Nestle India Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 24, 2025. Further, the company has informed the Exchange regarding voting results.
NESTLEIND · price
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Nestle India held an Extraordinary General Meeting on July 24, 2025, where shareholders approved two key resolutions with overwhelming support. The first resolution approves a bonus share issue in the ratio of 1:1, meaning one additional free share for every share held, by capitalising up to ₹96.42 crore from the company's retained earnings. The second resolution doubles the company's authorised share capital from ₹100 crore to ₹200 crore, with a corresponding change to the company's charter. Both resolutions passed comfortably, with 97.76% and 97.78% of votes cast in favour, respectively. Promoters, who hold about 62.8% of the company, voted 100% in favour of both resolutions. The total voting turnout was 82.36% of outstanding shares across 539,491 shareholders on the record date (July 17, 2025).
Eligible shareholders will receive one bonus share for each share they own, effectively doubling their share count. The stock price will adjust downward on the ex-bonus date to reflect the higher share base, so the overall investment value stays roughly the same. The move signals management's confidence in the company's strong retained earnings position.