YEAR EVENTS 1992 - The company was incorporated on June 5th as a Public Limited Company under the Companies Act, 1956 and obtained the certificate of commencement of business on 10th July, 1992. The main object of the Company is to manufacture, process & deal in milk and various milk products. It was promoted by N. Chandrababu Naidu along with his relatives, friends and associates. - The Company undertook to set up an integrated dairy project with an aggregate Capacity of 2,12,500 LPD comprising of a main dairy at Kasipentla village and three chilling centres in Chandragiri Mandal of Chittoor district of A.P. - It was proposed to increase the existing capacity at Chittoor, Piler and Madanapalle to 37,500 LPD each. 1995 - The Company strengthened its position in the existing markets at Chennai & Hyderabad. - 8,05,700 No. of equity shares subscribed by signatories to the Memorandum of Articles of Association, Promoters, resident Indian Directors, their friends, relatives and associates. 99,94,300 No. of equity shares of Rs 10 each were issued in November 1994 are as follows: (i) On Firm Allotment Basis: 15,60,000 shares to Overseas Corporate bodies, NRIs on repatriation basis, (ii) 3,50,000 shares to Mutual Funds. (ii) Preferential Allotment Basis: (a) 9,50,00 shares to Indian Mutual funds (all were taken up), (ii) 9,00,000 shares to Indian financial Institutions (all were taken up), (iii) 13,600 shares to employees (all were taken up). Balance 27,26,400 shares issued to the public. 1996 - The Chilling and Pasterising sections at the Company's main dairy plant Gokul was commissioned during March. - The Company was also selectively setting up own chilling centres and encouraging new enterpreneurs to set up Franchise units to augment milk supply to meet the increasing demand for milk and milk products. 1997 - A new Milk Chilling Centre was commissioned in Tiruvannamalai during 2nd quarter of the year. The Dairy Products viz., Ghee and Skimmed Milk Powder were launched in Consumer Packs in the markets of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh. 2001- The Board of Directors of the company has decided to de-list equity shares of the company from Madras Stock Exchange. 2004 -Birla Mutual Fund acquires more than 5% of the paid up equity share capital of Heritage Foods (I) Ltd. 2007 -Heritage Foods India Ltd has informed that Dr. V Nagarja Naidu vacates the office of "Managing Director" of the Company and continues to be Director on the Board effective from April 01, 2007. 2008 -Heritage Foods - DAIRY PLANT has been awarded National Energy Conservation Awards - 2008 -Company have received the Certificate of Incorporation of the wholly owned subsidiary Company named "Heritage Foods Retail Ltd" 2010 -Heritage Foods (India) Ltd has recommended a dividend of Rs. 1.80/- per share (18%) on equity shares 2011 -Company has received the Certificate of Commencement of the Business of the subsidiary Company named "M/s. Heritage Conpro Limited" -Heritage Foods (India) Ltd has recommended a dividend of Rs. 1.20/- per share (12%) on equity shares 2012 -Heritage Foods (India) Ltd has recommended a dividend of Rs. 2/- per share (20%) on equity shares 2013 -Board Recommended a dividend of Rs. 3/- per share (30%) on equity shares of face value of Rs. 10/- each. -Heritage Foods Ltd has announces bonus in the ratio of 1:1 -The Company has changed its name from Heritage Foods (India) Ltd. to Heritage Foods Ltd. 2014 -Heritage Foods Ltd has won "Heritage Fresh Bags Most Admired Retailer of the Year 2014 (Food & Grocery) Award" for the yaer 2014. -Heritage Foods Ltd has won "Prestigious National Energy Conservation Award in Dairy Sector for the year 2014". -Heritage Foods Ltd has started commercial production of its 14th Packing Station in Haryana. 2015 -Heritage Fresh Bags COCA COLA Golden Spoon Award' 2015 -Heritage Foods wins National Energy Conservation Awards 2015 -Heritage won the Prestigious National Energy Conservation Awards 2016 - Heritage Fresh Bags COCA COLA Golden Spoon Award' 2016 - Heritage Foods Bags 'Golden Peacock Award for Excellence in Corporate Governance for the year 2016 2017 -The Company has splits its face value from Rs. 10/- to Rs. 5/-. -Heritage won the Prestigious National Energy Conservation Awards (NECA - 2017) in Dairy Sector for the year 2017. -"Golden Peacock Award for Excellence in Corporate Governance" for the year 2017". -Heritage Foods forms JV with French company Novandie. -HFL to enter into JV with an European dairy firm. -Heritage Foods has completed acquisition of dairy business of Reliance Retail. -Heritage Foods bags COCA COLA Golden Spoon Award 2017. -"Heritage Fresh Bags COCA COLA Golden Spoon Award 2017". 2018 -"Heritage Fresh Bags The ICAI Awards 2017". 2021 -Heritage Novandie Foods Private Limited a 50:50 joint venture Company between Heritage Foods Limited and Novandie, France has started the commercial production. -Company won the Prestigious National Energy Conservation Awards (NECA - 2020) in Dairy Sector for the year 2020. - ''New Product Launch on August 13, 2021''. 2022 -Heritage Foods winner of exchange4media "Pride of India - Best South Brand Award". 2023 -The company issued rights shares of Rs. 5 in the ratio of 1:1 at par. -'Company won the Prestigious National Energy Conservation Awards (NECA - 2023) in Dairy Sector for the year 2023''. |
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