HERITAGE FOODS LIMITED Ref: SECT: STOC: 53-22 | |||
June 07, 2022 | |||
To | To | ||
The Secretary | The Manager, | ||
BSE Limited | Listing Department, | ||
Phiroze Jeejeebhoy Towers, | National Stock Exchange oflndia Limited | ||
Dalal Street, | Exchange Plaza, C-1, G Block, Bandra-Kurla | ||
Mumbai - 400 001 | Complex, Bandra (East). Mumbai- 400 051 | ||
Scrip Code: 519552 | |||
Scrip Code: HERITGFOOD |
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Dear Sir/Madam,
Pursuant to Regulation 23(9) of Listing Regulations, please find enclosed disclosure of related party transactions and balances for the half year ended March 31, 2022.
Kindly take the same on record and display the same on the website of your exchange.
Thanks & Regards
For HERITAGE FOODS LIMITED
�
UMAKANTA BARIK
Company Secretary & Compliance Officer
- No: FCS-6317 Enc: a/a
Heritage Foods founded in the year 1992 is one of the fastest growing Private Sector Enterprises in India, with two business divisions' viz., Dairy and Renewable Energy under its flagship company Heritage Foods Limited and Cattle feed business through its subsidiary, Heritage Nutrivet Limited (HNL). Presently Heritage's milk and milk products have market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Uttar Pradesh and Uttarakhand. It has total renewable energy generation capacity of 10.50 MW from both Solar and Wind for captive consumption of its dairy factories.
4°ALrH AND HA,rll<>�'> | |
HERITAGE FOODS LIMITED | |
CIN: L15209TG1992PLC014332 | FBt.18002 |
AN ISO: 22000 CERTIFIED COMPANY |
Regd. Off: # 6-3-541/C, Panjagutta, Hyderabad - 500 082. Telangana, INDIA. Tel.: +91-40-23391221, 23391222, Fax: 23326789, 23318090
Email: hfl@heritagefoods.in, Website : www.heritagefoods.in
Rs In Millions
Additional disclosure of related party transactions - applicable only in case the related party transaction | ||||||||||||||||||
relates to loans, inter-corporate deposits, advances or investments made or given by the listed | ||||||||||||||||||
entity/subsidiary. These details need to be disclosed only once, during the reporting period when such | ||||||||||||||||||
transaction was undertaken. | ||||||||||||||||||
In case monies are | In case any financial | |||||||||||||||||
Details of the party (listed entity | indebtedness is incurred to | |||||||||||||||||
Details of the counterparty | due to either party as | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||||
/subsidiary) entering into the | Value of the | a result of the | make or give loans, inter- | |||||||||||||||
transaction | corporate deposits, advances | |||||||||||||||||
related | Value of | transaction | ||||||||||||||||
or investments | ||||||||||||||||||
party | transaction | |||||||||||||||||
Sl No | Type of related party transaction | transaction | during the | Nature of | Nature (loan/ | Purpose for which | ||||||||||||
as approved | reporting | the funds will be | ||||||||||||||||
indebtedness | advance/ | |||||||||||||||||
Relationship of the counterparty | by the audit | period | utilised by the | |||||||||||||||
Opening | Closing | (loan/ | inter- | Interest | Secured/ | |||||||||||||
Name | PAN | Name | PAN | with the listed entity or its | committee | Cost | Tenure | Tenure | ultimate recipient of | |||||||||
balance | balance | issuance of | corporate | Rate (%) | unsecured | |||||||||||||
subsidiary | debt/ any | deposit/ | funds (end- | |||||||||||||||
usage) | ||||||||||||||||||
other etc.) | investment | |||||||||||||||||
1 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Sale of products | 2.03 | 2.03 | ||||||||||||
Company | ||||||||||||||||||
2 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Financial guarantee income | 1.03 | 1.03 | ||||||||||||
