Heritage Foods Limited has received credit ratings from CRISIL Ratings Limited for its comprehensive banking facilities, demonstrating the company's strong financial position and creditworthiness. The rating assessment, dated March 31, 2026, covers the company's entire portfolio of banking relationships and credit facilities.

Credit Rating Details

CRISIL Ratings has assigned favorable ratings to Heritage Foods' banking facilities, reflecting the company's robust financial profile:

The AA-/Stable rating indicates high safety regarding timely servicing of financial obligations, while the A1+ short-term rating represents the highest degree of safety for short-term debt instruments.

Banking Facility Distribution

The rated facilities are strategically distributed across multiple leading banks, ensuring diversified funding sources:

Long-Term Facilities (CRISIL AA-/Stable)

• HDFC Bank Limited: Rs 169.00 crore (Cash Credit: Rs 35.00 crore, Long Term Loans: Rs 134.00 crore)
• ICICI Bank Limited: Rs 212.00 crore (Cash Credit: Rs 50.00 crore, Long Term Loans: Rs 162.00 crore)
• Kotak Mahindra Bank Limited: Rs 141.00 crore (Cash Credit: Rs 10.00 crore, Long Term Loans: Rs 131.00 crore)
• Bank of Baroda: Rs 119.00 crore (Cash Credit: Rs 50.00 crore, Long Term Loans: Rs 69.00 crore)

Short-Term Facilities (CRISIL A1+)

• Bank of Baroda: Rs 5.00 crore (Letter of Credit & Bank Guarantee)
• HDFC Bank Limited: Rs 3.90 crore (Letter of Credit & Bank Guarantee)
• Kotak Mahindra Bank Limited: Rs 3.60 crore (Bank Guarantee)

Regulatory Compliance and Disclosure

Heritage Foods has fulfilled its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly disclosing the credit rating information to both BSE Limited and National Stock Exchange of India Limited. The company has also updated its website with the rating information to ensure transparency for stakeholders.

Rating Surveillance and Validity

CRISIL Ratings maintains continuous surveillance of all assigned ratings, with the current rating certificate remaining valid until March 31, 2027. The rating agency reserves the right to revise or withdraw ratings based on new information or changing circumstances that may impact the company's credit profile. Stakeholders can verify the latest rating status through CRISIL's official website at www.crisilratings.com .

Heritage foods has announced the cessation of Mr. Rajesh Thakur Ahuja as Non-Executive Independent Director effective March 22, 2026, following the completion of his second and final term. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Cessation Details

Mr. Rajesh Thakur Ahuja (DIN: 00371406) ceased to hold his position with effect from the close of business hours on March 22, 2026. The cessation occurred upon the natural completion of his tenure as an Independent Director, marking the end of his second and final term with the company.

Committee Responsibilities

Consequent to his cessation as Director, Mr. Ahuja also stepped down from his roles as Chairperson and Member of various Board committees. His committee positions included:

Regulatory Compliance

The company filed the mandatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirmed that the cessation was due to tenure completion and that Mr. Ahuja has not been debarred from holding the position of Director by SEBI or any other authority.

Corporate Information

Heritage Foods Limited, incorporated under CIN L15209TG1992PLC014332, is an ISO 22000 certified company with its registered office located in Jubilee Hills, Hyderabad. The company is listed on both BSE (Scrip Code: 519552) and NSE (Scrip Code: HERITGFOOD). The disclosure was signed by Company Secretary & Compliance Officer Umakanta Barik (M. No: FCS-6317) on March 22, 2026.