Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 75 • The annual Median Remuneration of Employees (MRE) was ` 0.19 million and ` 0.19 million in financial year 2021-22 and financial year 2020-21 respectively. • The number of permanent employees on the rolls of the Company as of March 31, 2022 was 3009 • The revenue was grown by 9.80% during financial year 2021-22 as compare to the previous financial year. • The aggregate remuneration of employees excluding WTD decreased in FY 2021-22 over the previous financial year bt 1.00% • The aggregate remuneration of employees including WTD decreased in FY 2021-22 over the previous financial year by 6.91% • The aggregate remuneration of WTD decreased in FY 2021-22 over the previous financial year by 30.40% • The aggregate remuneration of KMP decreased in FY 2021-22 over the previous financial year by 22.68% • The Company affirms that the remuneration is as per the remuneration policy of the Company. iv. Statement required under Rule 5(2) of the Companies (appointment and remuneration of Managerial Personal) Rules, 2014. Sl No Director/Employee Name Designation Annual Gross Remu- neration Received for FY21- 22** ( ` in Million) Qualification Total Years of Experience Date of Joining in the Company Age (Yrs) Last Employment before Joining the Company No of Equity Shares held in the Company (i) Director 1 Mrs. N Bhuvaneswari VC&MD 76.93 # B.A 28 12.12.1999 60 - 10661652 2 Mrs. N. Brahmani ED 61.54 # B. Tech., MBA 14 28.06.2013 34 Vertex Venture Management Private Limited, Singapore. 203200 (ii) Employee 1 Dr. M Sambasiva Rao President 27.65* M.Sc, PhD 38 23.01.2006 65 Joint Secretary, Ministry Of Com- merce And Industry, Govt. Of India 86789 2 Mr. Srideep Madhavan Nair Kesavan CEO 10.19 B.Tech, MBA (PGDBM, Marketing) XLRI 25 28.07.2021 49 Coca Cola India Private Limited 1350 3 Mr. A Prabhakara Naidu CFO 7.96 B.Sc, C.A 33 07.08.1992 61 Heritage Foods Limited. - 4 Mr. J Samba Murthy COO 7.29 MBA (Marketing) 33 01.04.2007 56 Reliance Life Science Limited 600 5 Mr. D.V.R.K Prasad Sr.VP 5.41 IDD(DT), BBA 39 07.11.1996 60 Salem Dairy - 6 Mr. Chilakalapudi Rajababu Sr.GM 5.01 M.Tech, MDBA 25 12.04.2007 48 Reliance Industries Limited - 7 Mr.Dheeraj Tandon Sr.GM 4.78 MBA(HR), PG Dip.(T&D) 23 05.10.2016 46 Meritor Commercial Vehicle Sys- tems (India) Private Limited 40 8 Mr. Balaji Adivishnu GM 4.53 MBA (Mkt), MSc (Maths) 22 27.06.2019 46 Real Time Governance - Govt. Of India - 9 Mr. Shailendra Sarin Sr. GM 4.22 BSc, PGDM 30 26.08.2019 57 Suhail Bahwan Group Holding - 10 Mr. Suresh Kumar Patidar Sr.GM 3.93 M.Tech (DT) 27 06.07.2012 52 Junagadh Dairy (Mother Dairy) - VC&MD: Vice Chairperson & Managing Director COO: Chief Operating Officer ED: Executive Director Sr. VP: Senior Vice President CFO: Chief Financial Officer Sr. GM: Senior General Manager CEO: Chief Executive Officer GM: General Manager # Remuneration including monthly salary, Perks & Performance/Annual Pay * Remuneration includes Salary & Performance incentive ** Gross Remuneration includes Monthly Remuneration, Variable Pay All the above appointment are contractual and they are not relative of any Director of the company except Mrs. N. Bhuvaneswari and Mrs. N. Brahmani are related to each other. None of the employees of the company are working outside of India. Board’s Report