Nestle India Limited has informed the Exchange about General Updates - Notice to the members holding shares in physical form
NESTLEIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nestle India is following up on its earlier EGM notice by directly reaching out to shareholders who still hold their shares in physical form. The Board had approved a 1:1 bonus share issue (one free share for every one held) on 26th June 2025, subject to shareholder approval at the upcoming EGM. Under SEBI rules, bonus shares will be allotted only in dematerialized (demat) form, so physical shareholders must dematerialize their holdings or update their KYC and demat account details by 24th July 2025. If they fail to do so, their bonus shares will be parked in a separate 'Suspense Escrow Demat Account' and their voting rights on those shares will be frozen. The company and its Registrar (Alankit Assignments) will assist shareholders with the paperwork needed.
This is a procedural communication with no direct impact on stock price, but physical shareholders must act before 24th July 2025 to avoid their bonus shares being locked in an escrow account. Investors who only hold Nestle India in physical form should dematerialize their shares soon to ensure smooth credit of the bonus entitlement.