Heritage Foods has provided an updated timeline for its acquisition of a 51% stake in Peanut Butter And Jelly Pvt Ltd, confirming that the transaction is currently under process and expected to complete within 30 days from December 10, 2025. The company filed this update with stock exchanges as part of its regulatory disclosure obligations.

Transaction Status Update

In its latest communication to BSE and NSE dated December 10, 2025, Heritage Foods confirmed that the transfer of equity shares and related agreements is currently under process. The company referenced its earlier communication from October 27, 2025, regarding the proposed acquisition.

Regulatory Compliance

The update was filed under Regulation 30 of SEBI Listing Regulations, demonstrating the company's commitment to maintaining transparency with stakeholders. Heritage Foods has indicated it will continue monitoring the progress and provide further updates on the transaction status as appropriate.

Strategic Expansion

This acquisition represents Heritage Foods' strategic move to diversify its product portfolio beyond its core dairy business operations. The 51% controlling stake in Peanut Butter And Jelly Pvt Ltd will enable the company to enter the processed food segment, particularly in peanut butter and related products.

With majority control, Heritage Foods will be positioned to influence strategic direction and operations of the acquired entity, supporting its broader expansion strategy in the food and beverage sector.

Heritage Foods Limited, a prominent player in the Indian food industry, has recently added two prestigious accolades to its corporate trophy cabinet. The company has been honored with the Golden Peacock Award for Excellence in Corporate Governance, while its Vice-Chairperson & Managing Director, Smt. Bhuvaneswari Nara, received the distinguished IOD Fellowship.

Award Ceremony Details

The awards were presented at the Institute of Directors (IOD) Annual London Global Convention on Corporate Governance & Sustainability, held on November 4 in London. The event served as a platform to recognize organizations and individuals who have demonstrated exceptional commitment to corporate governance and sustainability practices.

Recognition Highlights

Corporate Representation

Heritage Foods was represented at the London event by:

• Smt. Bhuvaneswari Nara, Vice-Chairperson & Managing Director
• Sri. Umakanta Barik, Company Secretary & Compliance Officer

Significance of the Awards

The Golden Peacock Award for Excellence in Corporate Governance is a globally recognized accolade that acknowledges organizations for their outstanding practices in corporate governance. This award signifies Heritage Foods' commitment to maintaining high standards of transparency, accountability, and ethical business practices.

The conferment of the IOD's Distinguished Fellowship on Smt. Bhuvaneswari Nara is a testament to her leadership, business acumen, and dedication to advancing corporate governance and sustainability practices. This individual recognition underscores the company's leadership in fostering a culture of excellence and responsible business conduct.

Regulatory Compliance

In adherence to regulatory requirements, Heritage Foods Limited has informed the stock exchanges about these achievements. The company has filed the necessary intimations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely dissemination of information to its stakeholders.

These accolades enhance Heritage Foods' corporate profile and reinforce its position as a company committed to best practices in governance and sustainability. As the food industry continues to evolve, such recognitions may serve to bolster stakeholder confidence and potentially contribute to the company's long-term success and reputation in the market.