Heritage Foods Limited Confirms Non-Applicability of Large Corporate Criteria in SEBI Disclosure
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































