Heritage Foods Limited — Board Meeting, 16-05-2025: Outcome of Board Meeting

Heritage Foods has announced a board meeting approving the consolidated financial results for the quarter and year with a PAT of ₹18.7 Cr for FY25, up from ₹10.5 Cr last year. The board proposed a final dividend of ₹2.50 per share. It approved acquiring 71 lakh equity shares from Novandie, France, for ₹8.5 Cr, raising its stake in Heritage Novandie Foods Pvt Ltd to 94.4%, making it a subsidiary. M/s. Ravi & Subramanyam were appointed as secretarial auditors for five years. The company plans to increase its borrowing limit from ₹500 Cr to ₹800 Cr.