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.

Heritage Foods , a leading Indian dairy company, has announced significant price reductions across its product portfolio, passing on the full benefits of the Government of India's recent GST rationalization to consumers. The price cuts, set to take effect from September 22, 2025, come just in time for the festive season, making dairy products more affordable for families across India.

Price Reductions Across Product Lines

Heritage Foods has implemented the following price cuts:

It's worth noting that there is no price change for fresh milk, as this category was already exempt from GST.

Expanding Accessibility

Brahmani Nara, Executive Director of Heritage Foods, emphasized the significance of this move: "The GST rate rationalization for India's dairy industry is both timely and a welcome move. By easing the tax burden on staples like paneer, ghee, butter, and cheese, the Government has made it possible for us to pass on the entire benefit of GST rate rationalization to our consumers."

The company aims to make its high-quality dairy products more accessible to families across India, including those in Tier 2 and Tier 3 cities. This initiative is expected to stimulate significant incremental demand during the festive season, reinforcing Heritage Foods' market leadership while delighting consumers.

Impact on Festive Celebrations

With dairy products playing a central role in traditional recipes across regions, these price reductions are set to make festive celebrations more enjoyable and accessible. Heritage Foods continues to ensure product availability through both retail and online channels, reaching consumers quickly and efficiently.

Company Background

Heritage Foods, founded in 1992, operates across 17 states in India. The company is known for its farm-to-home approach and works closely with a network of dairy farmers. It employs over 500 quality experts who perform more than 25 daily quality tests to ensure the highest standards of product quality and freshness.

By combining accessibility, affordability, and quality, Heritage Foods' latest move promises to bring added joy, warmth, and inclusivity to festive celebrations across the country while reinforcing its commitment to providing value to consumers and strengthening the role of dairy in Indian traditions.