Kwality Wall's (India) Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
KWIL · price
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Kwality Wall's (India) Limited has informed the exchanges that its promoter and promoter group, led by Unilever Plc along with other promoter entities, together received 1,45,44,12,858 equity shares (approximately 145.44 crore shares) through an allotment on December 12, 2025. This allotment happened as part of the Scheme of Arrangement for the demerger of the Ice Cream Business Undertaking from Hindustan Unilever Limited into Kwality Wall's (India) Limited, approved by the NCLT Mumbai Bench on October 30, 2025, with a rectification order on November 6, 2025. The equity shares of Kwality Wall's were listed and began trading on February 16, 2026. Post the allotment, the promoter group collectively holds 61.90% of the total share capital of the company. This disclosure is being filed under Regulation 10(6) of SEBI's Takeover Regulations, as the allotment qualifies for an exemption from making an open offer under Regulation 10(1)(d)(ii).
This filing establishes the promoter group's controlling 61.90% stake in the newly listed Kwality Wall's (India) Limited, reflecting its origin as a demerged entity from HUL's ice cream business. For shareholders, this means Unilever group retains majority ownership and control, making this fundamentally a newly listed stock where promoter stability is structurally strong.