Annexure-1 Form No. AOC-2 (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014 Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto 1. Details of contracts or arrangements or transactions not at arm’s length basis: Nil All the contracts or arrangements or transactions entered into during the year ended 31st March, 2023 were at arm’s length basis and in the ordinary course of business of the Company. 2. Details of contracts or arrangement or transactions at arm’s length basis: The Company has not entered into any material contracts or arrangement or transactions with any of the related parties during the FY 2022-23. However the details of non-material contracts or arrangement or transactions entered at arm’s length basis and in the ordinary course of business of the company for FY 2022-23 are given below: Sr. No. Name(s) of the related party Nature of Relationship Nature of contracts/ arrangements/ transactions Value of contracts/ arrangements/ transactions during the Year (₹ In Millions) Duration of contracts/ arrangements/ transactions 1. Heritage Nutrivet Limited (HNL) Wholly Owned Subsidiary Company Investment made (including financial guarantee) 1.00 During FY 2022-23 Sale of products 5.52 Sale order/Invoice Financial guarantee income 2.05 During FY 2022-23 Purchases 743.79 Purchase order/Invoice Lease rental income 0.41 As per agreement Purchase of Property, plant and equipment 0.45 Purchase order/Invoice Expenditure incurred on behalf of HNL 1.16 During FY 2022-23 Brand income 1.11 As per agreement 2. Heritage Novandie Foods Private Limited (HNFPL) Joint Venture Company Investment made (including financial guarantee) 55.50 During FY 2022-23 Sale of products 14.45 Sale order/Invoice Purchase of products 0.04 Purchase order/Invoice Financial guarantee income 2.20 During FY 2022-23 Lease rental income 1.09 As per agreement Expenditure incurred on behalf of HNFPL 8.49 During FY 2022-23 3. Heritage Employee Welfare Trust Controlled Trust Other Income 0.01 During FY 2022-23 87 Board’s Report | Statutory Reports
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