Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Ref: The proposed Rights issue of 4,63,98,000 Equity Shares of face value of Rs. 5 each for cash at a price of Rs. 5 per Rights Equity Share for an amount aggregating to Rs. 2319.90 lakhs of the Company under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Dear Sir/Madam,
The members of the Right Issue Committee at their meeting held on today i.e. 27th December 2022 had inter alia reviewed and approved the following items.
The Draft Letter of Offer for the proposed Rights Issue of the Company for an amount of Rs. 2319.90 lakhs. The Draft Letter of Offer will be filed with the Stock Exchanges where the shares of the Company are listed for in-principle approval.
Appointment of ICICI Bank Limited, Capital Markets Division, Churchgate, Mumbai as a Banker to the issue.
Kindly take the same on record and display the same on the website of your exchange.
Thanks & Regards,
For HERITAGE FOODS LIMITED
UMAKAN TA BARIK
Digitally signed by
UMAKANTA BARIK Date: 2022.12.27 13:35:53 +05'30'
UMAKANTA BARIK
Company Secretary & Compliance Officer
M. No:FCS-6317
About the Company:
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.
Heritage Foods Ltd. published this content on 27 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:43 UTC.
Heritage Foods Limited is an India-based dairy company. The Company's segments include Dairy, Renewable energy and Feed. The Dairy segment is engaged in the manufacturing and marketing a complete range of milk and milk products. The Renewable energy segment produces power for captive consumption through its solar and wind power plants. The Feed segment is engaged in the manufacturing of a wide varieties of cattle and fish feeds. The Company's milk products include toned milk, double toned milk, A2 full cream milk, UHT milk, cow milk, full cream milk and slim milk. Its fat products include cow ghee, cooking butter, buffalo ghee, table butter, fresh cream and Hi aroma ghee. Its value-added products include curd, butter milk, flavored milk, sweets, cheese, lassi, milk shakes, cold coffee, paneer and whey drink. The Company's ice cream products include tubs, bars, kulfi, family packs, cones, cups and juicy bars. Its fish feed products include floating fish feed and sinking fish feed.