Nestlé India had its 60th Annual General Meeting (AGM) today in New Delhi. All resolutions, including the one for continuity of royalty payments were approved with an overwhelming majority.
Commenting on the outcome of the AGM, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said: "I am humbled by the strong show of support from the shareholders. They have appreciated the Company’s performance and shown faith in management’s ability to deliver long term shareholder value.
The shareholders also appreciated the efforts towards societal initiatives, be it in the area of rural development, nutrition, water or steps taken towards managing plastic waste. ”