Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 291 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 45. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 The creditors covered by Micro, Small and Medium Enterprises Development Act, 2006 ("the MSMED Act, 2006") have been identified on the basis of information available with the Group. Disclosures in respect of the amounts payable to such parties are given below: As at 31 March 2024 31 March 2023 (i) The principal amount remaining unpaid as at the end of the year. 91.03 63.77 (ii) The amount of interest accrued and remaining unpaid on (i) above. - - (iii) Amount of interest paid by the Group in terms of Section 16, of the MSMED Act, 2006 along with the amounts of payments made beyond the appointed date during the year. - - (iv) The amount of interest due and payable for the period (where the principal has been paid but interest under the MSMED Act, 2006 not paid) - - (v) The amount of further interest remaining due and payable in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprises for the purpose of disallowance as a deductible expenditure under Section 23 of the MSMED Act, 2006. - - Notes: (a) Explanation - The terms 'appointed day', 'buyer', 'enterprise', 'micro enterprise', 'small enterprise' and 'supplier' shall have the same meaning as assigned to them under clauses (b), (d), (e), (h), (m) and (n) respectively of section 2 of the Micro, Small and Medium Enterprises Development Act, 2006. (b) This information required to be disclosed has been determined to the extent such parties have been identified on the basis of information available with the Group. The auditors have placed reliance on the information provided by the management. 46. Discontinued operations of Heritage Employees Welfare Trust (i) The financial performance presented below is for the year ended 31 March 2024 and 31 March 2023: For the year ended 31 March 2024 31 March 2023 Revenue - - Expenses - 0.01 Loss before tax from discontinued operations - (0.01) Tax expense - 0.03 Loss for the year from discontinued operations - (0.04) (ii) The cash flow information for the year ended 31 March 2024 and 31 March 2023 is as follows: For the year ended 31 March 2024 31 March 2023 Net cash used in operating activities - (0.04) Net cash generated from investing activities - - Net cash generated from financing activities - - Net decrease in cash and cash equivalents - (0.04) 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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