Hindustan Unilever Limited Demerger - Key Points for Investors

Market Announcements 📢
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Hi Traders :waving_hand:

Hindustan Unilever Limited (HINDUNILVR) has announced a Scheme of Arrangement between Hindustan Unilever Limited and Kwality Wall’s (India) Limited.

As per the scheme, 1 (one) fully paid-up equity share of Kwality Wall’s (India) Limited will be issued for every 1 (one) fully paid-up equity share of Hindustan Unilever Limited held as on the record date.

Example: If you hold 100 shares of Hindustan Unilever Limited, you will receive 100 shares of Kwality Wall’s (India) Limited.

Kwality Wall’s (India) Limited is a new company formed through this demerger and is currently unlisted. Once the shares are credited to your Demat account, they will appear under the Unlisted section of your portfolio. Trading will begin once the company lists on the exchanges.

Impact on Derivatives (F&O)

Detail Action / Impact Effective Date
Margin & Collateral Collateral margin haircut of 12.5% will apply on HINDUNILVR positions. Monday, 01 Dec 2025
Early Expiry All open HINDUNILVR F&O contracts (from Dec till Feb expiries) will expire early and be physically settled. Thursday, 04 Dec 2025
New Position Restriction NRML / MIS order type will be blocked. Only Futures in MIS will be allowed for trading. Thursday, 04 Dec 2025
Square-off Policy Positions with insufficient margin or holdings may be squared off after 10 AM as per Dhan’s RMS policy. Thursday, 04 Dec 2025
Fresh Contracts New HINDUNILVR F&O contracts (from Dec till Feb expiries) will be introduced again post-demerger. Friday, 05 Dec 2025

Special Pre-Open Session (SPOS)

A Special Pre-Open Call Auction will be conducted for HINDUNILVR on Friday, 05 Dec 2025 (9 AM – 10 AM) to determine the post-demerger opening price.

Based on the discovered price, new option strikes will be introduced - five in-the-money, one at-the-money, and five out-of-the-money.

The Clearing Corporation will announce the final settlement and price-adjustment methodology separately.
Refer to the official NSE circular here for complete details.

Refer to the official NSE circular here for complete details.

Regards,
Team Dhan

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I have bought 2 shares but untill now I dnt recived any additional shares

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Hi @Mohammed_Muneer, Welcome To MadeForTrade!

Please note that Kwality Wall’s (India) Limited (Resulting Company) is not yet listed, it generally takes 30-45 days, once listed it will appear in your portfolio. you may read more here

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@Mohseen_Usmani Shouldn’t the Kwality Wall’s shares show in the “Unlisted“ section?

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Hello @Mohseen_Usmani Any responses? I believe “Unlisted“ section is there specially for such scenarios right. Why isn’t Kwality Walls showing up in the “Unlisted“ section?

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Hi @nitishbangera, Sorry for missing this earlier.

The Unlisted section only shows securities that are already available in your demat account. In the case of Kwality Walls, the new entity has not yet been credited to demat due to the demerger process.

Once the shares are credited, they will automatically reflect there.

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@Mohseen_Usmani Thank you for the response but during Tata Motors demerger, I had an intimation of TATA Motors CV on 14th Oct but it wasn’t shown in the Unlisted Section. I will notify once I have the intimation for Kwality Walls from CDSL so that I get to see it in the Unlisted Section.

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@Mohseen_Usmani I confirm that Kwality Walls shares are getting shown in the Unlisted section now after receiving the intimation from CDSL yesterday in the evening.

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