Hindustan Unilever Limited (HUL), a leading consumer goods company in India, has received approval from the National Company Law Tribunal (NCLT) for the demerger of its ice cream business. This significant corporate restructuring move marks a new chapter for the company's frozen dessert segment.

Key Details of the Demerger

The NCLT Mumbai Bench has sanctioned the Scheme of Arrangement for the demerger of HUL's Ice Cream Business Undertaking. This arrangement is between HUL and Kwality Wall's (India) Limited, along with their respective shareholders. The scheme falls under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Timeline and Implementation

• NCLT Order Date: 30th October, 2025
• Effective Date: First calendar date of the month following the fulfillment of conditions mentioned in Clause 20 of the Scheme
• Appointed Date: Same as the Effective Date

HUL has stated that it will inform the Stock Exchanges about the Effective Date in due course.

Impact on Shareholders

While this corporate action is significant, it's important to note that HUL continues to focus on shareholder value. In a separate announcement, the company declared an interim dividend:

This interim dividend will be paid to equity shareholders whose names appear in the Register of Members or in the records of the Depositories as beneficial owners on the Record Date.

Conclusion

The NCLT approval for HUL's ice cream business demerger represents a strategic move that could potentially streamline operations and create focused growth opportunities. Shareholders and market watchers will be keen to observe how this restructuring impacts the company's performance in the competitive consumer goods sector.

Hindustan Unilever Limited (HUL), a leading FMCG company in India, has announced a significant leadership change that will take effect in 2025. The company's current Managing Director & CEO, Rohit Jawa, will step down from his position on July 31, 2025. Priya Nair, currently serving as the President of Beauty & Wellbeing at Unilever, is set to take the helm as the new MD & CEO.

Key Details of the Transition

Rohit Jawa's Tenure

Rohit Jawa, who has been serving as MD & CEO since June 2023, cited his desire to pursue the next chapter in his personal and professional journey as the reason for his departure. During his tenure, Jawa oversaw:

• Implementation of the company's 'Aspire' strategy
• Focus on volume-led competitive growth

Priya Nair's Background

Priya Nair brings a wealth of experience to her new role:

• 30 years of experience with Unilever
• Started her career at HUL in 1995
• Currently oversees a €13.00 billion Beauty & Wellbeing portfolio
• Responsible for operations across more than 20 markets

Governance Process

The leadership transition has been carefully managed:

• Recommendation made by the Nomination and Remuneration Committee
• Approval granted by the HUL Board

This change in leadership comes at a time when Hindustan Unilever continues to maintain its strong position in the Indian FMCG market. The company recently held its earnings call for the quarter and half-year ended September 30, 2023, demonstrating its commitment to transparent communication with investors and stakeholders.

As Hindustan Unilever prepares for this transition, stakeholders will be watching closely to see how Priya Nair's leadership may shape the company's future strategies and market position in the competitive FMCG landscape.