Heritage Foods Limited has announced the appointment of 14 chartered accountant firms as internal auditors for the financial year 2026-27, following approval by the Board of Directors during their meeting held on March 17, 2026. The appointments were made based on recommendations from the company's Audit Committee and will be effective from April 01, 2026.

Board Meeting Details

The Board of Directors meeting commenced at 02:30 PM IST and concluded at 3:30 PM IST on March 17, 2026. The primary agenda was to consider and approve the appointment and renewal of internal auditors for the upcoming financial year.

Internal Auditor Appointments

The company has strategically appointed multiple chartered accountant firms to conduct internal audits across different geographical locations:

Firm Profiles and Expertise

The appointed firms bring diverse expertise and experience to Heritage Foods' internal audit function. Notable among these is M/s. Brahmayya & Co, which has over 90 years of experience in providing assurance, internal and statutory audit, risk advisory, tax consultancy, due diligence, and mergers & acquisitions advisory services. The firm serves clients across manufacturing, banking, finance, infrastructure, IT/ITES, FMCG, healthcare, and technology sectors.

M/s. Raju & Prasad brings more than 40 years of experience in audit, assurance, taxation, financial consultancy, management consultancy, and virtual CFO services. Other firms offer specialized services including bank audits, corporate governance, forensic audits, and information system audits.

Regulatory Compliance

The appointments comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Heritage Foods has provided detailed disclosures for each appointment, including firm profiles, appointment terms, and coverage areas. The company has confirmed that there are no relationships between the appointed firms and the company's directors.

Geographic Coverage Strategy

The strategic distribution of internal auditors across multiple locations demonstrates Heritage Foods' commitment to comprehensive oversight of its operations. The appointments cover key operational areas including:

• South India: Chennai, Bengaluru, Hyderabad, Visakhapatnam, Guntur, Nellore, Tirupati
• West India: Mumbai, Kolhapur
• North India: New Delhi
• East India: Odisha

This geographic diversification ensures localized expertise and efficient audit coverage across Heritage Foods' operational footprint for the financial year 2026-27.

Heritage Foods Limited has officially inaugurated its new greenfield ice cream manufacturing facility in Shamirpet, near Hyderabad, Telangana. The state-of-the-art facility represents a strategic investment to strengthen the company's position in the fast-growing ice cream segment and enhance its value-added dairy portfolio.

Production Capacity and Infrastructure

The new facility is equipped with modern automated production systems and advanced quality control infrastructure to ensure consistent product quality and operational efficiency. The plant features modern production lines, automated filling and packaging systems, and stringent quality assurance processes.

Business Impact and Growth Potential

Heritage Foods' ice cream business currently generates annual revenues of approximately ₹100 crore. The commissioning of the Shamirpet facility significantly enhances the company's ability to scale operations up to five times the current level over the next seven to eight years in the ice cream category.

Strategic Advantages

The facility reinforces Heritage's focus on high-margin value-added dairy products, particularly ice cream and desserts, which are witnessing strong consumer demand across urban and semi-urban markets. The new plant will support the company's expanding distribution network across South and Western India, enabling faster supply and improved serviceability.

Management Perspective

Commenting on the inauguration, Mrs. N Bhuvaneswari, Vice-Chairperson & Managing Director from Heritage Foods Limited said: "The commissioning of our Shamirpet ice cream manufacturing facility marks an important milestone in Heritage Foods' growth journey. As consumer demand for high-quality ice creams continues to expand, this facility will enable us to scale our operations, introduce innovative products, and strengthen our presence in key markets while maintaining the quality and trust associated with the Heritage brand."

The development positions Heritage Foods to capitalize on India's ice cream market growth, driven by rising disposable incomes, premiumisation trends, and increasing consumption of packaged dairy products.