Summary of the Proceedings of the NCLT convened Meeting of Equity Shareholders held on 12 August, 2025
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Hindustan Unilever held an NCLT-directed equity shareholders meeting on 12 August 2025 to vote on a Scheme of Arrangement between HUL, Kwality Wall's (India) Limited, and their respective shareholders. Out of 11,64,814 total shareholders on record, 143 attended via video conferencing (7 from promoter group, 136 from public). The resolution was approved with the requisite special majority as prescribed under Section 230(6) of the Companies Act. The meeting was chaired by Retd. Chief Justice Ferdino Rebello, with MD&CEO Priya Nair briefing shareholders on the scheme and CFO Ritesh Tiwari responding to queries.
Shareholder approval is a key milestone for the HUL–Kwality Wall's Scheme of Arrangement to move forward. The scheme now proceeds to the next stages of NCLT approval, and successful implementation will bring Kwality Wall's (India) Limited into HUL's fold, expanding its ice cream portfolio.