Heritage Foods Limited

Heritage Foods Limited 78 Annexure-2 (A & B) PARTICULARS OF EMPLOYEE (As per Sub-section (12) of section 197 of the Act and rules made thereof as amended from time to time) A. Information as per Rule 5(1) of Chap ter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 i. Remuneration paid to whole-time directors Name of the director Title Remuneration in FY 2020-21 ( ` in Million)* Remuneration in FY 2019-20 ( ` in Million)* % increase/ (Decrease) of remuneration in FY 2020 -21 as compared to FY 2019-20 Ratio of remuneration to MRE Mrs. N. Bhuvaneswari Vice Chairman & Managing Director 110.80 39.93 177.49 583.16 Mrs. N Brahmani Executive Director 88.64 31.95 177.43 466.53 MRE: Median Remuneration of Employees * Remuneration including salary, Perks & Performance/Annual Pay Note: Mrs. N Bhuvaneswari, Director and Mrs. N Brahmani, Managing Director of the wholly owned subsidiary Company viz. M/s. Heritage Nutrivet Ltd., except the sitting fee of ` 0.07million & ` 0.05 million respectively for attending the Board meeting of the wholly owned subsidiary Company they have not received any other remuneration for the FY 2020-21. The Whole-Time Directors of the Company are being paid monthly remuneration and Annual/Performance Pay as per the terms of appointment approved by the members at their meeting held on March 12, 2019 by way of postal Ballot. ii. Sitting Fee paid to Non-Executive Directors Name of the director Sitting Fee in FY 2020-21 ( ` in Million) Sitting Fee in FY 2019-20 ( ` in Million) % increase /(decrease) of Sitting Fee in FY 2020-21 as compared to FY 2019-20 Mr. D. Seetharamaiah* 0.26 0.54 (52.78) Mr. N Sri Vishnu Raju 0.68 0.47 43.62 Mr. Rajesh Thakur Ahuja 0.59 0.42 39.29 Mrs. Aparna Surabhi 0.60 0.35 71.43 Dr V Nagaraja Naidu 0.51 0.42 21.43 * Mr. D. Seetharamaiah resigned from the Directorship of the Company on 01. 07 2020. The above Directors are not paid any commission except the sitting fees for attending the Board and Committee meetings, hence ratio of remuneration to median remuneration not stated. iii. Remuneration of other Key Managerial Personnel (KMP) Name of theKMP Title Remuneration in FY 2020-21 ( ` in Million) Remuneration in FY 2019-20 ( ` in Million) % increase / (decrease) of remuneration in FY 2020-21 as compared to FY 2019-20 Ratio of Remuneration to MRE Dr. M Sambasiva Rao President 34.96 21.92 59.48% 182.08 Mr. A. Prabhakara Naidu CFO 6.24 5.66 10.16% 32.47 Mr. Umakanta Barik CS & CO 3.10 2.81 10.06% 16.12 * Remuneration including Salary, Variable Pay, Perks & Performance Incentive • The annual Median Remuneration of Employees (MRE) was ` 0.19 million and ` 0.17 million in fi nancial year 2020-21 and fi nancial year 2019-20 respectively. There is an increase of 10.34% in MRE in fi nancial year 2020-21, as compared to fi nancial year 2019-20. • The number of permanent employees on the rolls of the Company as of March 31, 2021 was 3014 • The revenue was de-grown by 10.22% during fi nancial year 2020-21as compare to the previous fi nancial year.