Minutes of the 33rd Annual General Meeting of the Company held on July 31, 2025
HERITGFOOD · price
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Heritage Foods Limited held its 33rd AGM on July 31, 2025, via video conferencing with 83 members participating. The company reported a net turnover of Rs. 4,080.5 crores in FY25, up from Rs. 3,734.3 crores in FY24, with a profit before tax of Rs. 233.4 crores. A final dividend of Rs. 2.50 per share (50%) on the face value of Rs. 5 was approved, with payment scheduled for August 7, 2025. The company highlighted that 39% of its electricity needs are now met from renewable sources, with 12.14 MW of green energy capacity already commissioned. All six resolutions were passed with strong shareholder support, including approval to raise the borrowing limit to Rs. 800 crores, the reappointment of N. Brahmani as director, and the appointment of M/s. Ravi & Subramanyam as secretarial auditor for five years (FY26 to FY30).
Shareholders will receive a Rs. 2.50 per share dividend on August 7, 2025, reflecting solid FY25 performance with revenue growth of about 9.3%. The sharp increase in the approved borrowing limit to Rs. 800 crores (from a prior lower cap) signals likely expansion, capex, or working capital needs, which may support growth but could also raise leverage concerns.