Heritage Foods Limited | 30th Annual Report 2021-22

Financial Statements Company Overview Statutory Reports 93 Annexure-6 Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings andOutgo required under the Companies (Accounts) Rules, 2014 A. Conservation of Energy “Your Company is committed to looking for innovative ways to optimize the energy mix towards cleaner, more efficient forms of energy increasing share of renewable energy sources, while continuing to reduce consumption. Your Company continue to investigate the feasibility of technologies with the potential to reduce emissions and contribute to energy efficiency”. i. Energy conservation dictates how efficiently a company can conduct its operations. The Company has recognized the importance of energy conservation in decreasing the deleterious effects of global warming and climate change. The Company has undertaken various energy efficient practices that have reduced the growth in carbon dioxide (CO2) emissions and strengthened the Company’s commitment towards becoming an environment friendly organization. A dedicated ‘Energy Conservation Cell’ is focusing on energy management and closely monitor energy consumption pattern across all manufacturing sites. Periodic energy audits are conducted to improve energy performance. ii. Won 3 CII National Energy Conservation Awards in the Year 2020-21 at the All India Level iii. Some old Pumps are replaced with energy-efficient pumps iv. Heat Recovery Systems are installed at various Plants to save on /Thermal Energy v. During the period under review the Company has not invested any additional amount in energy conservation equipment’s. B. Technology Absorption i. The efforts made by the Company towards technology absorption during the year under review are: Ɣ Installed Compact type skid mounted refrigeration system Ɣ Installed energy efficient evaporative conditioner/compressor Ɣ Installed of high energy efficient ammunition screw compressor system along with variable frequency drive (VFD) Ɣ Commissioned 2TPH and 4TPH Biomass Fuel Fired Boilers Ɣ Provided LED lighting system to all applicable packing stations Ɣ Installed Automatic CIP system Ɣ Provided Crate conveyor system Ɣ Many high Capacity motors are arranged with VFDs to Save on Electricity Ɣ Ammonia Refrigeration Systems at our Shamirpet Plant are integrated for efficient Operations Ɣ Ammonia Pumping system arranged for Cold rooms ii. The benefits derived like product Improvement, cost reduction, product development or import substitution: Energy saving & reduction of cost of products, improved product quality. iii. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year) : Nil iv. The Expenditure incurred on Research and Development : ` 8.99 Million C. Foreign Exchange Earnings and Outgo During the year under review foreign exchange earnings was Nil (previous Year-Nil) and foreign exchange outgo was ` 0.35 Million (Previous year ` 31.37 Million) For and on behalf of the Board of Directors N. BHUVANESWARI N. BRAHMANI Place : Hyderabad Vice Chairperson & Managing Director Executive Director Date : May 27, 2022 (DIN: 00003741) (DIN : 02338940) Board’s Report