Nestle India Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on July 24, 2025
NESTLEIND · price
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Nestle India has called an Extraordinary General Meeting on July 24, 2025 (3:00 PM IST, via video conferencing) to seek shareholder approval for two key proposals. First, a bonus issue of equity shares in a 1:1 ratio — one bonus share of ₹1 face value for every one existing share held — by capitalising up to ₹96.42 crore from retained earnings (which stood at ₹4,008.95 crore as of March 31, 2025). Second, an increase in Authorised Share Capital from ₹100 crore to ₹200 crore (divided into 200 crore shares of ₹1 each) to accommodate the bonus issue and any future capital needs. The cut-off date for e-voting eligibility is July 17, 2025, with remote e-voting open from July 21 (9:00 AM) to July 23, 2025 (5:00 PM). Bonus shares will be allotted only in dematerialised form; physical shareholders will have shares credited to a suspense escrow account.
If approved, every shareholder will receive one additional share for each share they currently hold, effectively doubling their share count while the overall shareholding pattern remains unchanged. While the company's market capitalisation stays the same, the share price is expected to adjust downward on the ex-date to reflect the doubled share base. Retail investors (who form 95.5% of shareholders but hold only ~12.4% by value) stand to benefit from improved liquidity and broader affordability.