Nestle India on Friday declared a special dividend of Rs 2 per equity share of face value Re 1 each, according to a stock exchange filing.
Nestle India shares were trading at Rs 1,456.90, up Rs 10.70 or 0.74%, on the BSE at 10:31 am following the announcement.
The company said the special dividend will be paid on its entire issued, subscribed and paid-up equity share capital comprising 1,928,314,320 equity shares. The payout will be made out of the company's retained earnings.
As of March 31, 2026, Nestle India's standalone audited financial statements showed retained earnings of Rs 51,070.7 million.
The company said the special dividend will be paid from the balance of Rs 7,410.1 million that was reclassified to retained earnings under the Scheme of Arrangement approved by the National Company Law Tribunal (NCLT). The filing noted that Rs 964.2 million from the reclassified amount had already been capitalised through the issuance of 1:1 bonus equity shares in August 2025.
The filing said the special dividend "shall be paid on and from 30th July 2026," along with the final dividend for FY26, which has been recommended by the board and is subject to shareholders' approval at the company's 67th Annual General Meeting scheduled for July 3, 2026.
Shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as of the record date of July 10, 2026, will be eligible to receive the dividend, the company said.
The board meeting to approve the special dividend commenced at 9:30 am and concluded at 9:42 am, according to the filing.