Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 64 Ɣ Capability in exercising independent judgement to tasks where there is potential conflict of interest Ɣ Commitment in fulfilling the director’s obligations fiduciary responsibilities. The Board of Directors received all evaluations from each Director including Board as a whole and its committee based on the above criteria, discussed various points and all points are satisfactory, no further action is required. There were no actions pending from the previous year observations. The detailed format of Board evaluation is available in the website of the Company i.e. https://www.heritagefoods.in/ uploads/ investors/pdf/ 15870145475 Board_&_Director_Evaluation_ Framework.pdf Training of Independent Directors Every new independent director of the Board attends an orientation program. To familiarize the new inductees with the strategy, operations and functions of your Company, the Executive Directors/Senior Managerial Personnel make presentations to the inductees about the Company’s strategy, operations, product and service offerings, markets, organization structure, quality and risk management etc. Appointment/Re-Appointment Mr. M P Vijay Kumar (DIN: 05170323) has been appointed as a Non-Executive Independent Director of the Company w.e.f. November 01, 2021, for a period of 5 consecutive years, the said appointment was approved by shareholders through postal ballot on November 24, 2021. The approval of members through special resolution was taken on April 29, 2022 for Continuation of directorship as per Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 of Dr. V Nagaraju (DIN: 00003730) as a Non Executive Director after attaining the age of 75. In order to comply with the provisions of section 152 of the Companies Act, 2013 and rules applicable thereunder, the appointment of Dr. V. Nagaraja Naidu (DIN: 00003730) Non-Executive Director of the Company is liable to retire by rotation at this Annual General Meeting, being eligible offers himself for re-appointment. Retirements and Resignations During the year under review, none of the Directors retired or resigned from the Board. Key Managerial Personnel During the year under review, the Company is having the following persons as Key Managerial Personnel. Name of the Official DIN/M. No Designation Mrs. N. Bhuvaneswari 00003741 Vice Chairperson & Managing Director Mrs. N. Brahmani 02338940 Executive Director Mr. A Prabhakara Naidu FCA 200974 Chief Financial Officer Mr. Umakanta Barik FCS 6317 Company Secretary& Compliance Officer Dr. M Sambasiva Rao - President Mr. Srideep Madhavan Nair Kesavan* - Chief Executive Officer * Mr. Srideep Madhavan Nair Kesavan appointed as Chief Executive Officer the Company w.e.f 28-07-2021 Committees of the Board Currently, the Board has six committees i.e. Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, Stakeholders Relationship Committee, Risk Management Committee and Management Committee. A detailed note on the Board and its committees is provided under the Corporate Governance Report section in this Annual Report. The composition of the committees and compliances, as per the applicable provisions of the Act and Rules, are as follows: