Nestle India Limited has informed the Exchange regarding Notice of 66th Annual General Meeting to be held on Jun 26, 2025
NESTLEIND · price
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Nestle India has notified the stock exchanges about its 66th Annual General Meeting scheduled for June 26, 2025, at 10:30 AM via video conferencing. The cut-off date for e-voting eligibility is June 19, 2025, with the e-voting window open from June 23 to June 25, 2025. Shareholders will vote on adopting FY25 audited financials, confirming two interim dividends of ₹2.75 and ₹14.25 per share, and approving a final dividend of ₹10.00 per share (record date July 4, 2025; payment from July 24, 2025). Key resolutions include the re-appointment of Mr. Ramesh as Independent Director (2nd term till June 30, 2030), appointment of Mr. Manish Tiwary as Managing Director for 5 years (Aug 1, 2025 to July 31, 2030), and the appointment of new Secretarial Auditors for 5 years. The Cost Auditor's remuneration is fixed at ₹2,40,000 plus taxes and out-of-pocket expenses.
Routine AGM notice with routine business plus key leadership appointments. The total FY25 dividend of ₹27.00 per share (including the proposed final dividend) is positive for shareholders. The appointment of a new Managing Director and re-appointment of the Independent Director require shareholder approval but are largely procedural. No material surprise for the stock is expected from this filing.