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Nestlé India - Board Meeting on Jan 15, 2007

Nestlé India Ltd. has informed BSE that a meeting of the Board of Directors of the company will be held on January 15, 2007, inter alia, to consider a Scheme formulated under Sections 391 to 394 of the Companies Act, 1956 read with Sections 100 to 102 of the Companies Act, 1956 for enabling utilisation of part of the General Reserve and the Share Premium Account of the company, for consequent distribution thereof to the shareholders of the company. The proposed Scheme shall be subject to approval of the shareholders / creditors of the Company and the Hon’ble High Court.

The final decision on the proposed Scheme would be taken by the Board at its meeting on January 15, 2007 and is subject to such modifications as may be proposed by the Board.