Nestle board approves 1:1 bonus share challenge; top off 1% in morning commerce on June 26

“The bonus fairness share of face worth of Re.1 can be totally issued to fairness shares of face worth of Re.1 every, held by the members of the corporate,” Nestle India stated in a regulatory submitting.

However, “record date for determining the entitlement of the members of the company to receive bonus equity shares will be announced in due course,” it added. On June 19, Nestle had introduced that the corporate’s board will take into account the bonus shares challenge.

The board of Nestle India, which can also be having its annual basic assembly (AGM) on Thursday (June 26, 2025), authorized the difficulty of 1:1 bonus share, topic to last approval within the extraordinary basic assembly (EGM) held by Nestle India on July 24, knowledgeable its outgoing Chairman and Managing Director Suresh Narayan.

“…the board of directors have declared a bonus of one equity share, or one equity share held…, which is subject to the approval of the members in the EGM to be held on 24th July, 2025,” Mr. Narayanan stated throughout his tackle on the AGM.

This is the primary bonus challenge after the yr 1996, with subdivision of shares and NSE itemizing in 2024. “We believe we have fulfilled a long-standing wish of all the shareholders,” he stated, including that it will profit greater than 1.6 lakh small shareholders holding lower than 5 shares every.

The firm believes that the proposed issuance of bonus fairness shares “recognises the steadfast support and loyalty” of the shareholders all through the corporate’s development and transformation journey. “Moreover, it will enhance the liquidity of the shares while expanding the…retail investor participation,” he added.

After this announcement, Nestle India shares jumped practically 1% within the morning trades. Shares of Nestle India have been buying and selling at ₹2,426.95 apiece on the BSE, up 0.94%.