Nestle India Limited has informed the Exchange regarding summary proceedings of the Extraordinary General Meeting of the Company held on July 24, 2025.
NESTLEIND · price
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Nestle India held an Extraordinary General Meeting (EGM) on July 24, 2025, via video conferencing, chaired by CMD Suresh Narayanan. Two key resolutions were placed before shareholders: (1) issuance of bonus equity shares in a 1:1 ratio (one bonus share of face value ₹1 for every one share held), to be funded by capitalising up to ₹96.42 crore from retained earnings, and (2) an increase in authorised share capital from ₹100 crore to ₹200 crore, along with a corresponding amendment to the Capital Clause of the Memorandum of Association. Remote e-voting was conducted from July 21 to July 23, 2025 via the NSDL portal, with additional e-voting facility during the meeting. Scrutiniser M/s SCV & Co., LLP supervised the voting process, and the formal voting results are still awaited and will be submitted to the stock exchanges separately under Regulation 44.
If approved, the 1:1 bonus issue will double the number of shares held by investors, though the stock price typically adjusts downward in proportion — it is essentially a reward to shareholders, not a change in company value. The doubling of authorised capital gives Nestle India flexibility for the bonus issue and any future fundraising or corporate action.