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Nestle India's stock surges over 10% after FSSAI-approved lab finds Maggi safe

Gujarat, however, extended the ban on Maggi for one more month, for the third straight month.

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Shares of Nestle India rose sharply by over 10% today before settling at Rs 6,840 a piece, up 7.66% at 1529 hours, after FSSAI-approved laboratory Central Food Technological Research Institute (CFTRI) found Maggi noodles in compliance with the country's food safety standards. 

On NSE, the stock rose 10.19% to Rs 6,998. 

CFTRI had tested five samples sent by the Goa Food and Drug Administration (FDA) when Maggi was banned in June in the wake of findings in Uttar Pradesh and other states that the instant noodles brand had lead levels beyond permissible limits. 

"The CFTRI finding shows that samples are in compliance with the food safety standards as per the Food Safety and Standards Rules, 2011," Goa FDA Director Salim A Veljee told
PTI.

In June this year, Nestle had to take Maggi off the shelves after a few states decided to ban the noodles. FSSAI had also banned Maggi instant noodles terming them "unsafe and
hazardous" for human consumption. 

Gujarat, however, has extended the ban of Maggi noodles in the state for one more month, for a third time in a row as its manufacturer Nestle did not furnish any safety data for the product.

"We have extended ban (on Maggi) for one more month as the company (Nestle) has not furnished any safety data for that product (Maggi), as per the Food Safety Standard Act and the rules regulations thereunder," Gujarat Food and Drug Control Authority Commissioner H G Koshia told PTI, when asked about extension of ban on Maggi noodles.

"Once the report was given that the product (Maggi) was unsafe, we served notice to the company (Nestle) seeking their report on products as we found 28 samples unsafe in Gujarat," Koshia said.

"Till date the company (Nestle) is only furnishing their day-to-day recall saying by now they have recalled 471 tonnes of Maggi from Gujarat," he said.

"But that is not full compliance, they must establish safety of the product and they have failed to do so, that is why we have extended ban for one month," he said.

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