Heritage Foods Limited Confirms Non-Applicability of Large Corporate Criteria in SEBI Disclosure

1 min read     Updated on 14 Apr 2026, 01:30 PM
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AI Summary

Heritage Foods Limited has submitted a regulatory disclosure confirming it does not qualify as a Large Corporate under SEBI's framework as of March 31, 2026. The company reported outstanding long-term borrowings of Rs.274.52 crores with credit ratings of AA-/Stable for long-term and A1+ for short-term borrowings from CRISIL. The disclosure ensures compliance with SEBI circulars while confirming non-applicability of enhanced disclosure requirements for Large Corporates.

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Heritage Foods Limited has filed a regulatory disclosure with BSE and NSE confirming that it does not meet the criteria to be classified as a Large Corporate under SEBI's regulatory framework as of March 31, 2026.

Regulatory Compliance Disclosure

The disclosure was submitted on April 14, 2026, pursuant to SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, read with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. These circulars pertain to fund raising by issuance of debt securities by Large Corporates and establish specific disclosure requirements for entities meeting certain criteria.

Financial Position and Credit Ratings

The company's financial disclosure reveals key metrics that determine its classification status:

Parameter: Details
Outstanding Long-term Borrowings: Rs.274.52 crores (as of March 31, 2026)
Long-term Credit Rating: AA-/Stable
Short-term Credit Rating: A1+
Rating Agency: CRISIL Ratings Limited

The company noted that the borrowing figures are provisional and subject to audit.

SEBI Large Corporate Framework

Under SEBI's framework, entities meeting specific criteria related to borrowing levels and credit ratings are classified as Large Corporates and subject to enhanced disclosure requirements. Heritage Foods Limited's confirmation indicates that despite maintaining strong credit ratings, the company's financial parameters do not trigger the Large Corporate classification thresholds.

Official Confirmation

The disclosure was signed by Umakanta Barik, Company Secretary & Compliance Officer, and A Prabhakara Naidu, Chief Financial Officer. The company explicitly stated that the stock exchange fine provisions for shortfall in required borrowing under the Large Corporate framework are "Not Applicable" since it does not fall under the prescribed criteria.

Corporate Details

Heritage Foods Limited operates as an ISO 22000 certified company with its registered office in Jubilee Hills, Hyderabad, Telangana. The company carries CIN L15209TG1992PLC014332 and continues to maintain its compliance obligations with both BSE (Scrip Code: 519552) and NSE (Scrip Code: HERITGFOOD).

Historical Stock Returns for Heritage Foods

1 Day5 Days1 Month6 Months1 Year5 Years
-0.41%+8.69%+16.01%-26.85%-14.67%+124.62%

Will Heritage Foods consider increasing its debt levels to access the enhanced funding opportunities available to Large Corporates?

How might Heritage Foods' strong credit ratings (AA-/A1+) impact its future borrowing costs compared to Large Corporate entities?

What strategic expansion plans could Heritage Foods pursue that might eventually push it into the Large Corporate classification?

Heritage Foods Launches Second 100-Day Campaign 'Saksham Niveshak' for KYC Updates

2 min read     Updated on 10 Apr 2026, 02:04 PM
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AI Summary

Heritage Foods Limited has officially launched the 'Saksham Niveshak' campaign under IEPFA directive, running from April 01-July 09, 2026. The initiative helps shareholders update KYC details, claim unpaid dividends directly, and prevent mandatory transfers to IEPF after seven years. Shareholders can contact the company or RTA KFin Technologies for assistance with form submissions and dividend claims.

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Heritage Foods Limited has officially launched the Second 100-Day Campaign titled "Saksham Niveshak" under the directive of the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs. The campaign, running from April 01, 2026 to July 09, 2026, aims to facilitate shareholders in updating their KYC details and claiming unpaid dividends to prevent mandatory transfers to the IEPF.

Campaign Overview and Regulatory Compliance

The company has fulfilled its regulatory obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing mandatory newspaper advertisements on April 10, 2026. The notifications were published in Financial Express (all editions) and Andhra Prabha (Hyderabad edition) to create awareness among shareholders.

Campaign Details: Information
Campaign Name: Saksham Niveshak
Duration: April 01, 2026 to July 09, 2026
Initiating Authority: IEPFA, Ministry of Corporate Affairs
Publication Date: April 10, 2026
Stock Exchanges: BSE (519552), NSE (HERITGFOOD)

Primary Campaign Objectives

The special outreach initiative focuses on three core objectives to safeguard shareholder investments:

  • KYC Updates: Enable shareholders to update bank account mandates, nomination registration, PAN details, and contact information including email addresses, mobile numbers, and postal addresses
  • Prevention of IEPF Transfers: Engage with shareholders to prevent mandatory transfer of unpaid/unclaimed dividends and corresponding shares to the Investor Education and Protection Fund
  • Direct Settlement: Facilitate direct settlement of unpaid/unclaimed dividends through the company, avoiding lengthy IEPF recovery processes

Shareholder Benefits and Action Required

Shareholders can benefit significantly from participating in this campaign. Updated KYC details ensure timely credit of future dividends directly to bank accounts, while claiming unpaid dividends prevents their transfer to IEPF along with underlying shares after seven consecutive years.

Shareholder Benefits: Details
Avoid IEPF Transfer: Prevents transfer of unclaimed dividends and shares
Direct Claims: Claim dividends directly from company
Seamless Credits: Ensure timely future dividend payments
Electronic Mode: All dividend payments through electronic transfer

Contact Information and Form Submission

Shareholders holding shares in physical form must submit prescribed forms (ISR-1, ISR-2, ISR-3, and SH-13) along with supporting documents. These forms are available on the company's website and the Registrar and Transfer Agent's portal.

Contact Details: Information
Company Email: hfl@heritagefoods.in
Company Phone: +91-40-23391221/2
RTA: KFin Technologies Limited
RTA Address: Selenium Tower-B, Financial District, Nanakramguda
RTA Phone: +91-40-67162222
RTA Email: einward.ris@kfintech.com
Toll-free: 18003094001

Shareholders holding shares in electronic form should update their details with respective Depository Participants. Company Secretary Umakanta Barik has emphasized the importance of prompt action during the campaign period to safeguard investments and ensure regulatory compliance.

Historical Stock Returns for Heritage Foods

1 Day5 Days1 Month6 Months1 Year5 Years
-0.41%+8.69%+16.01%-26.85%-14.67%+124.62%

What percentage of Heritage Foods' shareholders typically fail to update KYC details during such campaigns, and how might this impact the company's shareholder base?

Could Heritage Foods face any regulatory penalties or compliance issues if shareholders don't respond adequately to this IEPF campaign?

How might the transfer of unclaimed dividends and shares to IEPF affect Heritage Foods' future dividend distribution costs and administrative burden?

More News on Heritage Foods

1 Year Returns:-14.67%