Company | ||||||||||||||||||
3 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Purchase of products | 288.58 | 288.58 | ||||||||||||
Company | ||||||||||||||||||
4 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Lease rental income | 0.27 | 0.27 | ||||||||||||
Company | ||||||||||||||||||
5 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Purchase of Property, plant and | 3.09 | 3.09 | ||||||||||||
Company | equipment | |||||||||||||||||
6 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Reimburshment of Expenditure | 0.37 | 0.37 | ||||||||||||
Company | ||||||||||||||||||
7 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Brand income | 0.47 | 0.47 | ||||||||||||
Company | ||||||||||||||||||
Heritage Novandie Foods | Not | Not | Not | Investment in equity | ||||||||||||||
8 | Heritage Foods Limited | Joint Venture Company | Investment | 59.50 | 59.50 | Investment | shares for Business | |||||||||||
Private Limited | Applicable | Applicable | Applicable | |||||||||||||||
Purpose | ||||||||||||||||||
9 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Sale of products | 3.10 | 3.10 | ||||||||||||
Private Limited | ||||||||||||||||||
10 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Purchase of products | 0.01 | 0.01 | ||||||||||||
Private Limited | ||||||||||||||||||
11 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Financial guarantee income | 1.10 | 1.10 | ||||||||||||
Private Limited | ||||||||||||||||||
12 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Lease rental income | 0.55 | 0.55 | ||||||||||||
Private Limited | ||||||||||||||||||
13 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Reimburshment of Expenditure | 2.54 | 2.54 | ||||||||||||
Private Limited | ||||||||||||||||||
14 | Heritage Foods Limited | Heritage Finlease Limited | Remittance of loan proceeds | 807.96 | 807.96 | |||||||||||||
collected | ||||||||||||||||||
15 | Heritage Foods Limited | Heritage Finlease Limited | Cattle loan facilitation charges | 1.50 | 1.50 | |||||||||||||
Enterprise over which Vice - | ||||||||||||||||||
Reimbursement of insurance | ||||||||||||||||||
16 | Heritage Foods Limited | Heritage Finlease Limited | Chairperson and Managing | 0.03 | 0.03 | |||||||||||||
proceeds | ||||||||||||||||||
Director and Executive Director of | ||||||||||||||||||
17 | Heritage Foods Limited | Heritage Finlease Limited | the Company exercise significant | Deposit paid | 1.51 | 1.51 | ||||||||||||
influence | ||||||||||||||||||
18 | Heritage Foods Limited | Heritage Finlease Limited | Lease rental paid | 1.81 | 1.81 | |||||||||||||
19 | Heritage Foods Limited | Heritage Finlease Limited | Lease rental income | 0.02 | 0.02 | |||||||||||||
Rs In Millions
Additional disclosure of related party transactions - applicable only in case the related party transaction | ||||||||||||||||||
relates to loans, inter-corporate deposits, advances or investments made or given by the listed | ||||||||||||||||||
entity/subsidiary. These details need to be disclosed only once, during the reporting period when such | ||||||||||||||||||
transaction was undertaken. | ||||||||||||||||||
In case monies are | In case any financial | |||||||||||||||||
Details of the party (listed entity | indebtedness is incurred to | |||||||||||||||||
Details of the counterparty | due to either party as | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||||
/subsidiary) entering into the | Value of the | a result of the | make or give loans, inter- | |||||||||||||||
transaction | corporate deposits, advances | |||||||||||||||||
related | Value of | transaction | ||||||||||||||||
or investments | ||||||||||||||||||
party | transaction | |||||||||||||||||
