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Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 (“Listing Regulations”): Clarification /Confirmation on news item appearing in “Media/Publication”
The Company has informed BSE and NSE that with reference to emails dated 18th April 2024 received from NSE and BSE regarding clarification/ confirmation sought on the recent news item which appeared in the various Media Publications on 18th April 2024 including the aforesaid reference publication. In this regard, we hereby provide the following clarification/confirmation on the aforesaid news item:
At the outset, we would like to assure that our Infant Cereal products, are manufactured to ensure the appropriate delivery of nutritional requirements such as Protein, Carbohydrates, Vitamins, Minerals, Iron etc. for early childhood. We never compromise and will never compromise on the nutritional quality of our products. We constantly leverage our extensive Global Research and Development network to enhance the nutritional profile of our products.
Compliance is an essential characteristic of the Company and we will never compromise on that. We also ensure that our products manufactured in India are in full and strict compliance with CODEX standards (a commission established by WHO and FAO) and local specifications (as required) pertaining to the requirements all nutrients including added sugars.
Reduction of added sugars is a priority for Nestlé India. Over the past 5 years, we have already reduced added sugars by up to 30%, depending on the variant. We regularly review our portfolio and continue to innovate and reformulate our products to further reduce the level of added sugars, without compromising on nutrition, quality, safety, and taste.
Nestlé India is committed to delivering the best nutrition to our consumers, which we have been doing for over 100 years and would always maintain highest standards of Nutrition, Quality and Safety in our products.
Specific response on the clarification sought by NSE and BSE regarding the aforesaid Media Publication is provided hereunder:
1. This is based on news items which appeared in the various Media Publications on 18th April 2024 including the aforesaid reference publication.
2. We wish to inform you that all material information that may have a bearing on the Operations/ performance of the Company, which includes all the necessary disclosures in accordance with Regulation 30 of the Listing Regulations have been regularly disclosed to the Stock Exchanges by the Company in a timely and accurate manner, in conformity with the principles governing disclosures and obligations. The Company is not aware of any information that has not been announced to the Stock Exchanges which could have bearing on the movement in the trading pattern.
3. As such, the Media Publications does not have any material impact on the operations / performance of the Company.