
Hindustan Unilever Limited (HUL) has released details regarding the allotment of shares of Kwality Wall’s India Limited (KWIL) following the demerger of its ice cream business, as per exchange filings. The move marks a key restructuring update for existing shareholders.
As per the approved scheme, eligible shareholders of Hindustan Unilever Limited will receive 1 KWIL equity share for every 1 share held in Hindustan Unilever as of the record date December 5, 2025. The shares being issued carry a face value of ₹1 each and will be fully paid up in dematerialised format only.
The scheme became effective on December 1, 2025, following approval by the National Company Law Tribunal. The allotment is expected to be completed on or before December 29, 2025.
Shareholders holding shares in demat format are not required to take action. Their KWIL shares will be credited directly once allotted, provided KYC details are updated.
Those holding physical certificates must ensure updated KYC details and submit demat account information at least 7 days before the record date to receive shares. Shares will not be issued in physical form. If details are incomplete, the allotted KWIL shares will remain in a suspense account until compliance is completed.
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As per regulatory guidelines, listing and trading of KWIL shares are expected within 60 days from receipt of the tribunal order. Further updates will be communicated directly to shareholders and stock exchanges.
Issued KWIL shares will rank equally with existing shares, including dividend eligibility. For shares already transferred to the Investor Education Protection Fund, corresponding KWIL shares will also be held with the authority and must be claimed separately.
As of December 1, 2025, at 9:19 AM, Hindustan Unilever share price on NSE was trading at ₹2,478.80 up by 0.49% from the previous closing price.
The demerger process marks a transition for Hindustan Unilever shareholders as the Kwality Wall’s ice cream portfolio is now transferred under the newly listed entity. The upcoming allotment and listing steps are expected to be completed within regulatory timelines.
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Published on: Dec 1, 2025, 11:08 AM IST

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