Nestle India Limited has informed the Exchange with copy of detailed proceedings of the 66th Annual General Meeting ( 66th AGM ) of the Company held on Thursday, 26th June 2025
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Nestle India submitted the detailed proceedings of its 66th AGM held on 26th June 2025 via video conferencing. Chairman and MD Suresh Narayanan chaired his 10th and final AGM before retirement, with Mr. Manish Tiwary set to take over as Managing Director from 1st August 2025. The Board announced a proposed 1:1 bonus issue (subject to EGM approval on 24th July 2025) aimed at benefitting over 1,60,000 small shareholders and improving share liquidity. Key decade highlights shared include revenue CAGR of 10.3%, profit after tax growth of 490%, sales growth of over 150%, market cap expansion of 3.9x, TSR CAGR of 17%, and shareholder base growing from 80,000 to over 550,000. All seven resolutions—including adoption of FY25 financials, final dividend, director appointments (re-appointment of PR Ramesh and appointment of Manish Tiwary), and ratification of cost/secretarial auditors—were passed with requisite majority. Updates were also shared on the Dr. Reddy's joint venture (49% Nestle, 51% DRL), the ₹950 crore Odisha factory, and ₹1,100 crore Sanand expansion.
The bonus issue in 1:1 ratio and continued dividend track record should support retail investor sentiment and improve share liquidity. Leadership transition to Manish Tiwary and a largely unchanged board signal continuity. The decade-long operational metrics indicate strong long-term value creation, though near-term consumption pressure in milk/nutrition and coffee/cocoa cost headwinds were acknowledged.