Outcome of remote e-voting and e-voting at the NCLT convened Meeting of Equity Shareholders held on 12 August, 2025
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Hindustan Unilever Limited (HUL) held an NCLT-convened meeting of equity shareholders on 12 August 2025 to vote on a Scheme of Arrangement between HUL, Kwality Wall's (India) Limited (KWIL), and their respective shareholders. The resolution was passed with overwhelming approval — 99.9979% of votes polled (over 200.55 crore shares) were in favour, with only 41,763 shares (0.0021%) voted against. The promoter group (Unilever) and public institutions voted 100% in favour, while public non-institutions voted 97.97% in favour. A total of 2,00,55,70,729 shares were polled, representing about 85.36% of outstanding shares, well above the three-fourths majority required under Section 230(6) of the Companies Act, 2013.
Shareholders have cleared the proposed Scheme of Arrangement with Kwality Wall's (India) Limited at the NCLT stage. The scheme still requires final NCLT sanction and other regulatory approvals before becoming effective, but the shareholder vote removes a key hurdle. This is a positive procedural milestone; further details on the deal structure (acquisition, merger, or demerger) are awaited.