The below mentioned is the Promoter & Promoters Group shareholding pre and post reclassification with effect from December 12, 2023 pursuant to the above approval. Pre-Reclassification Post-Reclassification Sl No Name of the Shareholder No. of Shares held % of total Shares Sl No Name of the Shareholder No. of Shares held % of total Shares 1 N Bhuvaneswari 2,26,11,525 24.37 1 N Bhuvaneswari 2,26,11,525 24.37 2 N Lokesh 1,00,37,453 10.82 2 N Lokesh 1,00,37,453 10.82 3 Megabid Finance & Investment Pvt Ltd 51,90,937 5.59 3 Megabid Finance & Investment Pvt Ltd 51,90,937 5.59 4 N Brahmani 4,30,952 0.46 4 N Brahmani 4,30,952 0.46 5 N Devaansh 56,075 0.06 5 N Devaansh 56,075 0.06 6 Ramakrishna Nandamuri 800 0.00 6 Ramakrishna Nandamuri 800 0.00 7 V Nagaraja Naidu - - 7 V Nagaraja Naidu - - 8 N Balakrishna - - 8 N Balakrishna - - 9 Ramakrishna N P 1,16,971 0.13 10 Durga Ramakrishna N P 71,590 0.08 11 Neelima N P 64,950 0.07 12 Kathya N P - - 13 Sivasankara Prasad Alapati - - Total 3,85,81,253 41.58 Total 3,83,27,742 41.30 Deposits Your Company has not accepted any deposits including deemed deposits covered under Chapter V of the Companies Act, 2013, i.e. within the meaning of Section 2(31) of the Companies Act, 2013 read with Rule 2(1)(c) of the Companies (Acceptance of Deposits) Rules, 2014 and as such there are no such overdue deposits outstanding as on 31st March, 2024 Buy Back of shares The Company has not bought back any of its shares during the Financial Year ended March 31, 2024. Particulars of Loans, Guarantees and Investments Loans: During the year under review your Company has not given any loans to any persons or body corporates as envisaged under Section 186 of the Companies Act, 2013. Guarantees: The Company has given corporate guarantee as at March 31, 2024 of ₹ 220 Million for the credit facilities availed by its joint venture Company namely Heritage Novandie Foods Private Limited (CIN: U74999TG2017PTC120860) (the outstanding as on March 31, 2024 was ₹ 63.55 Million) from ICICI Bank Limited for long term loan and working capital facilities. The guarantee facility extended to Heritage Nutrivet Limited was discontinued wef. March 29, 2024. Investments: During the year under review your Company has invested ₹ 97.50 million in the equity shares of its Joint Venture namely Heritage Novandie Foods Private Limited. Particulars of Contract or Arrangements made with Related Parties The particulars of contracts or arrangements with related parties as per Section 188 of the Companies Act, 2013 and rules made thereof as amended from time to time and as per the Related Party Transaction (RPT) policy the Company during the financial year ended March 31, 2024 in prescribed Form AOC-2 is annexed to this Board’s Report (Annexure-1). Further there are no materially significant related party transactions during the year under review with Promoters, Directors, Key Managerial Personnel’s and their relatives, which may have potential conflict with interest of the company at large. The related party transactions were placed before the audit committee and also to the Board at their respective meetings for approval. All related party transactions entered during the year were in the ordinary course of business and at arm’s length basis. Details of the related party transactions during the year are part of the financial statements forming part of this Annual Report. Material changes and commitments affecting financial position between the end of the financial year and date of report There are no material changes and commitments affecting financial position of the company, which occurred after the end of the financial year i.e., March 31, 2024. Board's Report STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 55 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24
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