Nestle India Receives Multiple GST Orders Totaling Over ₹17 Crores

Nestle India Limited , a prominent player in the Indian food and beverage industry, has received multiple GST orders from different tax authorities. The company has disclosed receiving orders from both Chennai and Rudrapur offices, covering different periods and amounts.

Chennai GST Order (2018-23 Period)

The order from the Office of the Commissioner of GST and Central Excise, Chennai, covers the tax period from 2018 to 2023 and includes the following components:

Component:	Amount (₹)
Tax Demand:	8,28,36,108
Penalty:	8,28,36,108
Total:	16,56,72,216

In addition to the above amounts, the Chennai order also includes applicable interest, which is yet to be quantified.

Latest Rudrapur GST Order

The company has received a fresh order from the Office of the Assistant Commissioner, Central GST Division, Rudrapur, Commissionerate-Dehradun, dated December 11, 2025. This order was passed under Section 74 of the Central Goods and Services Tax Act and includes:

Component:	Amount (₹)
Tax Demand:	66,60,359
Penalty:	66,60,359
Applicable Interest:	To be determined
Total (excluding interest):	1,33,20,718

Company's Response

Nestle India has stated that both GST orders do not have a material impact on its financials or operations. The company has indicated that it will explore various options to challenge both orders. This approach is common in such cases, where companies often seek legal recourse or engage in discussions with tax authorities to resolve disputes.

Regulatory Compliance

The company has promptly disclosed both orders in compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency demonstrates the company's commitment to maintaining investor trust and adhering to regulatory standards.

Investor Implications

While the combined GST demands are substantial, totaling over ₹17 crores excluding interest, Nestle India's statement regarding the lack of material impact on its financials should provide reassurance to investors. However, stakeholders should monitor further developments as the resolution of these matters could have implications for the company's financial statements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.25%	+2.03%	-0.75%	+6.49%	+16.28%	+35.70%

Nestle India , a leading player in the Indian food and beverage industry, has announced a significant change to its board of directors. The company's Board has approved the appointment of Mandeep Chhatwal as an Additional Director (Non-Executive) effective January 1, 2026, subject to shareholder approval.

Key Appointment Details

Aspect	Details
Appointee	Mandeep Chhatwal
Position	Additional Director (Non-Executive)
Effective Date	January 1, 2026
Approval Status	Subject to shareholder approval
DIN	11387157

Professional Background

Mandeep Chhatwal brings a wealth of experience to Nestle India's board. Here are some highlights of his career:

Over 30 years of experience in the finance sector
Currently serves as Chief Financial Officer (CFO) for Zone Asia, Oceania & Africa (AOA) at Nestle's global headquarters in Vevey, Switzerland
Previous roles at Nestle include:
- CFO of Nestle Sri Lanka
- Global Head of Financial Services
- Head of Corporate Finance & Deputy Treasurer
- CFO of Nestle Philippines

Nestle India Connection

Chhatwal's appointment marks a return to Nestle India, where he began his career in 1989. During his initial tenure from 1989 to 2004, he developed his financial capabilities across both factory and sales operations before transitioning to other markets within the Nestle Group.

Current Responsibilities

In his current role, which he has held since 2021, Chhatwal oversees the finance function across 112 countries. His responsibilities include:

Spearheading strategy
Managing performance
Overseeing financial governance in one of the Group's most diverse regions

Educational Background

Chhatwal holds a Master's degree in Business Administration from IIM Ahmedabad, further solidifying his credentials for this new role.

Board Dynamics

The appointment was made on the recommendation of Nestle India's Nomination and Remuneration Committee. Chhatwal is not related to any existing director of the company, ensuring an independent perspective on the board.

This strategic appointment aligns with Nestle India's commitment to strengthening its leadership team with experienced professionals. Chhatwal's extensive background in finance and his global experience within the Nestle Group are expected to bring valuable insights to Nestle India's board as the company continues to navigate the dynamic Indian market.