Heritage Foods Limited held a board meeting on March 11, 2025, where they announced the appointment of Dr. Muddana Sambasiva Rao as an additional director, effective from April 1, 2025. This appointment is in line with the recommendation of the Nomination and Remuneration Committee. Further, the company recommended to its shareholders the regularization of Dr. Rao’s appointment as a whole-time director for five consecutive years, starting from April 1, 2025, to March 31, 2030. A postal ballot notice will be circulated to the members for approval of this regularization, as per the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

Additionally, the board approved the appointment of several Chartered Accountant firms to perform the internal audit for the financial year 2025-26, starting from April 1, 2025. The following firms have been appointed to audit various locations:

1. M/s. Gattamaneni & Co., Hyderabad
2. M/s. Punnaiah & Co., Guntur
3. M/s. Satyanarayana & Sushil, Vishakhapatnam
4. M/s. Rama Subba Rao & Co., Rajamahendravaram
5. M/s. Ajit M. Joshi & Associates, Kolhapur
6. M/s. G M J & Co., Mumbai
7. M/s. S C J Y & Associates, Hyderabad
8. M/s. Murali & Venkat, Bengaluru
9. M/s. NRT & Associates, Chennai
10. M/s. P. Praveen Associates, Nellore
11. M/s. Gupta Dua & Co., New Delhi
12. M/s. S S A L & Associates, Salem
13. M/s. Raju & Prasad, Hyderabad

These appointments are effective as of April 1, 2025, and will cover various geographical locations where the company operates, including Hyderabad, Guntur, Vishakhapatnam, and more.

The board meeting commenced at 2:00 PM IST and concluded by 5:30 PM IST. The company also assured that all directors are in compliance with SEBI regulations, confirming that Dr. Muddana Sambasiva Rao is not debarred from holding office.

This announcement is part of Heritage Foods' ongoing efforts to ensure effective governance and auditing practices, reinforcing the company's commitment to regulatory compliance and operational excellence.

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