Nestle India Limited confirmed that no unpublished price-sensitive information was shared during a one-on-one meeting with an institutional investor in Mumbai on August 31, 2026. The disclosure was made to comply with regulatory requirements.

The company issued the update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing follows a previous communication dated August 24, 2026, regarding the scheduled interaction.

Disclosure Details

The meeting concluded without any exchange of material non-public data. Nestle India uploaded the intimation to its corporate website for public record. Pramod Kumar Rai, the Company Secretary and Compliance Officer, signed the disclosure document.

This routine regulatory filing ensures transparency with market participants and maintains compliance with listing norms.

Nestle India Limited has acquired a 26% equity stake in Radiance KA Sunshine Seven Private Limited for ₹7.61 crore. The transaction, executed on August 27, 2026, aims to establish a captive renewable energy plant for one of its manufacturing facilities.

The move aligns with the company’s sustainability objectives and ensures compliance with Indian electricity regulations for "captive users." The acquisition is funded through internal accruals.

Transaction Details

Nestle subscribed to 76,12,500 equity shares of face value ₹10 each at par. This brings its post-acquisition holding to 26% on a fully diluted basis. The agreement mandates completion within 30 days of execution or by a mutually agreed date.

Target Entity Profile

Radiance KA, a wholly owned subsidiary of Radiance Renewables Private Limited, operates in the generation and sale of renewable energy. Incorporated on August 2, 2021, it owns and operates a 17.5 MW AC / 26.25 MWp DC solar power plant in Koppal, Karnataka.

Financial Performance

Radiance KA reported a turnover of ₹15.8 crore for the financial year ended March 31, 2026. Its revenue has remained relatively stable over the past three years:

• FY24: ₹17.09 crore
• FY25: ₹15.76 crore
• FY26: ₹15.8 crore

What the Numbers Show

The acquisition price of ₹7.61 crore for a 26% stake implies a total post-money valuation of approximately ₹29.27 crore for Radiance KA. This valuation is roughly 1.85 times the target's FY26 turnover of ₹15.8 crore, reflecting the strategic premium for captive renewable energy capacity rather than pure financial yield.