Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 65 Name of the Committee Composition of the Committee Highlights of roles and responsibilities Audit committee Mrs. Aparna Surabhi (C) Mr. Rajesh Thakur Ahuja (M) Mr. N Srivishnu Raju (M) Mr. M P Vijay Kumar (M) (wef. 21/01/2022) Dr V Nagaraja Naidu (M) • All recommendations made by the audit committee during the year were accepted by the Board. • Reviewing, with the management, the quarterly financial statements before submission to the Board for approval. • Approval or any subsequent modification of transactions of the Company with related parties. • Reviewing, with the management, the performance of statutory auditors and internal auditors, adequacy of internal control systems, etc. Nomination and Remuneration Committee Mr. N Srivishnu Raju (C) Mr. Rajesh Thakur Ahuja (M) Mrs. Aparna Surabhi (M) Mr. M P Vijay Kumar (M) (wef. 21/01/2022) • The committee oversees and administers executive compensation, operating under a written charter adopted by our Board of Directors. • The nomination and remuneration committee has framed the nomination and remuneration policy. Corporate Social Responsibility Committee Mr. Rajesh Thakur Ahuja (C) Mr. N Srivishnu Raju (M) Mrs. N Bhuvaneswari (M) • To formulate and recommend to the Board, a Corporate Social Responsibility (CSR) Policy indicating activities to be undertaken by the Company in compliance with provisions of the Companies Act, 2013 and rules made there under. • To monitor the implementation of the CSR Policy of the Company from time to time Stakeholders Relationship Committee Dr. V Nagaraja Naidu (C) Mr. N Srivishnu Raju (M) Mrs. N Bhuvaneswari (M) Mr. Rajesh Thakur Ahuja(M) • The committee reviews and ensures redressal of investor grievances. • The committee noted that all the grievances of the investors have been resolved during the year. Risk Management Committee Mr. Rajesh Thakur Ahuja (C) Mr. N Srivishnu Raju (M) Mrs. N Bhuvaneswari (M) Mrs. Aparna Surabhi (M) • The purpose of the committee is to assist the Board in fulfilling its corporate governancewith regard to the identification, evaluation &mitigation of operational, strategic and environmental risks efficiently and effectively. • The Company has developed and implemented a risk management framework that includes identification of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company. Management Committee Mrs. Aparna Surabhi(C) Mr. N Srivishnu Raju (M) Mr. M P Vijay Kumar (M) (wef. 21/01/2022) Mrs. N Bhuvaneswari (M) • Setting the strategic direction to guide and direct the activities of the organization; • Ensuring the effective management of the organization and its activities; and • Monitoring the activities of the organization to ensure they are in keeping with the founding principles, objects and values. C- Chairperson M-Member Policies The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandated the formulation of certain policies for all listed companies. All the corporate policies are available on the Company website (www.heritagefoods.in/Investors/ policies). The policies are reviewed periodically by the Board and updated based on need and new compliance requirement. In addition to its Code of Conduct and Ethics, key policies that have been adopted by the Company are as follows: Board’s Report