206 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS iii. Reconciliation of number of equity shares outstanding at the beginning and end of the year 31 March 2024 31 March 2023 Number Amount Number Amount Equity shares At the beginning of the year 9,27,96,000 463.98 4,63,98,000 231.99 Add: Issues during the year - Rights issue - - 4,63,98,000 231.99 At the end of the year 9,27,96,000 463.98 9,27,96,000 463.98 iv. Rights, preferences and restrictions attached to equity shares The Company has only one class of issued, subscribed and paid up equity shares having a par value of ₹5 each per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the share holders. v. Details of shareholders holding more than 5% equity shares in the Company Name of the equity shareholders 31 March 2024 31 March 2023 Number % holding Number % holding N Bhuvaneswari 2,26,11,525 24.37% 2,26,11,525 24.37% Nirvana Holdings Private Limited 1,09,13,107 11.76% 1,09,13,107 11.76% N Lokesh 1,00,37,453 10.82% 1,00,37,453 10.82% Megabid Finance & Investment Private Limited 51,90,937 5.59% 51,90,937 5.59% DSP Small Cap Fund 48,61,036 5.24% 48,61,036 5.24% vi. The Company has not issued any equity shares pursuant to contract without payment being received in cash or by way of bonus shares or bought back any equity shares during the last five years preceding the balance sheet date. vii. Shareholding of Promoters as at 31 March 2024 Name of the promoter * As at 31 March 2024 As at 31 March 2023 % Change during the year No. of Shares % of total shares No. of Shares % of total shares N Bhuvaneswari 2,26,11,525 24.37% 2,26,11,525 24.37% 0.00% N Lokesh 1,00,37,453 10.82% 1,00,37,453 10.82% 0.00% Megabid Finance & Investment Private Limited 51,90,937 5.59% 51,90,937 5.59% 0.00% N Brahmani 4,30,952 0.46% 4,30,952 0.46% 0.00% V Naga Raja Naidu - 0.00% - 0.00% 0.00% N Devaansh 56,075 0.06% 56,075 0.06% 0.00% Ramakrishna Nandamuri 800 0.00% 800 0.00% 0.00% N P Ramakrishna - 0.00% 1,16,971 0.13% (0.13)% Durga Ramakrishna N P - 0.00% 71,590 0.08% (0.08)% Neelima N P - 0.00% 64,950 0.07% (0.07)% Summary of the material accounting policies and other explanatory information (All amounts in ₹ millions, except share data and where otherwise stated)
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