Nestle India Limited — Others, 01-07-2025: Shareholders meeting
01-07-2025 | 06:17 pm
01-07-2025 | 06:17 pm
Nestlé India Limited has announced a board meeting to approve a 1:1 bonus equity share issue by capitalising up to ₹96.42 crore from retained earnings, rewarding shareholder loyalty and aiming to improve share liquidity and broaden the shareholder base. The bonus shares will be credited only in dematerialised form, with those holding physical shares receiving them via a suspense demat account until credited electronically. To accommodate this, the company plans to increase its authorised share capital from ₹100 crore to ₹200 crore. This move aligns with the company's strategy to enhance retail investor participation without altering shareholding patterns.
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