42. Related party disclosures (a) Names of the related parties and nature of relationship Names of related parties Nature of relationship Heritage Nutrivet Limited (“HNL”) Subsidiary Company Heritage Novandie Foods Private Limited (“HNFPL”) Joint Venture SKIL Raigam Power (India) Limited Associate Heritage Employees Welfare Trust Controlled Trust Heritage Finlease Limited Enterprise over which Vice-Chairperson & Managing Director, Executive Director and President of the Company exercise significant influence Nirvana Holdings Private Limited Enterprise over which Vice-Chairperson & Managing Director and Executive Director of the Company exercise significant influence NTR Memorial Trust N Devaansh Relative of Executive Director and Vice-Chairpeson & Managing Director Basavatarakam Indo-American Cancer Hospital Executive Director of the Company is one of the Trustee N Bhuvaneswari (Vice Chairperson and Managing Director) Key Managerial Personnel (KMP) N Brahmani (Executive Director) M Sambasiva Rao (President) Srideep Madhavan Nair Kesavan (Chief Executive Off icer) (eff ective from 28 July 2021) A Prabhakara Naidu (Chief Financial Off icer) Umakanta Barik (Company Secretary & Compliance Off icer) Srivishnu Raju Nandyala Non-Executive Independent Directors Rajesh Thakur Ahuja Aparna Surabhi Muthu Raju Paravasa Raju Vijay Kumar (eff ective from 1 November 2021) Dr. Nagaraja Naidu Vadlamudi Non-Executive Director (b) Transactions with related parties For the year ended 31 March 2023 31 March 2022 Heritage Nutrivet Limited Investment made (including fi nancial guarantee) 1.00 1.00 Sale of products 5.52 4.81 Financial guarantee income 2.05 2.05 Purchases 743.79 557.73 Lease rental income 0.41 0.54 Purchase of Property, plant and equipment 0.45 3.35 Expenditure incurred on behalf of HNL 1.16 0.75 Brand income 1.11 0.94 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Heritage Foods Limited | 31st Annual report 2022-23 234
RkJQdWJsaXNoZXIy NTE5NzY=