Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 72 Annexure-1 FORM NO. AOC-2 (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014) Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto 1. Details of contracts or arrangements or transactions not at arm’s length basis: There were no contracts or arrangements or transactions entered into during the year ended 31st March, 2022, which were not at arm’s length basis. 2. Details of contracts or arrangement or transactions at arm’s length basis: The Company has not entered into any material contracts or arrangement or transactions with any of the related parties during the FY 2021-22. However the details of non-material contracts or arrangement or transactions are given below: Sr. No. Name(s) of the related party Nature of Relationship Nature of contracts/arrangements / transactions Value of contracts/ arrangements/ transactions during the Year ( ` In Millions) Duration of contracts/ arrangements/ transactions 1. Heritage Nutrivet Limited (HNL) Wholly-owned Subsidiary Company Investment made (including financial guarantee) 1.00 During FY 2021-22 Sale of products 4.81 Purchase order/Invoice Financial guarantee income 2.05 During FY 2021-22 Purchases 557.73 Purchase order/Invoice Lease rental income 0.54 As per agreement Purchase/(sale) of Property, plant and equipment 3.35 Purchase order/Invoice Expenditure incurred on behalf of HNL 0.75 During FY 2021-22 Brand income 0.94 As per agreement 2. Heritage Novandie Foods Private Limited (HNFPL) Joint Venture Company Investment made (including financial guarantee) 105.15 During FY 2021-22 Sale of products 4.27 Purchase order/Invoice Purchase of products 0.01 Purchase order/Invoice Financial guarantee income 2.20 During FY 2021-22 Lease rental income 1.09 As per agreement Expenditure incurred on behalf of HNFPL 4.67 During FY 2021-22 3. Heritage Finlease Limited Enterprise over which Vice-Chairperson & Managing Director and Executive Director of the Company exercise significant influence Remittance of loan proceeds collected on behalf of Heritage Finlease Limited 1,372.71 As per agreement Cattle loan facilitation charges 2.58 As per agreement Reimbursement of insurance proceeds received on behalf of Heritage Finlease Limited 0.03 During FY 2021-22 Deposit paid 1.51 As per the lease agreement Lease rentals paid 1.81 4. NTR Memorial Trust Enterprise over which Vice-Chairperson & Managing Director and Executive Director of the Company exercise significant influence CSR expenditure 15.40 As per CSR initiatives