Heritage Foods Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018

1. The unaudited standalone financial results for the quarter and nine months ended 31 December 2018 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on 30 January 2019.

2. The unaudited standalone financial results for the quarter and nine months ended 31 December 2018 were subject to a limited review by the statutory auditors of the Company.

3. As per Ind AS 108 - Operating Segments, the Company has identified Dairy, Renewable energy and Feed as reportable segments.

4. The Company has adopted Ind AS 115 using modified retrospective application method with effect from 1 April 2018 and accordingly these standalone financial results are prepared in accordance with recognition and measurement principles laid down in Ind AS 115, Revenue from Contracts with Customers. There is no impact of adoption of Ind AS 115 on revenue on standalone financial results.

5. Figures of previous periods/year have been regrouped/rearranged wherever necessary.

N Bhuvaneswari
Vice Chairperson and Managing Director