Annexure-5 Particulars of Energy Conservation, Technology Absorption and Foreign Exchange Earnings and outgo required under The Companies (Accounts) Rules, 2014 A) Energy Conversation Your Company, a renowned company in the food and dairy industry, has always been committed to energy conservation and environmental sustainability. Recognizing the critical importance of minimizing energy consumption and reducing carbon emissions, your Company has implemented various initiatives to promote energy conservation throughout its operations. One of the key strategies employed by your Company is the adoption of energy-efficient technologies. The company has invested in state-of-the-art equipment and machinery that are designed to optimize energy usage while maintaining the highest standards of productivity. By utilizing energy-efficient systems, your Company has significantly reduced its overall energy consumption, thereby minimizing its carbon footprint. Furthermore, your Company places great emphasis on employee awareness and engagement in energy conservation. The company conducts regular training programs and workshops to educate its employees about the importance of energy efficiency and provides them with practical tips to conserve energy in their daily work routines. This approach not only empowers employees to make conscious choices but also fosters a culture of sustainability within the organization. In addition to internal efforts, your Company actively seeks external partnerships and collaborations to further enhance its energy conservation endeavours. The company collaborates with energy consultants and experts to conduct energy audits, identify areas of improvement, and implement innovative solutions to optimize energy usage across its facilities. By staying at the forefront of technological advancements and best practices, your Company strives to continually improve its energy conservation efforts. Overall, your Company sets a commendable example in the food and dairy industry by prioritizing energy conservation and sustainability. Through the adoption of energy-efficient technologies, employee engagement, and strategic collaborations, the company demonstrates its commitment to reducing energy consumption, minimizing environmental impact, and building a greener future for generations to come. Your company has won the 2nd prize in Dairy Sector for the year 2023 on December 14, 2023 at all India level for the effective energy conservation process/methods for our Dairy Plant, situated at: Bayyavaram (V), Kasimakota (M), Visakhapatnam District, Andhra Pradesh-531031 B) Technology Absorption Your Company, a dairy and food processing company, has made significant efforts towards technology absorption in its operations. Here are some of the initiatives undertaken by Your Company to adopt and leverage technology: 1. Modernization of Infrastructure: Your Company has invested in modernizing its infrastructure and manufacturing facilities to incorporate advanced technology. This includes upgrading processing plants, cold storage facilities, and distribution centres with state-of-the-art equipment and machinery. 2. Automated Systems: The company has embraced automation across various stages of its operations. Automated systems are employed for milk collection, processing, packaging, and distribution, which not only improve efficiency but also ensure consistent quality and reduce human errors. 3. Quality Control and Testing: Your Company has implemented advanced quality control and testing methods to ensure the safety and quality of its products. The company utilizes technology-driven systems and instruments for rigorous testing of raw materials, fi nished products, and packaging materials. 4. Supply Chain Management: Technology plays a crucial role in your Company’s supply chain management. The company employs sophisticated software systems for demand forecasting, inventory management, logistics optimization, and route planning. These technologies help streamline operations, minimize wastage, and enhance overall efficiency. 5. IT Infrastructure and SAP Systems: Your Company has invested in robust IT infrastructure and enterprise resource planning (ERP) systems. These systems enable efficient data management, integration of various business functions, and real-time monitoring and reporting. They also support decision-making processes and facilitate smooth coordination between different departments. 6. R&D Initiatives: Your Company has a dedicated research and development (R&D) division that focuses on product innovation and process improvement. The R&D team utilizes advanced technologies and techniques to develop new products, enhance existing ones, and optimize production processes. 7. Training and Skill Development: Recognizing the importance of human resources in technology absorption, Your Company provides regular training and skill development programs to its employees. These initiatives aim to enhance their technical knowledge and proficiency in utilizing technology effectively. By adopting and absorbing technology in various aspects of its operations, Your Company strives to enhance productivity, improve product quality, optimize supply chain management, and meet the changing demands of consumers. 8. The benefits derived like product Improvement, cost reduction, product development or import substitution: Energy saving & reduction of cost of products, improved product quality. 9. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year) : Nil 10. The Expenditure incurred on Research and Development : `13.04 Million C) Foreign Exchange Earnings and Outgo During the year under review foreign exchange earnings was `15.65 Million (previous Year `5.07 Million) and foreign exchange outgo was `8.30 Million (Previous year `5.36 Million) For and on behalf of the Board of Directors A V Girijakumar Place: Hyderabad Chairperson Date: May 29, 2024 (DIN : 02921377) Board's Report STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 92 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD
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