Heritage Foods Limited

STATUTORY REPORTS Board’s Report 29 th Annual Report 2020-21 | 73 of reporting and monitoring has been put in place to ensure e ff ective implementation of planned CSR initiatives The identi fi ed CSR activities/ projects as per the provisions of the Companies Act, 2013 and rules made thereof, will be undertaken directly by the Company or through a registered trust or a registered society. During the Financial Year 2020-21 the CSR Committee of the Board evaluated various options to implement the CSR activities and decided to contribute the mandated CSR amount to the NTR Memorial Trust, Hyderabad, to carry out the activities such as promoting education, enhancing the vocational skill & supply of clean drinking water, disaster management, relief and rehabilitation etc., as part of the CSR activities of the Company. As the NTR Memorial Trust is operating since 1997 towards the promoting and preventive of health care of the needy groups, meeting the educational needs of underprivileged students, advancing the concept of entrepreneurship and self-employment and o ff ering support and relief during disasters and lot more other initiatives for the up-liftment of the backward and needy population in the society. These projects are in accordance with Schedule VII of the Companies Act, 2013 and the Company’s CSR Policy. The Report as required under Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014 on CSR activities is set out as Annexure-4 forming part of the Board’s Report and the Policy has been uploaded on the Company’s website at www.heritagefoods.in. Business Responsibility Report (BRR) Pursuant to regulation 34(2)(f) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, top 1000 listed entities based on their market capitalisation as on 31 st March every year, are required to submit their Business Responsibility Report (BRR) as a part of their Annual Report. The Annual Report shall contain a Business Responsibility Report (BRR) describing the initiatives taken by the Company from an environmental, social and governance perspective. BRR has been designed as a tool to help companies understand the principles and core elements of responsible business practices and start implementing which re fl ect their adoption in the manner the company undertakes its business. In compliance with the regulation, the BRR is annexed in Annexure-5 to the board report. Energy Conservation, Technology Absorption & Foreign Exchange Earnings & Outgo Theparticulars asprescribedunder Sub-section (3)(m) of Section 134 of the Companies Act 2013, read with the Companies (Accounts) Rules, 2014 are provided in the Annexure-6 to the Board Report. Transfer of Un-Claimed Dividends and Shares Pursuant to Section 124(5) of the Companies Act, 2013 [Section 205C(2) of the Companies Act, 1956] read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended from time to time the unclaimed/unpaid dividend amount of 1,115,461/- (Eleven Lakhs Fifteen Thousand Four Hundred Sixty One Only) for the year 2012-13 was transferred to the Investor Education and Protection Fund during the fi nancial year 2020-21. In compliance with the provisions of Section 124 of the Companies Act, 2013, the Company has transferred 63,880 no of equity shares belongs to 61 members of the company to Investor Education and Protection fund Authority (IEPF) on October 16, 2020 of those members who have not claimed the dividends for a continuous period of 7 years. Pursuant to Section 124(5) of the Companies Act, 2013 [Section 205C (2) of the Companies Act, 1956] read with the Investor Education and Protection Fund (awareness and protection of Investors) Rules, 2001 as amended from time to time the unclaimed/unpaid dividend and the shares thereof pertaining for the fi nancial year 2013-14 shall be transferred to the Investor Education and Protection Fund during the fi nancial year 2021-22. The information in respect of unclaimed/unpaid dividend & shares thereto and the last date for claiming the dividend are given below: Financial year ended Date of Declaration of Dividend Last date for claiming unpaid Dividend Unclaimed/Unpaid Dividend as on March 31, 2021 Amount outstanding ( ` in Rupees) No of Shares 2013-14 26-09-2014 29-10-2021 23,25,168 775056 2014-15 24-09-2015 28-10-2022 22,59,102 753034 2015-16 19-08-2016 22-09-2023 17,67,753 589251 2016-17 23-08-2017 25-09-2024 30,21,884 755471 2017-18 30-08-2018 02-10-2025 15,58,172 779086 2018-19 30-08-2019 02-10-2026 14,97,988 748994 2019-20 28-08-2020 01-10-2027 17,43,684 697474 The voting rights on the shares outstanding shall remain frozen till the rightful owner of such shares claims the shares. The company sends reminders to the members concerned to claim the unclaimed and unpaid dividends & shares thereto before they are transferred to the IEPF Authority as per the applicable provisions. The members whose shares got transferred to IEPF Authority shall claim the dividends and shares from IEPF Authority by