Heritage Foods Limited | 32nd Annual Report 2023-24

Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 286 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD (b) Transactions with related parties For the year ended 31 March 2024 31 March 2023 Heritage Novandie Foods Private Limited Investment made (including financial guarantee) 98.00 55.50 Sale of products 10.87 14.45 Purchase of products - 0.04 Financial guarantee income 2.20 2.20 Lease rental income 1.25 1.09 Expenditure incurred on behalf of HNFPL 8.08 8.49 Heritage Finlease Limited Remittance of loan proceeds collected on behalf of Heritage Finlease Limited 1,823.36 1,860.76 Cattle loan facilitation charges 3.95 3.76 Deposit paid 15.58 25.04 Lease rental paid 81.93 26.52 Lease rental income - 0.04 Others 0.80 0.59 Nirvana Holdings Private Limited Lease rental income - 0.04 NTR Memorial Trust CSR expenditure 11.12 25.49 Sale of products 1.63 0.51 Megabid Finance & Investment Private Limited Lease rental income - 0.04 N Bhuvaneswari Short-term employee benefits 77.70 47.99 Post-employment benefits 0.97 0.97 Other long-term benefits 0.87 0.87 N Brahmani Short-term employee benefits 62.10 38.32 Post-employment benefits 0.49 0.49 Deposits Paid - 6.08 Lease Rentals 12.35 4.05 N Devaansh Deposits Paid - 6.08 Lease Rentals 12.35 4.05 M Sambasiva Rao Short-term employee benefits 30.98 23.92 Post-employment benefits 0.89 0.81 Srideep Madhavan Nair Kesavan Short-term employee benefits 17.51 16.11 Post-employment benefits 0.95 0.87 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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