Mumbai, AUGUST 31, 2019 (GPN): The 27th Annual General Meeting (AGM) of Heritage Foods Ltd, the leading private dairy players in India, is held today at Hyderabad.

The shareholders of the company has approved 40% dividend for financial year FY19 i.e. Rs 2 per share on a face value of Rs 5 per share.

Dr. V Nagaraja Naidu and Mr. N Sri Vishnu Raju have been repointed as Director and Non-Executive Independent Director of the company.

Commenting on the occasion of AGM,Mrs. Brahmani Nara, Executive Director, said, “We remain committed to our strategic blueprint to increase our current procurement of 19.6 lakh liters of milk per day to 25 lakh liters of milk per day and procurement from 6 lakh farmers and serving 30 lakh households by 2024. We are delighted that, FY19 marked another outstanding year in delivering stakeholder value. We have been increasing our product penetration through increasing our distribution & retail outlets, focusing on product diversification as well as process improvements”.

She further said “We continue to distinguish Heritage as a leading dairy company that matches changing consumer tastes and trends”

About the Company:

Heritage Foods is one of the Leading Private Dairy Players in India with a Chilling Capacity 18.70 lakh liters per day, Processing Capacity 25.70 lakh liters per day and Packaging Capacity 17.15 lakh liters per day. The company has grown multifold to occupy a sizeable share in India’s Dairy Market through deeply committing towards innovation and to providing authentic, high-quality milk products. The company produce and market a full line of Dairy products including fresh milk, curd, butter milk, lassi, ice-cream, paneer, table butter, milk powder, flavoured milk, UHT milk and dairy whitener. Headquartered in Hyderabad, Heritage has a significant presence in the states of Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Punjab, Uttarakhand, Himachal Pradesh, Uttar Pradesh & Madhya Pradesh. ENDS