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Nestle India Declares Interim Dividend of Rs 27 Per Share, Sets Record Date

Nestle India reported a 36.8% increase in consolidated net profit at Rs 698.34 crore for the first quarter.

On Wednesday, Nestle India declared an interim dividend of Rs 10 per share to Rs 27 per share for 2023, the company said in a BSE filing.

The FMCG giant has set April 21 as the record date for determining shareholders’ eligibility to pay an interim dividend.

“You are hereby informed that the Board of Directors announced at its meeting today that all Issued, Subscribed and

The company’s paid-up share capital is 96,415,716 shares with a par value of Rs 10 each,” the statement read.

The interim dividend in 2023 will be paid together with the 2022 final dividend from May 8, 2023, subject to members’ approval at today’s 64th Annual General Meeting.

“The interim dividend for 2023 will be paid on May 8, 2023, together with the final dividend for 2022,

If approved by members at the 64th Annual General Meeting scheduled for April 12, 2023, those members

whose name appears in the company’s register of members and as a beneficial owner on the custodian’s records,

As implied in our PKR:GA:22:23 letter dated March 27, 2023, the date of record established for the above purposes is April 21, 2023,” the statement added.

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