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Outcome of meeting of the Board of Directors of the Company held on 25th April, 2019.

The Company has informed BSE that the Board of Directors of the Company at its meeting held on 25th April, 2019, inter alia, has transacted the following:

a) Declared interim dividend for 2019 of Rs.23/- per equity shares of Rs. 10/- each to be paid on and from 15th May, 2019. The interim dividend for 2019 will be paid to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date 7th May, 2019, already announced for the purpose.

b) On the recommendation of the Nomination and Remuneration Committee, approved re-appointment of Mr. Shobinder Duggal as Whole-time Director, designated as Executive Director – Finance & Control and CFO with effect from 10th May, 2019 till 31st December, 2019, subject to approval of the shareholders.

c) Approved a policy for determination of “legitimate purposes” and amended the Nestlé Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.