Nestlé India Annual General Meeting Unanimous support from shareholders for all proposals

To Press Releases listGurgaon,May 8, 2013

Dr. Swati Piramal Re-appointed Non-Executive Director & Aristides Protonotarios appointed Director-Technical

Nestlé House, Gurgaon, 8th May 2013: The Fifty Fourth Annual General Meeting of Nestlé India was conducted today in Delhi.

The Shareholders unanimously approved all the agenda items including the adoption of the annual accounts for 2012, confirmation of the interim dividends paid and appointment of M/s A.F. Ferguson as the Statutory Auditors. Shareholders in person or through proxies representing about 74.8% of the total share capital, registered for the meeting.

Shareholders re-elected Dr. (Mrs.) Swati A. Piramal as Non-Executive Director of the Company. Dr. Piramal has been on the Board since August 2010 and is a member of the Corporate Governance Committee of the Directors. She has a distinguished profile and has made immense contribution to the areas of health, education and supporting women in leadership roles. She has received numerous National and International awards, and most recently she was conferred the Padma Shri for her exceptional and distinguished contribution to the field of trade and industry.  At the meeting, Shareholders also approved the appointment of Mr. Aristides Protonotarios as a Whole-Time-Director designated as “Director – Technical” of the Company. Mr. Protonotarios joined Nestlé Group in 1991 and has extensive experience in Technical and Manufacturing within the Nestlé Group.

At the meeting, Chairman and Managing Director of Nestlé India Mr. Antonio Helio Waszyk highlighted that though 2012 has not been an easy year, the Company maintained focus on long term, maintainable and sustainable growth. He mentioned that the Company is operating in the New Reality where the difference is the speed and unpredictability of the change. In the changing economic and social context it is necessary to transform and realign constantly. 

Mr. Waszyk pointed out that the Company has been thinking ahead and preparing for that.  In the past six years close to Rs.3800 crores have been invested to expand the existing facilities, set up greenfield factories and modernize and strengthen the supply chain capabilities. 

This document does not purport to be a record of proceedings of the Fifty Fourth Annual General Meeting.


HIMANSHU MANGLIK
Nestlé India Limited 

Head Office: Nestlé House, Jacaranda Marg,
M Block, DLF City Phase – II, Gurgaon 122 002 (Haryana)
Registered Office: M-5A, Connaught Circus, New Delhi – 110 001
Email ID: investor@in.nestle.com, Website: www.nestle.in