Nestlé India - Outcome of AGM 2005

Nestlé India Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on April 29, 2005, inter alia, have accorded to the following:

1. Approved the Balance Sheet as at December 31, 2004 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors' and Auditors' thereon.

2. Declared the special Dividend for 2004 of Rs 4.50 per equity share and confirmed the Interim Dividends aggregating Rs 20.00 per equity share, already paid during the year, 2004.

3. Re-appointed Mr. Rajendra S Pawar as a Director.

4. Re-appointed M/s A F Ferguson as the Auditors of the Company upto the conclusion of the next Annual General Meeting of the Company.

5. Approved the appointment of Mr. Martial Gildas Rolland as the Managing Director of the Company for a period of five years effective December 11, 2004.

6. Approved the appointment of Mr. Shobinder Duggal as a Whole-Time Director of the Company for a period of five years effective May 10, 2004.

7. Approved the Payment of Commission and Sifting Fee to the Non-Executive Directors of the Company.

8. Approved delisting of equity shares of the Company from the Delhi Stock Exchange Association Ltd, New Delhi