HERITGFOOD : BOARD APPROVES MERGER OF WHOLLY-OWNED SUBSIDIARY HERITAGE NOVANDIE

• Board approved scheme of amalgamation of Heritage Novandie Foods (wholly-owned subsidiary) into Heritage Foods under Sections 230-232 • No cash consideration; entire share capital held by parent and nominees to stand cancelled, no new shares issued • No change in shareholding pattern of Heritage Foods post the scheme • Transferor makes flavoured yogurt under the Livo brand; FY26 turnover ₹4.05 Cr, net worth ₹17.62 Cr • Heritage Foods FY26 turnover ₹4,415.07 Cr, net worth ₹1,063.80 Cr • Rationale: simplify group structure, cut duplicative statutory and administrative compliance, integrate business and cash flows • Scheme subject to NCLT and shareholder approvals Impact: Neutral (Simplifies structure of a small wholly-owned subsidiary with no cash outgo or dilution, so limited near-term earnings impact)

Heritage Foods Ltd

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