Heritage Foods Limited announced the successful completion of its Independent Directors Meeting held on March 17, 2026, where key business and governance matters were thoroughly reviewed. The meeting was conducted in compliance with regulatory requirements and focused on providing strategic oversight to the company's operations.

Meeting Agenda and Key Discussions

The independent directors engaged in comprehensive deliberations covering multiple aspects of the company's performance and strategic direction. The meeting agenda encompassed a detailed review of key business developments that have shaped the company's recent trajectory.

The directors conducted an in-depth analysis of the company's operational performance, examining various metrics and indicators that reflect heritage foods 's current market position and operational efficiency.

Governance and Compliance Focus

A significant portion of the meeting was dedicated to governance-related discussions, emphasizing the company's commitment to maintaining high standards of corporate governance. The independent directors reviewed various matters concerning regulatory compliance, ensuring that the company continues to meet all statutory requirements and industry best practices.

The directors provided valuable guidance on the overall functioning of the company, leveraging their expertise and independent perspective to contribute to strategic decision-making processes. This guidance is expected to support the company's continued growth and operational excellence.

Regulatory Communication

The company has formally communicated the meeting outcome to both BSE Limited and National Stock Exchange of India Limited, as required under Regulation 30. The communication was signed by Umakanta Barik, Company Secretary & Compliance Officer, ensuring proper documentation and regulatory compliance.

Company Background

Heritage Foods Limited operates as an ISO 22000 certified company in the food and dairy sector. The company is headquartered in Hyderabad, Telangana, and maintains its commitment to quality standards and regulatory compliance across all operations.

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.