Hindustan Unilever Limited (HUL) has announced significant developments in its demerger scheme with Kwality Wall's (India) Limited (KWIL). The company has set key dates for the implementation of the scheme and made important board appointments.

Scheme Implementation Timeline

HUL's Board of Directors has confirmed that the Scheme of Arrangement between HUL and KWIL will become effective from December 1, 2025. This date marks the first calendar day of the month following the completion of all conditions specified in Clause 20 of the Scheme.

Key dates for the demerger process include:

The Record Date is set for determining eligible HUL shareholders who will receive KWIL shares. The share entitlement ratio is 1:1, meaning shareholders will receive one equity share of KWIL (face value Re. 1) for every one equity share held in HUL (face value Re. 1).

Board Appointments and Changes

In addition to the demerger updates, HUL has made significant changes to its board:

1. Ritesh Tiwari: Appointed as an Additional Non-Executive Director of KWIL, effective November 17, 2025. Mr. Tiwari, currently the Global Head M&A, Treasury and Ventures of Unilever PLC, brings extensive experience in finance leadership across global markets.

2. Bobby Parikh: Appointed as an Independent Director on HUL's Board for a five-year term, from December 1, 2025, to November 30, 2030. Mr. Parikh will also serve as the Chairman of the Risk Management Committee and a member of the Audit Committee.

Expert Commentary

Nitin Paranjpe, Non-Executive Chairman of HUL, commented on Bobby Parikh's appointment: "We are delighted to welcome Bobby to the HUL Board as an Independent Director. His experience, combined with expertise in financial strategy and regulatory frameworks, has helped organisations steer complex transformative business changes. We look forward to his insights and contributions in the Company's next phase of growth."

Mr. Parikh expressed his thoughts on joining HUL's board: "It is an honour to join the Board of Hindustan Unilever Limited, a company that has set benchmarks in corporate governance and responsible business. I look forward to working with my fellow Board members and the leadership team to help steer HUL through new opportunities and challenges."

These developments signify HUL's strategic moves in restructuring its business and strengthening its governance structure as it prepares for the next phase of growth in the Indian market.

Hindustan Unilever Limited (HUL), a leading FMCG company in India, has announced a significant addition to its board. Bobby Parikh, a seasoned financial advisor and corporate governance expert, has been appointed as an Independent Director for a five-year term, commencing from December 1, 2025, to November 30, 2030. This appointment, subject to shareholder approval, marks a strategic move by HUL to enhance its leadership team.

Key Highlights of the Appointment

• Term: Five consecutive years from December 1, 2025, to November 30, 2030
• Additional Roles:
  • Chairman of the Risk Management Committee
  • Member of the Audit Committee

Bobby Parikh's Profile

Bobby Parikh brings a wealth of experience to HUL's board:

• Expertise: Strategic advisory, financial strategy, and regulatory frameworks
• Current Positions: Holds directorships in notable companies including Infosys, Biocon, and Indostar Capital
• Past Leadership Roles:
  • Co-founder of BMR Advisors
  • CEO of Ernst & Young India
  • Country Managing Partner at Arthur Andersen
• Educational Background: Commerce graduate from the University of Mumbai and a qualified Chartered Accountant

Board's Perspective

Nitin Paranjpe, Non-Executive Chairman of HUL, expressed enthusiasm about the appointment:

"We are delighted to welcome Bobby to the HUL Board as an Independent Director. His experience, combined with expertise in financial strategy and regulatory frameworks, has helped organisations steer complex transformative business changes. We look forward to his insights and contributions in the Company's next phase of growth."

Parikh's Vision

Upon his appointment, Bobby Parikh stated:

"It is an honour to join the Board of Hindustan Unilever Limited, a company that has set benchmarks in corporate governance and responsible business. I look forward to working with my fellow Board members and the leadership team to help steer HUL through new opportunities and challenges."

Corporate Governance Implications

This appointment underscores HUL's commitment to strengthening its corporate governance framework. Parikh's extensive experience in guiding businesses through transformations and his expertise in financial strategy are expected to bring valuable insights to HUL's board deliberations.

Conclusion

Bobby Parikh's appointment as an Independent Director at Hindustan Unilever Limited represents a strategic move to enhance the company's leadership and governance structure. With his diverse experience and expertise, Parikh is well-positioned to contribute to HUL's future growth strategies and navigate the challenges in the ever-evolving FMCG sector.