Sl No | Type of related party transaction | transaction | during the | Nature of | Nature (loan/ | Purpose for which | ||||||||||||
as approved | reporting | the funds will be | ||||||||||||||||
indebtedness | advance/ | |||||||||||||||||
Relationship of the counterparty | by the audit | period | utilised by the | |||||||||||||||
Opening | Closing | (loan/ | inter- | Interest | Secured/ | |||||||||||||
Name | PAN | Name | PAN | with the listed entity or its | committee | Cost | Tenure | Tenure | ultimate recipient of | |||||||||
balance | balance | issuance of | corporate | Rate (%) | unsecured | |||||||||||||
subsidiary | debt/ any | deposit/ | funds (end- | |||||||||||||||
usage) | ||||||||||||||||||
other etc.) | investment | |||||||||||||||||
Enterprise over which Vice - | ||||||||||||||||||
Chairperson and Managing | ||||||||||||||||||
20 | Heritage Foods Limited | NTR Memorial Trust | Director and Executive Director of | CSR expenditure | 7.50 | 7.50 | ||||||||||||
the Company exercise significant | ||||||||||||||||||
influence | ||||||||||||||||||
21 | Heritage Foods Limited | Basavatarakam Indo-American | Executive Director of the | Others (Staff welfare expenses) | 0.03 | 0.03 | ||||||||||||
Cancer Hospital | Company is one of the trustee | |||||||||||||||||
22 | Heritage Foods Limited | N Bhuvaneswari | Short-term employee benefits | Not | 30.25 | |||||||||||||
Applicable | ||||||||||||||||||
23 | Heritage Foods Limited | N Bhuvaneswari | Key Managerial Personnel | Post-employment benefits | Not | 0.48 | ||||||||||||
Applicable | ||||||||||||||||||
24 | Heritage Foods Limited | N Bhuvaneswari | Other long-term benefits | Not | 0.87 | |||||||||||||
Applicable | ||||||||||||||||||
25 | Heritage Foods Limited | N Brahmani | Short-term employee benefits | Not | 24.19 | |||||||||||||
Applicable | ||||||||||||||||||
Key Managerial Personnel | ||||||||||||||||||
26 | Heritage Foods Limited | N Brahmani | Post-employment benefits | Not | 0.25 | |||||||||||||
Applicable | ||||||||||||||||||
27 | Heritage Foods Limited | M Sambasiva Rao | Short-term employee benefits | Not | 12.20 | |||||||||||||
Applicable | ||||||||||||||||||
28 | Heritage Foods Limited | M Sambasiva Rao | Key Managerial Personnel | Post-employment benefits | Not | 0.39 | ||||||||||||
Applicable | ||||||||||||||||||
29 | Heritage Foods Limited | M Sambasiva Rao | Other long-term benefits | Not | 1.39 | |||||||||||||
Applicable | ||||||||||||||||||
30 | Heritage Foods Limited | Srideep Madhavan Nair | Short-term employee benefits | Not | 7.91 | |||||||||||||
Kesavan | Applicable | |||||||||||||||||
Key Managerial Personnel | ||||||||||||||||||
31 | Heritage Foods Limited | Srideep Madhavan Nair | Post-employment benefits | Not | 0.43 | |||||||||||||
Kesavan | Applicable | |||||||||||||||||
Rs In Millions
Additional disclosure of related party transactions - applicable only in case the related party transaction | ||||||||||||||||||
relates to loans, inter-corporate deposits, advances or investments made or given by the listed | ||||||||||||||||||
entity/subsidiary. These details need to be disclosed only once, during the reporting period when such | ||||||||||||||||||
transaction was undertaken. | ||||||||||||||||||
In case monies are | In case any financial | |||||||||||||||||
Details of the party (listed entity | indebtedness is incurred to | |||||||||||||||||
Details of the counterparty | due to either party as | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||||
/subsidiary) entering into the | Value of the | a result of the | make or give loans, inter- | |||||||||||||||
transaction | corporate deposits, advances | |||||||||||||||||
related | Value of | transaction | ||||||||||||||||
