Hindustan Unilever Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on August 12, 2025
HINDUNILVR · price
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HUL has sent out the official notice for a court-convened meeting of its equity shareholders, scheduled for Tuesday, August 12, 2025 at 11:00 AM (IST) via video conferencing. The meeting is being held as directed by the NCLT Mumbai Bench to seek shareholder approval for the demerger of HUL's Ice Cream Business Undertaking into Kwality Wall's (India) Limited (KWIL), a wholly owned subsidiary incorporated on January 10, 2025. Under the scheme, HUL shareholders will receive equity shares of KWIL in accordance with the Share Entitlement Ratio determined by Deloitte India Valuation LLP, with a fairness opinion from Kotak Mahindra Capital. The demerger will spin off iconic brands like Kwality Wall's, Cornetto, and Magnum into a new independent listed ice cream company. Both BSE and NSE have already issued their observation letters (no objections) dated May 14, 2025, and the Board approved the scheme on January 22, 2025.
If approved, HUL shareholders will directly receive shares of the newly listed ice cream entity KWIL, effectively separating the ice cream business from HUL's main portfolio. The stock may see movement as the demerger moves closer to completion, but the actual share entitlement ratio and listing timeline for KWIL will be key details investors should watch for.