Sr. No. Name(s) of the related party Nature of Relationship Nature of contracts/ arrangements/ transactions Value of contracts/ arrangements/ transactions during the Year (₹ In Millions) Duration of contracts/ arrangements/ transactions 7. Master N Devaansh Relative of Executive Director and Vice –chairperson & Managing Director Lease Rentals 11.67 As per the lease agreement 8. Dr. M. Sambasiva Rao Key Managerial personnel (President) Short-term employee benefits 30.92 As per terms of appointment Post-employment benefits 0.89 9. Mr. Srideep M Kesavan Key Managerial personnel (CEO) Short-term employee benefits 17.51 As per terms of appointment Post-employment benefits 0.95 10. Mr. A. Prabhakara Naidu Key Managerial personnel (Chief Financial Officer) Short-term employee benefits 10.08 As per terms of appointment Post-employment benefits 0.54 Other long-term benefits 0.50 11. Mr. Umakanta Barik Key Managerial personnel (Company Secretary & Compliance Officer) Short-term employee benefits 4.68 As per terms of appointment Post-employment benefits 0.25 12. Mr. N Srivishnu Raju Non-Executive Independent Director Sitting fees 0.40 During FY 2023-24 13. Mr. Rajesh Thakur Ahuja Non-Executive Independent Director Sitting fees 0.85 During FY 2023-24 14. Mrs. Aparna Surabhi Non-Executive Independent Director Sitting fees 0.76 During FY 2023-24 15. Mr. Muthu Raju Paravasa Raju Vijay Kumar* Non-Executive Independent Director Sitting fees 0.70 During FY 2023-24 16. Mr. A V Girijakumar Non-Executive Independent Director Sitting fees 0.39 During FY 2023-24 17. Dr. V Nagaraja Naidu Non-Executive Director Sitting fees 0.56 During FY 2023-24 * Hereinafter referred as Mr. M P Vijay Kumar Note: i) Appropriate approvals has been taken from the Audit Committee and Board for the above related party transactions by the Company and no amount paid in advance for the above related party transactions. ii) The Audit committee / Board approved all the tentative Related party transactions before the commencement of financial year 2023-24 and in every quarter committee/Board review and approved the above Related party transactions, that are mostly repetitive in nature. iii) Approvals under first proviso to section 188(1) from shareholders are not required for the above related party transactions during FY 2023-24. Place: Hyderabad Date: May 29, 2024 For and on behalf of HERITAGE FOODS LIMITED A V Girijakumar Chairperson (DIN : 02921377) Board's Report STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 77 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24
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