Outcome of the Board Meeting held on 30th January 2026
Regulation 30 and 33 read with Schedule III to the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”): Outcome of the Board Meeting held on 30th January 2026
The Company has informed BSE and NSE that the Board of Directors of the Company, at its meeting held today:
1. Approved Unaudited Financial Results (standalone and consolidated) of the Company for the third quarter and nine months ended 31st December 2025 (“UFRs”). Enclosed are the UFRs along with the Limited Review Report on the said UFRs issued by M/s. S. R. Batliboi & Co. LLP, Chartered Accountants, Statutory Auditors, and the Press Release relating to the UFRs. The same are also being uploaded on the Company’s website at www.nestle.in. The UFRs shall be published in the newspapers as required under the Listing Regulations.
2. Declared an Interim Dividend of Rs. 7/- (Rupees seven only) per equity share of the face value of Re. 1/- (Rupee one only) each for the financial year 2025-26 on the entire issued, subscribed and paid-up share capital of 1,928,314,320 equity shares of the Company, which will be paid on and from 26th February 2026 to those members whose names appear in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories, as on the Record Date fixed for the purpose i.e. 6th February 2026, as already intimated by the Company to the Stock Exchanges vide its letter no. PKR:SG:JK: 98:2025-26 & PKR:SG:JK: 99:2025-26 both dated 16th January 2026.
3. Appointed Mr. Edouard Dominique Jean Mac Nab (DIN: 11511070) [‘Mr. Edouard Mac Nab’] as an Additional Director and Whole-time Director (Key Managerial Personnel), designated as “Executive Director – Finance & Control and Chief Financial Officer” for a term of five consecutive years w.e.f. 1st March 2026, subject to requisite approvals, to succeed Ms. Svetlana Boldina (DIN: 10044338), who will relinquish her office on 31st January 2026, to take up new assignment with a Nestlé Affiliate, details of which were previously disclosed by the Company to the Stock Exchanges vide its letter no. PKR:SG:JK: 91:2025-26 dated 10th December 2025. The Board has also approved seeking approval of the members for the appointment of Mr. Edouard Mac Nab as a Whole-time Director, designated as “Executive Director – Finance & Control and Chief Financial Officer” through Postal Ballot. The Board has also approved that, during the period of transition, Ms. Svetlana Boldina will continue to provide essential support to both the Company and Mr. Edouard Mac Nab.
Details in accordance with the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 for the appointment of Mr. Edouard Mac Nab is given in Annexure - I to this letter.
4. Approved seeking approval of the members for the appointment of Mr. Jagdeep Singh Marahar (DIN: 09121056), as a Whole-time Director, designated as “Executive Director – Technical” through Postal Ballot, for a term of five consecutive years w.e.f. 1st June 2026, subject to requisite approvals, in place of Mr. Satish Srinivasan (DIN: 10173407), who retires from the Company on 31st May 2026. To ensure seamless transition, the Board has also appointed Mr. Jagdeep Singh Marahar as Head of Technical (Key Managerial Personnel) w.e.f. 1st May 2026.
Details in accordance with the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 were previously disclosed by the Company to the Stock Exchanges vide its letter no. PKR:SG:JK: 91:2025-26 dated 10th December 2025.
5. Approved seeking approval of the members for appointment of Mr. Mandeep Singh Chhatwal (DIN: 11387157) as a Non-Executive Director of the Company w.e.f. 1st January 2026 through Postal Ballot. The Board of Directors, vide resolution dated 20th November 2025, appointed Mr. Chhatwal as an Additional Director (Non-Executive) of the Company w.e.f. 1st January 2026.
Details in accordance with the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 were previously disclosed by the Company to the Stock Exchanges vide its letter no. PKR:SG:JK: 78:2025-26 dated 20th November 2025. The Postal Ballot process for seeking approval of the members of the Company for appointment of Mr. Edouard Mac Nab, Mr. Jagdeep Singh Marahar and Mr. Mandeep Singh Chhatwal as Directors will be intimated in due course.
6. Approved (in-principle) investments in two special purpose vehicles (SPVs) with M/s. Adani Green Energy Limited and M/s. Radiance Renewables Private Limited, subject to customary closing conditions, for establishing captive renewable energy power plants to secure green energy in a cost effective manner for its manufacturing facilities. Accordingly, the Company will invest up to 26% in the capital of the SPVs and consume at least 51% of the annual generated power by each SPV.
Details in accordance with the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 will be intimated in due course.
