HUL‍‌‍‍‌‍‌‍‍‌ Records December 5 as Date for 1:1 Share Issue Following Kwality Wall’s Demerger; Scheme to Take Effect from December 1

Mumbai, November 19: Hindustan Unilever Limited has set out the main features for the execution of its Scheme of Arrangement with Kwality Wall’s (India) Limited (KWIL) by the way of a demerger, making December 1 the date for the Effect and Appointed Date and December 5 the Record Date for share entitlement. The company news came after the National Company Law Tribunal’s sanctioning order for the demerger was received and noted.

Effective Date Confirmed as December 1

HUL’s Board of Directors observed that all the prerequisites for the implementation of the Scheme were met, inter alia, the submission of the certified copies of the tribunal orders to the Registrar of Companies. The Scheme, therefore, will take effect on December 1, 2025. The date will also be the Appointed Date for the transfer of the ice-cream business of Kwality Wall’s to the newly incorporated KWIL.

Record Date Set for Share Entitlement

The company set Friday, December 5, 2025, as the Record Date to identify the shareholders entitled to receive the equity shares of KWIL. As per the granted share entitlement ratio, shareholders of HUL will obtain:

One equity share of KWIL (with a face value of ₹1 each) for each equity share held in HUL (face value of ₹1 each).

The Board of Directors at KWIL has also endorsed this Record Date.

Stock Market Performance

After the news the stock saw a positive reaction from the market, with the shares of HUL trading up by 1.64% at ₹2,443.40 at 10:47 am IST.

Corporate Update of Kwality Wall’s (India) Limited

KWIL was communicating to HUL about more changes related to their Scheme. During a Board meeting held on November 17, 2025, the company took the following decision:

Additional Director Appointment

KWIL decided to appoint Ritesh Tiwari as an Additional Director (Non-Executive) starting from November 17, 2025. His period of office will be until the next Annual General Meeting.

About the Director

The attachment states that Tiwari is the Global Head of M&A, Treasury, and Ventures at Unilever PLC. He has been CFO of HUL, Global Category Finance Director, besides holding leadership roles in India, the UK, and Singapore. The profile points to his strong involvement in digital transformation, simplification, and high-impact financial leadership.

HUL is a leading FMCG company in India with a portfolio of products/services in Home Care, Beauty and Personal Care, and Foods and Refreshments Divisions. The company trades on BSE and NSE with the ticker ‍‌‍‍‌‍‌‍‍‌HINDUNILVR.

REF: https://nsearchives.nseindia.com/corporate/HINDUNILVR_18112025175401_SEIntimationRecordDate18112025signed.pdf

https://nsearchives.nseindia.com/corporate/HINDUNILVR_18112025181853_HULKWILSEIntimationsigned.pdf

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