 2022 31 March 2021 1 ICICI Bank - 4.69 Six months IMCLR + spread per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fixed assets of the Holding Company, excluding project specific assets. 2 Bank of Baroda - - One year MCLR + 0.4% per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fixed assets of the Company, excluding project specific assets. 3 Union Bank of India - - One year MCLR + 0.85% per annum Repayable on demand First pari passu charge on current assets and second pari passu charge on fixed assets of the Company, excluding project specific assets. 4 Kotak Mahindra Bank - 14.67 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 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Consolidated