Heritage Foods Limited | 32nd Annual Report 2023-24

207 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Shareholding of Promoters as at 31 March 2023 Name of the promoter * As at 31 March 2023 As at 31 March 2022 % Change during the year No. of Shares % of total shares No. of Shares % of total shares N Bhuvaneswari 22,611,525 24.37% 10,661,652 22.98% 1.39% N Lokesh 10,037,453 10.82% 4,732,800 10.20% 0.62% Megabid Finance & Investment Private Limited 5,190,937 5.59% 2,447,600 5.28% 0.32% N Brahmani 430,952 0.46% 203,200 0.44% 0.03% V Naga Raja Naidu - 0.00% 100,000 0.22% (0.22)% N Devaansh 56,075 0.06% 26,400 0.06% 0.00% Ramakrishna Nandamuri 800 0.00% 400 0.00% 0.00% N P Ramakrishna 116,971 0.13% 56,971 0.12% 0.00% Durga Ramakrishna N P 71,590 0.08% 33,756 0.07% 0.00% Neelima N P 64,950 0.07% 30,625 0.07% 0.00% * Details of promoters are identified based on information submitted with the stock exchanges as per SEBI (LODR) Regulations, 2015 (as amended) and the Annual Returns filed in accordance with the provisions of Section 92 of the Act. 17. Other equity As at 31 March 2024 31 March 2023 Reserves and Surplus Capital reserve 12.11 12.11 Capital redemption reserve 8.10 8.10 Securities premium 368.62 368.62 Warrants money appropriated 31.87 31.87 General reserve 842.74 842.74 Retained earnings 6,307.84 5,640.02 7,571.28 6,903.46 Item of OCI Changes in fair value of equity instruments (0.28) (0.46) (0.28) (0.46) 7,571.00 6,903.00 Nature and purpose of reserves Securities premium The amount received in excess of face value of the equity shares, net off issue expenses, is recognised in the securities premium. This reserve will be utilised in accordance with the provisions of Section 52 of the Companies Act, 2013 (“the Act”). Capital reserve The excess of net assets taken, over the consideration paid, as part of the business combinations have been recorded under the capital reserve during the earlier years. Capital redemption reserve Capital redemption reserve was created on buy back of equity shares in the earlier years. The Company uses capital redemption reserve in accordance with the provisions of the Act. 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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