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1. Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”): Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended 30th September 2024; and II. R
The Company has informed BSE and NSE that the Board of Directors of the Company, at its meeting held on 17th October 2024, inter-alia, considered the following:
1. approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the second quarter and half year ended 30th September 2024 (‘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, the Statutory Auditors of the Company and Press Release relating to the UFRs. The same are also being uploaded on the Company’s website. The UFRs shall be published in the newspapers as per the Listing Regulations.
2. Following the intimation submitted vide our letter PKR:SG: 85:24 dated 7th October 2024, Nestle S.A.'s nomination under Article 118A and 106 of the Company's Articles of Association for the appointment of Mr. Manish Tiwary as Managing Director of Nestlé India Limited to succeed Mr. Suresh Narayanan, who will retire on 31st July 2025, was reviewed by the Nomination and Remuneration Committee and based on its recommendation, the Board of Directors has approved Mr. Manish Tiwary's appointment as “Non-retiring Director” and “Managing Director” (Key Managerial Personnel) of the Company w.e.f. 1st August 2025 for a term of five consecutive years, subject to approval of the shareholders. To ensure a smooth transition due to Mr. Suresh Narayanan’s retirement as Chairman and Managing Director of the Company on 31st July 2025, the Board of Directors has decided that Mr. Manish Tiwary will commence his role at Nestlé India as Managing Director (Designate) starting 1st February 2025, taking on full responsibilities as Managing Director w.e.f. 1st August 2025.
The above details are disclosed in accordance with the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 is given in Annexure – I to the letter.