Heritage Foods Limited has announced that its Vice Chairperson & Managing Director, Mrs. N. Bhuvaneswari, has been honoured with the prestigious "Outstanding Dairy Professional Award 2025 (Andhra Pradesh)". The recognition highlights her exceptional leadership and significant contributions to the dairy industry.

Award Recognition Details

The award was presented at the Indian Dairy Association – Southern Dairy & Food Conclave 2026, held at Kozhikode, Kerala. This recognition acknowledges Mrs. Bhuvaneswari's outstanding leadership and her substantial impact on the dairy sector development.

Industry Recognition

Mr. Srideep Kesavan, Chief Executive Officer of Heritage Foods Limited, received the award on behalf of Mrs. Bhuvaneswari at the conclave. The Indian Dairy Association's recognition underscores the company's leadership position in the dairy industry and its commitment to excellence in dairy operations.

Corporate Communication

The company has formally communicated this achievement to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory disclosure requirements under Regulation 30. Heritage Foods Limited, which trades under the scrip codes 519552 on BSE and HERITGFOOD on NSE, has requested the exchanges to display this information on their respective websites.

This recognition adds to Heritage Foods Limited's reputation as a leading player in the Indian dairy sector, with Mrs. Bhuvaneswari's leadership being acknowledged at the industry level through this prestigious award.

Heritage Foods Limited has successfully completed its acquisition of 51% equity share capital of Peanutbutter and Jelly Private Limited (PBJ), marking a significant corporate milestone. The company informed BSE Limited and National Stock Exchange of India Limited about the completion of this strategic acquisition on January 09, 2026.

Acquisition Timeline and Completion

The acquisition process reached its final stage with key developments occurring over two consecutive days:

Transaction Structure and Parties

The acquisition involves Heritage Foods Limited purchasing the majority stake from Sky Gate Hospitality Private Limited. The transaction details include:

• Target Company: Peanutbutter and Jelly Private Limited (CIN: U15400MH2022PTC377342)
• Seller: Sky Gate Hospitality Private Limited (CIN: U15122HR2015PTC056192)
• Stake Acquired: 51% equity share capital
• Buyer: Heritage Foods Limited (CIN: L15209TG1992PLC014332)

Regulatory Compliance and Documentation

Heritage Foods has maintained comprehensive regulatory compliance throughout the acquisition process. The company had previously submitted multiple intimations to stock exchanges regarding this transaction:

• October 27, 2025: Initial acquisition intimation
• December 10, 2025: Progress update
• December 30, 2025: Further developments
• January 05, 2026: Pre-completion notification
• January 09, 2026: Final completion announcement

Corporate Governance Framework

The completion of this acquisition involved execution of a comprehensive Shareholders Agreement between Heritage Foods Limited, Peanutbutter and Jelly Private Limited, and PBJ's founders. This agreement establishes the governance framework for the newly acquired subsidiary and defines the operational relationship between the parties.

The notification was signed by Umakanta Barik, Company Secretary and Compliance Officer of Heritage Foods Limited, ensuring proper corporate authorization and compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.