For the year ended 31 March 2023 31 March 2022 Earnings per equity share (in absolute ₹ terms) Nominal value per equity share 5.00 5.00 Basic and Diluted EPES from continuing operations# 6.33 10.55 Basic and Diluted EPES from discontinued operations - - Basic and Diluted EPES from continuing and discontinued operations# 6.33 10.55 The Company have potential dilutive equity shares as on 31 March 2023 and 31 March 2022. #The Holding Company has allotted 46,398,000 equity shares of ₹5/- each at face value aggregating to ₹231.99 through rights issue on 21 February 2023. The basic and diluted earnings per share for the previous year has been retrospectively adjusted for the bonus element in respect of the rights issue made during the year ended 31 March 2023. 33. Exceptional item for the FY 21-22 represents provision of ₹91.40 created, on account of disputed liability mainly due to GST classifi cation of fl avored milk, being faced by the dairy sector. 34. Dividend proposed before approval or issue of the financial statements The dividend amount per equity share proposed or declared in accordance with the provisions of Section 123 of the Act is as follows: For the year ended 31 March 2023 31 March 2022 Proposed final dividend on equity shares of ₹5 each * Per equity share (in absolute ₹ terms) 2.50 2.50 Amount 231.99 116.00 Interim dividend declared on equity shares of ₹5 each Per equity share (in absolute ₹ terms) - 2.50 Amount - 116.00 (*) The proposed fi nal dividend, is subject to the approval of shareholders in the ensuing Annual General Meeting of the Holding Company and accordingly not recognized as a liability in accordance with the applicable accounting principles. Note: The Holding Company has paid a dividend of ₹2.5 per share during the year ended 31 March 2023 (31 March 2022: ₹7.5 per share) amounting to ₹116.00 (31 March 2022: ₹347.99). 35. Disclosure pursuant to requirements of Rule 11(e) (i) & (ii) of the Companies (Audit and Auditors) Rules (i) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Group to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identifi ed by or on behalf of the Group (Ultimate Benefi ciaries). (ii) The Group has not received any fund from any party(s) (Funding Party) with the understanding that the Group shall whether, directly or indirectly lend or invest in other persons or entities identifi ed by or on behalf of the Group (“Ultimate Benefi ciaries”) or provide any guarantee, security or the like on behalf of the Ultimate Benefi ciaries. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Heritage Foods Limited | 31st Annual report 2022-23 292
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