Heritage Foods Board Approves Amalgamation Scheme

Heritage Foods Limited's Board of Directors has approved a Scheme of Amalgamation for its wholly-owned subsidiary, Heritage Novandie Foods Limited, to merge with the parent company. This move aims to integrate businesses and financial resources, enhance operational efficiency, simplify the group structure by eliminating an entity, and streamline management. The amalgamation is subject to approvals from the National Company Law Tribunal, shareholders, and other relevant authorities. The transferor company, Heritage Novandie Foods, had a turnover of ₹4.05 Crore and net worth of ₹17.62 Crore in FY26, while the transferee company, Heritage Foods, reported a turnover of ₹4,415.07 Crore and net worth of ₹1,063.80 Crore for the same period. No cash consideration is involved.