NESTLEINDNSENestle India Limited· Food And Food ProcessingMediumNeutral
Announced Thu, 24 Apr · 12:26 IST

Nestle India Limited has informed the Exchange regarding Appointment of Ms SNACO as Secretarial Auditor of the Company for a period of five consecutive years commencing from financial year 2025-26 till financial year 2029-30, subject to approval of members at the ensuing 66th AGM (refer Annexure III).

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AI summary

Nestle India has informed the stock exchange about the appointment of Ms SNACO as the Secretarial Auditor of the company for a five-year period covering financial years 2025-26 to 2029-30. This appointment is subject to approval from shareholders at the upcoming 66th Annual General Meeting. Secretarial auditors are responsible for verifying that the company complies with various legal and regulatory requirements. Such appointments are a routine corporate governance requirement under the Companies Act.

Likely market impact

This is a routine, regulatory compliance appointment and is unlikely to have any material impact on the stock price or shareholder returns. Shareholders will have the opportunity to approve or vote against this appointment at the 66th AGM.