Hindustan Unilever Limited has provided a material update regarding its ongoing scheme of arrangement with Kwality Wall's (India) Limited (KWIL), following regulatory requirements from stock exchanges. The disclosure, dated December 30, 2025, addresses observation letters received from both NSE and BSE in May 2025.

Regulatory Compliance and Disclosure Requirements

The update comes in response to observation letters issued by the National Stock Exchange of India Limited and BSE Limited on May 14, 2025. These letters require HUL to continuously disclose material information about KWIL to the stock exchanges as part of the scheme of arrangement process.

The disclosure is made under:

• Regulation 30 and Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• Sections 230 to 232 of the Companies Act, 2013

Internal Auditor Appointment at KWIL

Kwality Wall's (India) Limited's Board of Directors approved the appointment of Mr. Rohit Jhunjhunwala as Internal Auditor during their meeting held on December 30, 2025. The appointment details are as follows:

Professional Background and Expertise

Mr. Rohit Jhunjhunwala brings extensive experience to his new role as Internal Auditor. His professional background includes:

• Foundation Experience: Strong tenure with KPMG and Deloitte
• Qualification: Chartered Accountant
• Unilever Experience: 10 years in various critical roles
• Specialized Areas: Audit, M&A, Business and Operational Finance, Risk Management

Key Roles at Unilever Group

Corporate Structure and Demerger Process

The appointment comes as part of the ongoing scheme of arrangement between Hindustan Unilever Limited and Kwality Wall's (India) Limited. Mr. Jhunjhunwala played a pivotal role in establishing KWIL as part of the demerger process and subsequently transitioned to the newly demerged entity.

Kwality Wall's (India) Limited operates as a separate entity with:

• Registered Office: 13th Floor, Oberoi Commerz II, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon East, Mumbai 400 063
• CIN: U10505MH2025PLC437886
• Website: www.kwalitywallsindia.com

Governance and Compliance Framework

The appointment strengthens KWIL's governance framework as the company establishes its independent operations. Mr. Jhunjhunwala's combined expertise in audit, risk management, and business finance positions him to drive strong governance, assurance, and sustained value creation for the organization.

The disclosure was signed by Chitrank Goel, Additional Director designated as Deputy Managing Director of KWIL, and communicated to Hindustan Unilever Limited as part of the continuous disclosure requirements under the scheme of arrangement.

Hindustan Unilever Limited has successfully completed the second tranche of its strategic investment in Transition Sustainable Energy Services One Private Limited (SPV), further strengthening its position in the sustainable energy sector. The FMCG major announced the completion of this acquisition through a regulatory filing.

Investment Details

The company's latest investment demonstrates its continued commitment to sustainable energy initiatives. The key parameters of this acquisition are outlined below:

Strategic Context

This acquisition represents the second tranche of Hindustan Unilever's investment in the SPV, following the initial acquisition of 22.33% stake. The investment was executed in accordance with the terms and conditions outlined in the Transaction Documents.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The acquisition was formally communicated to both BSE Limited and the National Stock Exchange of India Limited through proper regulatory channels.

Financial Impact

The total consideration for the second tranche acquisition amounts to ₹10,26,37,440, representing a significant investment in the sustainable energy sector. This strategic move aligns with the company's broader sustainability objectives and demonstrates its commitment to expanding its presence in renewable energy services.

The completion of this acquisition marks another milestone in Hindustan Unilever's diversification strategy, as the company continues to explore opportunities beyond its traditional FMCG operations while maintaining its focus on sustainable business practices.