Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 61 ` in Millions Particulars Heritage Nutrivet Limited (Wholly Owned Subsidiary) year ended on Skil Raigam Power (India) Limited (Associate) year ended on Heritage Novandie Foods Private Limited (Joint Venture) year ended on 31/03/2022 31/03/2021 31/03/2022 31/03/2021 31/03/2022 31/03/2021 Total Income 959.97 1218.56 - 23.49 1.17 Total Expenses 944.32 1120.98 28.91 0.19 144.17 45.33 Profit/ (Loss) before tax 15.65 97.58 (28.91) (0.19) (120.68) (44.16) Current tax 0.58 16.03 - - - - Deferred tax 4.48 9.43 - - - - Profit/ (loss) for the year 10.59 72.12 (28.91) (0.19) (120.68) (44.16) During the financial year under review, your Company has not added/ removed any subsidiaries, joint ventures or associate companies. In accordance with Section 136 of the Companies Act, 2013, the audited financial statements, including the consolidated financial statements and related information of the Company and audited accounts of each of its Subsidiary, Associate and Joint Venture are available on the website of your Company www.heritagefoods.in. These documents will also be available for inspection during the business hours of the Company at its registered office in Hyderabad, India. Quality Your Company continues the journey of delivering value to its consumers/customers through significant investments in quality assurance programs. Your Company adheres to international quality standard certifications such as ISO 22000:2018 (Food Safety Management System), ISO 9001:2015 (Quality Management System), ISO 45001:2018 (Occupational Health & Safety), ISO 14001:2015 (Environmental Management System), ISO 50001:2018 (Energy Management System) and HALAL Certification by JUHF. Your Company has also have AgMark, BIS and EIA certificates. The Quality department of your Company handles large change management initiatives to drive quality and productivity improvements across the Company, using various techniques and updated technologies. Branding “Heritage” as a brand reflects your company’s identity, core values and belief system. Your company is actively working on diversifying the products portfolio in line with the current consumer trends and mission of bringing health, nutrition & happiness to every home. On the communication front your company focusing on improving consumer connect using social & digital media platforms. In the coming years, your company shall develop interactive and engaging campaigns that help to connect with the consumer actively. Awards & Recognitions During the financial year 2021-22 your Company has received the following awards and recognitions. • CII National Energy Conservation Awards for FY 2020-21 Ƈ 1st Prize won by Gokul Plant, Charndragiri (M), Chittoor Dist-517101, Andhra Pradesh, India Ƈ 2nd Prize won by Bayyavaram Plant, Bayyavaram(V), Visakhapatnam District-531031, Andhra Pradesh, India Ƈ Certificate of Merit to Bengaluru Plant, Yadavanhalli (V), Anekal Taluk, Bengaluru South-562107, Karnataka, India • CII National Award in Food Safety for the Year 2021 Ƈ 1st Prize won by B. Kothakota Plant, Kothakota (M), Chittoor Dist-517370, Andhra Pradesh, India • The central Board of Indirect Taxes and Customs conveyed its appreciation to the Company for prompt filing of returns and payments of Goods and Services Tax (GST) as on 31st March, 2021 in the following states: PUNJAB HARYANA RAJASTHAN MAHARASHTRA KARNATAKA TELANGANA Human Resources and Industrial Relations Your Company takes pride in the commitment, competence and dedication shown by its employees in all areas of business. Your company ensures that it provides a harmonious and cordial Board’s Report