Nestlé India - Update on Scheme of Arrangement

Nestlé India Ltd has informed BSE about the Notice to the unsecured creditors of the Company published on February 16, 2008, in pursuance of the directions of the Hon'ble High Court dated February 04, 2008 in the matter of the Scheme of Arrangement between Nestlé India Ltd and its Shareholders and Creditors :"Notice is hereby given that a Petition under Section 391 to 394 of the Companies Act, 1956 for obtaining the sanction of the Hon'ble High Court of Delhi at New Delhi, to a Scheme of Arrangement between Nestlé India Ltd and its shareholders was presented by the said Petitioner Company on May 24, 2007. The Scheme of Arrangement provides for payment of amounts to the equity shareholders of the Petitioner Company from the Share Premium Account and the General Reserve being that part of the amounts' transferred in excess of the prescribed 10% of the profits in accordance with the Companies (Transfer of Profits to Reserve) Rules, 1975. The said petition was listed for directions on February 04, 2008.

In pursuance of the directions of the Hon'ble High Court dated February 04, 2008, notice is hereby given to the Unsecured Creditors that the said Petition is fixed for hearing before the Hon'ble High Court of Delhi at New Delhi at 10.30 AM on March 11, 2008.