Nestle India Limited confirmed its participation in the JP Morgan India Conference on September 21, 2026. The company issued an update to stock exchanges stating that no unpublished price-sensitive information was shared during the meet.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation dated September 15, 2026, which had scheduled the event.

Conference Details

Compliance Statement

Nestle India explicitly stated that no unpublished price-sensitive information (UPSI) was shared or discussed during the interaction. This assurance aligns with standard regulatory requirements for investor meetings. The intimation was uploaded to the company's website and signed by Pramod Kumar Rai, Company Secretary and Compliance Officer, on September 21, 2026.

Nestle India Limited received an order-in-appeal from the Tamil Nadu GST department on September 9, 2026, confirming a reduced penalty of ₹12.97 lakh and a tax liability of ₹1.30 crore for the period FY17-20.

The Principal Commissioner of GST and Central Excise (Appeals – II) in Chennai partially allowed the company’s appeal under Section 73 of the Central Goods and Services Tax Act, 2017.

Order Details

The appellate authority confirmed the following financial obligations:

The order addresses the tax period spanning fiscal years 2017 through 2020. The company had previously notified the stock exchanges about the initial order from the GST Department in December 2023.

Company Response

Nestle India stated that the order has no material impact on its financials or operations. The company intends to explore various options to challenge the appellate authority’s decision.

What the Numbers Show

The reduction in penalty and tax liability indicates a partial success in the company’s legal defense against the original assessment. The total confirmed monetary obligation remains relatively small compared to the company’s overall scale, aligning with management’s assertion of no material financial impact.