Further to letter BM:PKR:54:20 dated 20th November 2020 please find enclosed the Postal Ballot Notice dated 20th November 2020 together with the Explanatory Statement. The copy of the said Postal Ballot Notice is being uploaded on the website of the Company at www.nestle.com and the website of National Securities Depository Limited at www.evoting.nsdl.com. In conformity with the requirements, the said Notice is being sent electronically to all the Members whose names appear in the Register of Members/ List of Beneficial Owners and whose e-mail IDs are registered with the Company/ Depositories as on Friday, 20th November 2020, being the Cut-off date already intimated vide our aforesaid letter.
This is to inform that today the Board of Directors of the Company has approved seeking approval of the Members for the appointment of Mr. Matthias Christoph Lohner (DIN 0008934420) as a Director and Whole-time Director, designated as 'Executive Director - Technical' of the Company for a period of five years with effect from 1st November 2020 and the terms and conditions of appointment and remuneration payable to Mr. Lohner, by means of Postal Ballot. In terms of relevant Circulars issued by the Ministry of Corporate Affairs and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company shall provide remote e-voting facility for the said purpose. The cut-off date of 20th November 2020 has been fixed to determine the eligibility of the Members to cast their vote through remote e-voting facility.
The Company has submitted presentations to be made to the Financial Analysts/ Institutional Investors at the meeting scheduled to be held today, in terms of the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nestle India- The Board of Directors in their meeting held today on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr Matthias C. Lohner, as Whole-time Director, designated as 'Executive Director - Technical' with effect from 1st November 2020, for a term of five years, subject to requisite approvals, in place of Mr Martin Roemkens. About Mr Matthias C. Lohner Mr Matthias has over 23 years of rich experience in Nestle Group and held various positions of increasing responsibility in Vietnam, Mexico, El Salvador, Canada, Chile. Currently he is Operations Manager, Nescafe Dolce Gusto, Global Business Unit based in Switzerland. He brings with him a diverse background with experience around different Markets and Zones including Nestle Head Office at Switzerland.
Nestle India - The Board of Directors at their meeting held today declared interim dividend of Rs. 135/- (Rupees One Hundred Thirty Five only) per equity share of Rs. 10/- each for the year 2020 on the entire issued, subscribed and paid up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each. The interim dividend for the year 2020 will be paid on and from 20th November 2020 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 of 2nd November 2020.