In a stock exchange filing, Nestle India revealed it received the penalty order under Section 28 (4) in conjunction with Section 28AA of the Customs Act. Despite the company's efforts to challenge the ruling, it was ultimately in favor of the Revenue Department. Nestle stated, "There is no material impact on financials, operations, or other activities of the company due to the aforementioned order. We will explore various options to contest the order." The company's shares closed at Rs 2,240.10 each on the Bombay Stock Exchange (BSE) on Wednesday. In an unrelated matter, the Securities and Exchange Board of India (SEBI) recently issued a warning to Nestle India concerning a potential breach of insider trading regulations by a senior executive. The market regulator communicated this warning to Nestle India's Compliance Officer via its Deputy General Manager. Nestle confirmed in a stock exchange filing that it received SEBI's notice on March 6, 2025.