or investments | ||||||||||||||||||
party | transaction | |||||||||||||||||
Sl No | Type of related party transaction | transaction | during the | Nature of | Nature (loan/ | Purpose for which | ||||||||||||
as approved | reporting | the funds will be | ||||||||||||||||
indebtedness | advance/ | |||||||||||||||||
Relationship of the counterparty | by the audit | period | utilised by the | |||||||||||||||
Opening | Closing | (loan/ | inter- | Interest | Secured/ | |||||||||||||
Name | PAN | Name | PAN | with the listed entity or its | committee | Cost | Tenure | Tenure | ultimate recipient of | |||||||||
balance | balance | issuance of | corporate | Rate (%) | unsecured | |||||||||||||
subsidiary | debt/ any | deposit/ | funds (end- | |||||||||||||||
usage) | ||||||||||||||||||
other etc.) | investment | |||||||||||||||||
32 | Heritage Foods Limited | A Prabhakara Naidu | Short-term employee benefits | Not | 4.59 | |||||||||||||
Applicable | ||||||||||||||||||
Key Managerial Personnel | ||||||||||||||||||
33 | Heritage Foods Limited | A Prabhakara Naidu | Post-employment benefits | Not | 0.22 | |||||||||||||
Applicable | ||||||||||||||||||
34 | Heritage Foods Limited | Umakanta Barik | Short-term employee benefits | Not | 2.14 | |||||||||||||
Applicable | ||||||||||||||||||
Key Managerial Personnel | ||||||||||||||||||
35 | Heritage Foods Limited | Umakanta Barik | Post-employment benefits | Not | 0.10 | |||||||||||||
Applicable | ||||||||||||||||||
36 | Heritage Foods Limited | Srivishnu Raju Nandyala | Non-Executive Independent | Sitting Fees | Not | 0.24 | ||||||||||||
Director | Applicable | |||||||||||||||||
37 | Heritage Foods Limited | Rajesh Thakur Ahuja | Non-Executive Independent | Sitting Fees | Not | 0.33 | ||||||||||||
Director | Applicable | |||||||||||||||||
38 | Heritage Foods Limited | Aparna Surabhi | Non-Executive Independent | Sitting Fees | Not | 0.32 | ||||||||||||
Director | Applicable | |||||||||||||||||
39 | Heritage Foods Limited | Muthu Raju Paravasa Raju Vijay | Non-Executive Independent | Sitting Fees | Not | 0.15 | ||||||||||||
Kumar | Director | Applicable | ||||||||||||||||
40 | Heritage Foods Limited | Dr. Nagaraja Naidu Vadlamudi | Non-Executive Director | Sitting Fees | Not | 0.24 | ||||||||||||
Applicable | ||||||||||||||||||
Nirvana Holdings Private | Enterprise over which two | |||||||||||||||||
41 | Heritage Nutrivet Limited | Directors of the Company | Lease rental income | 0.02 | 0.02 | |||||||||||||
Limited | ||||||||||||||||||
exercise significant influence | ||||||||||||||||||
Megabid Finance & Investment | Enterprise over which two | |||||||||||||||||
42 | Heritage Nutrivet Limited | Directors of the Company | Lease rental income | 0.02 | 0.02 | |||||||||||||
Private Limited | ||||||||||||||||||
exercise significant influence | ||||||||||||||||||
43 | Heritage Nutrivet Limited | N Bhuvaneswari | Non-Executive Director | Sitting Fees | Not | 0.05 | ||||||||||||
Applicable | ||||||||||||||||||
44 | Heritage Nutrivet Limited | M Sambasiva Rao | Non-Executive Director | Sitting Fees | Not | 0.04 | ||||||||||||
Applicable | ||||||||||||||||||
45 | Heritage Nutrivet Limited | Rajesh Thakur Ahuja | Non-Executive Independent | Sitting Fees | Not | 0.05 | ||||||||||||
Director | Applicable | |||||||||||||||||
46 | Heritage Nutrivet Limited | Aparna Surabhi | Non-Executive Independent | Sitting Fees | Not | 0.05 | ||||||||||||
Director | Applicable | |||||||||||||||||
Rs In Millions
Additional disclosure of related party transactions - applicable only in case the related party transaction | ||||||||||||||||||
relates to loans, inter-corporate deposits, advances or investments made or given by the listed | ||||||||||||||||||
