Change in Director / Key Managerial Personnel

Nature of change: Internal reorganization involving cessation and appointments in Senior Management Personnel roles

Individual Details:

  • Mr. Vineet Singh (Current BEO Nutrition and Dairy): Cessation effective January 1, 2027. Taking up new role with Nestlé affiliate.
  • Mr. Gopichandar Jagatheesan (Current BEO Chocolates and Confectionery): Appointed as BEO Nutrition and Dairy effective January 1, 2027. Term: As per company policy. DIN: Not provided.
  • Ms. Mansi Khanna (Current COO of Dr. Reddy's and Nestlé Health Science Limited): Appointed as BEO Chocolates and Confectionery effective January 1, 2027. Term: As per company policy. DIN: Not provided.

Brief Profiles:

  • Mr. Gopichandar Jagatheesan: Joined Nestlé in 2008, currently serves as BEO - Chocolates and Confectionery. Previous experience includes Supply Chain, Sales, Chilled Dairy, Confectionery and Cereals Business. Qualifications: Bachelor of Engineering (Mechanical) from BITS Pilani and Post Graduate Diploma in Business Management (Marketing) from IIM Kozhikode. 18 years of experience.
  • Ms. Mansi Khanna: Joined Nestlé in 2017 as Category Marketing Manager - Chocolates & Confectionery. Previously led Dairy portfolio (EveryDay, MILKMAID, NESCAFÉ Ready-to-Drink, MILO). In January 2023 became BEO - Nestlé Health Science and led team that structured joint venture with Dr. Reddy's Laboratories. In August 2024 became COO of the JV entity leading Sales, Marketing and Commercial Excellence. Qualifications: Master of Business Administration (MBA) in Marketing from SP Jain Institute of Management & Research. 20 years of experience.

Relationship with other directors: Not disclosed

Previous KMP: Mr. Gopichandar Jagatheesan succeeds Mr. Vineet Singh. Ms. Mansi Khanna succeeds Mr. Gopichandar Jagatheesan.

Key Financial or Operational Approvals

No financial or operational approvals mentioned in the disclosure

Strategic or Business Context

The changes are part of an internal reorganization aimed at strengthening leadership across key business segments. The appointments bring extensive category experience:

  • Mr. Jagatheesan's varied exposure across categories equips him to lead Nutrition & Dairy business
  • Ms. Khanna's strong experience in Chocolates and Confectionery and track record of building Nestlé brands in both Chocolates and Dairy equip her to lead Chocolates and Confectionery business

Any Other Material Information

Regulatory Compliance: Disclosure made under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026

Effective Date: All changes effective from 1st January 2027, subject to necessary approvals