Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 62 working environment to all its employees. To ensure good human resources management, your Company focused on all aspects of the employee lifecycle. This provides a holistic experience for the employee as well. During their tenure at the Company, employees are motivated through various skill- development program, engagement and volunteering programs. Your company has put in continued efforts in building capabilities of Human Resources with adoption of specific and targeted interventions. Your Company has a structured induction process at all locations and management development programs to upgrade skills of managers. Objective appraisal systems based on Key Result Areas are in place for all employees. Your Company is committed to nurture, enhance and retain talent through superior Learning & Organizational Development. The total strength of your Company employees as on March 31, 2022 was 3009. Investor Relationship Your Company continuously strives for excellence in its Investor Relationship (IR) engagement with Domestic and International investors and has set up feedback mechanism to measure IR effectiveness. Structured conference calls and periodic investor/ analyst interactions, participation in investor conferences, quarterly earnings calls and annual analyst meet with the Executive Director, President, Chief Executive Officer, Chief financial Officer, Chief Operating Officer and Business Heads were organised during the year. Your Company always believes in leading from the front with emerging best practices in IR and building a relationship of mutual understanding with investor/ analysts. Your Company ensures that relevant information about the Company is available to all the investors by uploading all such information at the Company’s website and the Stock Exchanges where the shares of the company are listed. Credit Rating The details of the credit rating are as follows: a) Credit rating obtained by the company: in respect to long term and short term debts b) Name of the credit rating agency: Credit Rating Information Services of India Limited (CRISIL) i. Long term Rating: CRISIL A/Positive ii. Short term Rating: CRISIL A1 c) Date on which the credit rating was obtained: April 07, 2022 (valid up to December 31, 2022) d) Revision in the credit rating: No e) Reasons provided by the rating agency for a downward revision: NA Particulars of Employees and Related Disclosures The table containing the names and other particulars of employees in accordance with the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in Annexure-2A. A statement containing the names of every employee employed throughout the financial year and in receipt of remuneration of ` 10.20 million or more per annum or employed for part of the year and in receipt of ` 0.85 million or more in a month under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as amended from time to time are provided in Annexure-2B to this report. Information Technology and Digitization: Implementation of IT & Digital Transformation Strategy has been a key priority for your company for the financial year 2021-22. The Strategy was focused on addressing the perspective of all the stakeholders, viz. Farmer, Consumer, Customer and the Employee to achieve the desired outcomes of reducing the Cost, enhancing the efficiency, consumer delight and enhancing revenue. Introduction of various initiatives using Data Science such as grading of MCCs & Agents and Forecasting of SMP Price - have helped the Organisation in taking data driven decisions. BI Dashboards have been deployed covering all major functions such as; Sales, Procurement, Finance, Production, Purchase & Stores and Human Resource. Heritage CLapp (Customer Live Application) & DMS (Distributor Management System) have given an edge in terms of streamlining the primary and secondary sales process from Agent level up to the counter sales level in an authentic manner. Vet + app continued to widen its user base and the range of services helping the Farmers with hassle free veterinary services and eventually enhancing their income. All the IT related initiatives combinedly have helped the organisation in being consumer centric and farmer friendly while making Heritage as the best place to work with for its employees. Board Diversity Your Company recognizes and embraces the importance of a diverse board for its success. Your Company believes that a truly diverse board will leverage differences in thought, perspective, knowledge, skill and industry experience, cultural and geographical background, age and gender, which will help the Company, retain its competitive advantage. The Board has adopted the Board Diversity Policy which sets out the approach to diversity of the Board of Directors. The Policy is available in the Company website i.e. www.heritagefoods.in > Investor > Policies.