entity/subsidiary. These details need to be disclosed only once, during the reporting period when such | ||||||||||||||||||
transaction was undertaken. | ||||||||||||||||||
In case monies are | In case any financial | |||||||||||||||||
Details of the party (listed entity | indebtedness is incurred to | |||||||||||||||||
Details of the counterparty | due to either party as | Details of the loans, inter-corporate deposits, advances or investments | ||||||||||||||||
/subsidiary) entering into the | Value of the | a result of the | make or give loans, inter- | |||||||||||||||
transaction | corporate deposits, advances | |||||||||||||||||
related | Value of | transaction | ||||||||||||||||
or investments | ||||||||||||||||||
party | transaction | |||||||||||||||||
Sl No | Type of related party transaction | transaction | during the | Nature of | Nature (loan/ | Purpose for which | ||||||||||||
as approved | reporting | the funds will be | ||||||||||||||||
indebtedness | advance/ | |||||||||||||||||
Relationship of the counterparty | by the audit | period | utilised by the | |||||||||||||||
Opening | Closing | (loan/ | inter- | Interest | Secured/ | |||||||||||||
Name | PAN | Name | PAN | with the listed entity or its | committee | Cost | Tenure | Tenure | ultimate recipient of | |||||||||
balance | balance | issuance of | corporate | Rate (%) | unsecured | |||||||||||||
subsidiary | debt/ any | deposit/ | funds (end- | |||||||||||||||
usage) | ||||||||||||||||||
other etc.) | investment | |||||||||||||||||
47 | Heritage Foods Limited | Heritage Nutrivet Limited | Wholly-owned Subsidiary | Payble | 13.83 | 9.60 | ||||||||||||
Company | ||||||||||||||||||
Enterprise over which Vice - | ||||||||||||||||||
Chairperson and Managing | ||||||||||||||||||
48 | Heritage Foods Limited | Heritage Finlease Limited | Director and Executive Director of | Payble | 28.13 | 9.50 | ||||||||||||
the Company exercise significant | ||||||||||||||||||
influence | ||||||||||||||||||
49 | Heritage Foods Limited | Heritage Novandie Foods | Joint Venture Company | Receivable | 0.39 | 0.39 | ||||||||||||
Private Limited | ||||||||||||||||||
50 | Heritage Foods Limited | N Bhuvaneswari | Key Managerial Personnel | Payble | 36.99 | 57.43 | ||||||||||||
51 | Heritage Foods Limited | N Brahmani | Key Managerial Personnel | Payble | 33.27 | 52.54 | ||||||||||||
52 | Heritage Foods Limited | M Sambasiva Rao | Key Managerial Personnel | Payble | 9.26 | 13.62 | ||||||||||||
53 | Heritage Foods Limited | Srideep Madhavan Nair | Key Managerial Personnel | Payble | 0.88 | 0.01 | ||||||||||||
Kesavan | ||||||||||||||||||
54 | Heritage Foods Limited | A Prabhakara Naidu | Key Managerial Personnel | Payble | 0.36 | - | ||||||||||||
55 | Heritage Foods Limited | Umakanta Barik | Key Managerial Personnel | Payble | 0.20 | - | ||||||||||||
Nirvana Holdings Private | Enterprise over which two | |||||||||||||||||
56 | Heritage Nutrivet Limited | Directors of the Company | Receivable | 0.03 | - | |||||||||||||
Limited | ||||||||||||||||||
exercise significant influence | ||||||||||||||||||
Megabid Finance & Investment | Enterprise over which two | |||||||||||||||||
57 | Heritage Nutrivet Limited | Directors of the Company | Receivable | 0.03 | - | |||||||||||||
Private Limited | ||||||||||||||||||
exercise significant influence | ||||||||||||||||||
Enterprise over which two | ||||||||||||||||||
58 | Heritage Nutrivet Limited | Heritage Finlease Limited | Directors of the Company | Receivable | 0.01 | 0.01 | ||||||||||||
exercise significant influence | ||||||||||||||||||
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Disclaimer
Heritage Foods Ltd. published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 06:31:03 UTC.
