Heritage Foods Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
HERITGFOOD · price
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Heritage Foods Limited held its 33rd Annual General Meeting on July 31, 2025, via video conferencing from 10:00 AM to 11:50 AM, with 83 members participating. The Chairperson, A V Girija Kumar, confirmed that the Statutory Auditor's report and Secretarial Auditor's report were unqualified with no adverse observations. Six resolutions were passed, including adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 2.50 per share (50% on face value of Rs. 5), increase in borrowing limits, creation/modification of charges on company assets, and appointment of the Secretarial Auditor. The Executive Director also briefed members on the performance of the company's subsidiaries — Heritage Nutrivet Limited (wholly owned) and Heritage Novandie Foods Private Limited.
The final dividend of Rs. 2.50 per share is positive for shareholders and signals steady profitability. The increase in borrowing limits and charge creation suggest the company is preparing for potential expansion or higher debt-funded growth, which investors should monitor for future capex or acquisition plans.