Hindustan Unilever Limited (HUL) has issued an important update regarding its Scheme of Arrangement with Kwality Wall’s (India) Limited (KWIL).
This scheme of arrangement has been sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. As part of the scheme timelines, the arrangement will become effective soon after statutory filings by both companies.
As communicated by KWIL, the Effective Date of the scheme is expected to be 1 December 2025, which will also act as the Appointed Date for the arrangement.
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Here’s what it means for shareholders
Record Date: 5 December 2025 (subject to approval by the Board of HUL)
Share Entitlement Ratio:
- 1 equity share of face value Re. 1 fully paid-up in Kwality Wall’s (India) Limited
for every 1 equity share of face value Re. 1 fully paid-up held in HUL
For example, if you hold 500 shares of HUL as on the record date, you will receive 500 shares of KWIL.
Any fractional entitlement, if applicable, will be adjusted as per the terms of the scheme.
The resulting company, Kwality Wall’s (India) Limited, will issue shares to eligible shareholders and complete listing procedures thereafter. Until listing is completed, these shares will appear under the unlisted section of your demat account.
The average buy price of your HUL holdings will be updated after the company announces the Cost of Acquisition (COA) for shareholders following the demerger.