Nestle India Limited — Others, 28-12-2024: Action(s) taken or orders passed

Nestlé India Limited has received an order from the Commissioner of Customs in Maharashtra, confirming a demand for differential customs duty of ₹1.94 crore (cr), along with applicable interest, a fine of ₹2.40 crore (cr), and a penalty of ₹1.94 crore (cr). While these charges total ₹6.28 crore (cr), the company stated there would be no material impact on its financials or operations, indicating robust management of this situation as it explores options to contest the order. For investors, this update presents a neutral impact, reflecting the company's resilience amid challenges.