Dear Shareholders, I hope this message fi nds you in good health and high spirits. I am delighted to share with you the exciting news of Heritage Foods Ltd.’s remarkable performance in the fi nancial year 2022-23. Our Company has delivered substantial top-line growth, and I am pleased to report that we have achieved exceptional results. First and foremost, I would like to express my gratitude to each and every one of you for your unwavering support and confi dence in Heritage Foods. It is your trust and belief in our vision that has propelled us to new heights and enabled us to achieve such impressive growth. In FY2022-23, your Company witnessed a signifi cant increase in revenue, resulting in an outstanding top-line growth rate. We have not only met, but also exceeded our targets, demonstrating our ability to navigate challenges and seize opportunities in the market. This exceptional performance is a testament to our strong business fundamentals, strategic initiatives, and the hard work and dedication of our talented team. Our success in driving top-line growth can be attributed to several key factors. Firstly, we have continued to focus on expanding our product portfolio and enhancing our existing off erings to meet the evolving needs and preferences of our consumers. This consumers-centric approach has allowed us to capture new market segments and drive increased sales. Moreover, we have invested signifi cantly in modernizing our processing facilities and optimizing our supply chain. These investments have not only improved operational eff iciency, but also enabled us to scale our operations to meet the growing demand. By leveraging technology and adopting best practices, we have been able to streamline processes, reduce costs and deliver superior value to our customers. In addition, our unwavering commitment to quality and food safety has played a pivotal role in our success. We understand the importance of delivering products that meet the highest standards and we have implemented stringent quality control measures across our operations. This focus on quality has not only strengthened our brand reputation but also fostered consumer loyalty and trust. Looking ahead, we remain committed to our growth trajectory and are confi dent in our ability to capitalize on future opportunities. We will continue to invest in research and development, innovation, and marketing initiatives to drive sustained growth and expand our market reach. Our goal is to further enhance our competitive position and deliver long-term value to our stakeholders. As we celebrate this exceptional achievement, it is important for us to acknowledge the relentless eff orts and dedication of our entire workforce. Their commitment to excellence, resilience, and ability to adapt to changing market dynamics have been instrumental in our success. I extend my heartfelt appreciation and gratitude to each and every member of the Heritage Foods family. I would like to express my gratitude to our esteemed shareholders for their unwavering support and confi dence in Heritage Foods. Your trust and belief in our vision have been instrumental in our journey forward. We remain deeply committed to creating sustainable value for all our stakeholders. In conclusion, I would like to express my sincere gratitude once again to our shareholders for their unwavering support and trust. The remarkable top-line growth achieved by Heritage Foods in the fi scal year 2022-23 is a testament to our collective eff orts and strong foundation. We are committed to delivering sustainable value and long-term growth, and we look forward to embarking on this journey with your continued support. Warm regards, N. Bhuvaneswari Vice-Chairperson & Managing Director 07 Vice-chairperson & Managing Director ’s message | Corporate Overview
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