Form AOC-1 (Persuant to fi rst proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules 2014) statement containing salient feature of the fi nancial statements of subsidiaries/associate companies/joint ventures Part “A” Subsidiaries (All amounts in ₹ millions, except share data and where otherwise stated) S. No Name of the Subsidiary The Date since when subsidiary was acquired Reporting period for the subsidiary concerned if different from the holding company’s reporting period As at For the Year ended Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Turnover Profit / (Loss) before taxation Provision for taxation (incl. Deferred Tax) Profit / (Loss) after Taxation Proposed Dividend Exten of Share Holding 1 Heritage Nutrivet Limited -Subsidiary 01.12.2008 As at/ Year Ended: 31.03.2023 Reporting period same 37.10 370.83 587.15 179.21 - 1,069.10 16.04 4.95 11.09 - 100 31.03.2022 Reporting period same 37.10 358.57 557.84 162.16 - 946.12 15.65 5.06 10.59 - 100 Heritage Foods Limited has given corporate guarantee of ` 207.50 Million till 31st March’2023 for the credit facilities availed by its wholly owned subsidiary Company namely M/s. Heritage Nutrivet Limited and the outstanding amount of credit facilities of subsidiary Company as on March 31, 2023 was ` 78.82 Million Part “B” Associates / Joint Venture S. No Name of the Associate/Joint Venture Last Audited Balance sheet Date Date on which the Associate or Joint Venture was associated or acquired Shares of Associate/ Joint ventures held by the Company on the Year End Description of how there is significant influence Reason why the associate/Joint Venture is not consolidated Net worth attributable to share holding as per latest audited Balance sheet Profit / (Loss) for the Year No of Shares Amount of Investment Extent of Holding (%) Considered in consolidation Not Considered in consolidation 1 Skill Raigam Power (India) Limited- (Associate)* 31.03.2023 2011-12 650000 6.50 43.33 N.A N.A - - - 31.03.2022 2011-12 650000 6.50 43.33 N.A N.A - - (28.91) 2 Heritage Novandie Foods Private Limit- ed-(Joint Venture) # 31.03.2023 2017-18 5489727 311.95 50.00 N.A N.A 139.34 85.64 85.64 31.03.2022 2017-18 4939727 256.95 50.00 N.A N.A 169.32 (60.34) (60.34) * SKIL Raigam Power (India) Limited has been declared as Dormant Company as per Section 455(2) of Companies Act, 2013 vide SRN No T42936765 dated 22.09.2021. Networth attributable to shareholding as per balance sheet as on 31 March 2023 is ` 16.79 millions but disclosed as Nil, since the Company has already provided impairment loss to the extent of its equity shareholding of ` 6.50 millions. # Heritage Foods Limited has given corporate guarantee of ` 220 Million as at 31st March’2023 for the credit facilities availed by its Joint Venture Company namely M/s. Heritage Novandie Foods Private Limited. and the outstanding amount of credit facilities as on March 31, 2023 was ` 110.21 Million For and on behalf of Board of Directors of Heritage Foods Limited N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Chief Executive Off icer Chief Financial Off icer Company Secretary & M.No.FCA 200974 Compliance Off icer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 25 May 2023 Date : 25 May 2023 Heritage Foods Limited | 31st Annual report 2022-23 312
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