Key Quantitative Figures and Dates

  • AGM Date and Time: Friday, 3rd July 2026 at 10:30 A.M. IST.
  • Record Date for Final Dividend: 10th July 2026.
  • Final Dividend: ₹5.00 per equity share (face value ₹1.00 each) for FY 2025-26, proposed to be paid on and from 30th July 2026.
  • Interim Dividend: ₹7.00 per equity share was already paid on and from 26th February 2026.
  • Total Dividend for FY 2025-26: ₹12.00 per share (₹7 interim + ₹5 final).
  • Cost Auditor Remuneration: ₹2,64,000 (Rupees two lakhs sixty four thousand only) plus reimbursement of out-of-pocket expenses and applicable taxes for FY 2026-27.
  • IEPF Transfers (FY 2025-26):
  • Unpaid dividend transferred: ₹58,61,760 (Final Dividend 2017 & First Interim Dividend 2018); ₹29,85,360 (Second Interim Dividend 2018); ₹73,34,950 (Third Interim Dividend 2018).
  • Corresponding shares transferred: 61,310 equity shares; 16,720 equity shares; 99,360 equity shares (all of face value ₹1.00 each).
  • Cut-off Date for E-Voting Eligibility: Friday, 26th June 2026.
  • Remote E-Voting Period: Tuesday, 30th June 2026 (9:00 A.M. IST) to Thursday, 2nd July 2026 (5:00 P.M. IST).

Parties Involved

  • Stock Exchanges: BSE Limited (Scrip Code: 500790) and National Stock Exchange of India Limited (Symbol: NESTLEIND).
  • Company Secretary & Compliance Officer: Pramod Kumar Rai.
  • Director for Re-appointment: Mr. Mandeep Singh Chhatwal (DIN: 11387157).
  • Cost Auditor: M/s. Ramanath Iyer & Co., Cost Accountants (Firm Registration No.: 000019).
  • Scrutinizer: Mr. Abhinav Khosla, Chartered Accountant (Membership No. 087010), Partner of M/s. SCV & Co. LLP.
  • RTA: M/s. Alankit Assignments Limited.
  • E-Voting Service Provider: National Securities Depository Limited (NSDL).

Purpose and Rationale

The purpose of the notice is to inform shareholders of the agenda for the 67th AGM and provide instructions for participation and voting. The meeting will be held virtually via Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with MCA General Circular No. 03/2025. The business includes ordinary items like adopting financial statements and declaring dividend, and special business to ratify cost auditor remuneration.

Capital Structure Impact

No change to the share capital is proposed in this notice. The agenda focuses on dividend distribution and director re-appointment.

Cash Flow Implications

  • Dividend Outflow: Payment of final dividend of ₹5 per share, subject to shareholder approval, will result in a cash outflow from the company on and after 30th July 2026.
  • Audit Fees Outflow: Payment of ₹2,64,000 plus taxes and expenses to the cost auditor for FY 2026-27.

Governance and Compliance Highlights

  • The AGM will be held virtually, and physical attendance is not permitted.
  • Members are urged to complete KYC details, including PAN linked with Aadhaar, to ensure dividend payments are processed electronically and TDS is deducted correctly.
  • Extensive instructions are provided for remote e-voting and participation in the virtual meeting.
  • A detailed communication on TDS compliance for dividend distribution is annexed, outlining rates and documentation required for resident and non-resident shareholders.
  • The notice confirms the transfer of unpaid dividends and corresponding shares to the Investor Education and Protection Fund (IEPF) as per statutory requirements.

#Tags: #NestléIndia #AGM #Dividend #SEBIDisclosure #RegulatoryCompliance #Neutral