Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited Firm’s Registration No: 001076N/N500013 N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Sanjay Kumar Jain Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Partner Chief Executive Off icer Chief Financial Off icer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Off icer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 25 May 2023 Date : 25 May 2023 52. Additional disclosures (a) No proceeding have been initiated on or is pending against the Group for holding benami property under the Benami Transactions Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder. (b) The Group has not been declared wilful defaulter by any bank or fi nancial Institution or other lender. (c) No transactions are carried out with companies struck off under section 248 of the Act or section 560 of Companies Act, 1956. (d) No charges or satisfaction yet to be registered with ROC beyond the statutory period. (e) The Group has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017. (f ) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Act. (g) There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account. (h) The Company has not traded or invested in crypto currency or virtual currency during the current or previous year. 311 Consolidated | Financial Statements
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