Heritage Foods Limited, a prominent player in the Indian food industry, has announced a significant addition to its leadership team. The company has appointed Mr. Amit Vijay Shetty as its new Chief Human Resources Officer (CHRO), effective October 1, 2025. This strategic move aims to strengthen Heritage Foods' human resources function and align it with the company's overall business objectives.

Role and Responsibilities

As the CHRO, Mr. Shetty will spearhead Heritage Foods' human resources department, taking on a wide array of responsibilities crucial for the company's growth and employee development. His key focus areas will include:

• Strategic talent management
• Leadership development
• Organizational culture enhancement
• Employee engagement initiatives
• Performance management systems
• Diversity and inclusion programs

Professional Background

Mr. Shetty brings a wealth of experience to his new role at Heritage Foods:

• Over 16 years of diverse HR experience across multiple sectors, including FMCG, manufacturing, chemical, and cement industries
• Strong academic credentials:
  • Masters in Management Studies (MMS) with a specialization in Human Resources Management
  • Bachelor of Engineering (B.E.) in Instrumentation
  • Both degrees from Mumbai University
• Expertise in leadership development, talent management, learning & development, and HR business partnering

Notable Achievements

Throughout his career, Mr. Shetty has demonstrated a track record of impactful HR initiatives:

• Led leadership programs and capability-building workshops
• Spearheaded workforce development initiatives
• Implemented projects to enhance managerial competencies and improve shop-floor efficiency
• Championed initiatives to increase women's representation in factories
• Introduced innovative engagement platforms for workforce efficiency
• Managed graduate trainee recruitment in global markets

Alignment with Business Objectives

Heritage Foods' decision to bring Mr. Shetty on board underscores the company's commitment to aligning its human capital strategies with its business goals. His appointment is expected to drive HR excellence and contribute to the organization's growth and transformation.

The company has confirmed that Mr. Amit Vijay Shetty is not related to any director of Heritage Foods Limited, ensuring compliance with corporate governance norms.

As Heritage Foods continues to evolve in the competitive food industry landscape, the addition of Mr. Shetty to its leadership team signals the company's focus on nurturing talent and creating a robust organizational culture to support its business ambitions.

Heritage Foods Limited, a prominent player in the Indian food industry, has achieved a significant milestone in corporate governance. The company has been declared the winner of the prestigious Golden Peacock Award for Excellence in Corporate Governance by the Institute of Directors (IOD).

Award Recognition

The Golden Peacock Award, widely recognized as a benchmark for corporate excellence, underscores Heritage Foods' commitment to maintaining high standards of transparency, accountability, and ethical practices across its operations. This accolade places Heritage Foods among the elite companies that have demonstrated exceptional corporate governance practices.

Award Ceremony Details

The award will be presented to Heritage Foods Limited at a specially organized 'Golden Peacock Awards Presentation Ceremony & Banquet' scheduled for Tuesday, November 4, in London, United Kingdom. This ceremony is part of IOD India's Annual London Global Convention on Corporate Governance & Sustainability, a global platform that brings together thought leaders and practitioners in the field of corporate governance.

Company's Response

In an official communication to the stock exchanges, Umakanta Barik, Company Secretary & Compliance Officer of Heritage Foods Limited, expressed the company's delight at receiving this recognition. The statement highlighted that this award is a testament to the collective efforts of everyone in the organization in upholding the company's values and strengthening stakeholder trust.

Implications for Investors

This recognition comes at a time when corporate governance is increasingly under scrutiny by investors and regulators alike. For Heritage Foods, this award could potentially enhance its reputation among investors and customers, possibly leading to increased trust and credibility in the market.

Trading Window Closure

In a separate but related development, Heritage Foods has also announced the closure of its trading window for designated persons and their immediate relatives. The trading window will remain closed from October 1 until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ending September 30. This move is in compliance with SEBI regulations and the company's code of conduct, further emphasizing Heritage Foods' commitment to transparent and ethical business practices.

The Golden Peacock Award for Excellence in Corporate Governance adds another feather to Heritage Foods' cap, reinforcing its position as a company that prioritizes good governance alongside its business operations. As the company prepares to receive this honor on the global stage in London, it continues to set benchmarks in corporate governance within the Indian food industry.