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.

Heritage Foods Limited (HFL) has issued a clarification regarding its recent press release about acquiring a majority stake in Peanut Butter and Jelly Private Limited. The company aims to rectify potential misinterpretations of its regulatory disclosure and provide accurate information to investors and stakeholders.

Key Points of Clarification

• Original Statement: The initial press release dated October 27, 2025, stated that "Heritage Foods has acquired a controlling 51% shareholding in the Company."

• Corrected Statement: The company clarifies that "Heritage Foods Board approved the proposal to acquire 51% shareholding in M/s. Peanutbutter and Jelly Private Limited through secondary buyouts from existing investors."

• Transaction Status: The acquisition is subject to the closing of the share purchase agreement and necessary corporate approvals.

Implications and Next Steps

This clarification highlights that the acquisition is still in the approval stage and has not been completed as initially implied. The company's board has given the green light to proceed with the proposed acquisition, but several steps remain before the transaction is finalized.

Heritage Foods expressed regret for any inconvenience caused by the initial statement and emphasized that the clarification was issued to ensure transparency and avoid any misinterpretation of their disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Corporate Updates

In addition to this clarification, Heritage Foods has also announced its participation in upcoming investor conferences:

The company has stated that no unpublished price-sensitive information will be shared during these meetings, maintaining compliance with regulatory requirements.

Investors and market participants are advised to consider this clarification when evaluating Heritage Foods' recent announcements and future prospects. The company's commitment to transparency through this clarification and its participation in upcoming investor conferences demonstrates its ongoing engagement with the investment community.