Heritage Foods Limited — Others, 01-04-2025: Shareholders meeting

Heritage Foods has announced a board meeting to seek shareholder approval via postal ballot for the appointment of Dr. Muddana Sambasiva Rao as a Director and Whole-time Director for five years starting April 1, 2025. The proposed remuneration for Dr. Rao includes a monthly salary of ₹16 lakh (16 Cr), benefits, and allowances, with additional performance pay capped at 1% of net profits. This strategic move reflects the company's commitment to strong governance and operational effectiveness, while Dr. Rao's extensive experience is expected to enhance shareholder value. This development may foster a positive outlook among investors by signaling stability in management.