Hindustan Unilever Limited has informed stock exchanges about a material update concerning its Scheme of Arrangement with Kwality Wall's (India) Limited, along with a key senior management appointment at the subsidiary company.

Regulatory Disclosure and Compliance

The disclosure was made on February 9, 2026, following communication from Kwality Wall's (India) Limited dated February 8, 2026. This update addresses requirements outlined in observation letters issued by both the National Stock Exchange of India Limited and BSE Limited on May 14, 2025.

The disclosure complies with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, requiring HUL to provide continuous disclosure of material information about Kwality Wall's to the stock exchanges.

Senior Management Appointment at Kwality Wall's

Kwality Wall's (India) Limited has appointed Vivek Sarbhai as Head of Supply Chain - India and designated him as Senior Managerial Personnel effective February 7, 2026. This appointment represents a strategic addition to the company's leadership team as it progresses with the ongoing scheme of arrangement.

Professional Background and Qualifications

Vivek Sarbhai brings extensive industry experience to his new role at Kwality Wall's. He holds a bachelor's degree in chemical engineering from H.B.T.I Kanpur and a master's degree in industrial engineering from IIM Mumbai, previously known as NITIE.

His professional experience spans over 33 years across multiple sectors including FMCG, Healthcare, and Logistics. Prior to joining Kwality Wall's, Sarbhai served as Senior Director Supply Chain with Thermo Fisher Scientific India Pvt. Ltd. He also held the position of Director Customer Service & Logistics - Middle East & Africa with Mondelez Middle East & Africa FZE in Dubai.

Functional Expertise

Throughout his career, Sarbhai has handled diverse functions including:

• Procurement operations
• Customer Service & Logistics management
• Sales operations
• Supply chain optimization

This comprehensive experience positions him well to lead supply chain operations for Kwality Wall's as the company continues its integration process under the scheme of arrangement with Hindustan Unilever Limited.

Hindustan Unilever has received a substantial acquisition disclosure from Life Insurance Corporation of India (LIC), India's largest life insurer, under SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011. The disclosure, dated January 19, 2026, reveals LIC's increased investment in the FMCG major through systematic open market purchases.

Shareholding Details

LIC's strategic acquisition has resulted in a notable increase in its stake in Hindustan Unilever. The insurance corporation has crossed the significant 5% threshold, triggering mandatory regulatory disclosure requirements.

Transaction Overview

The acquisition involved the purchase of 4,71,90,691 shares, representing 2.01% of Hindustan Unilever's total voting capital. LIC executed these transactions exclusively through open market purchases, demonstrating a systematic approach to building its position in the consumer goods company.

Key Transaction Details:

• Acquisition Period: March 23, 2022 to January 16, 2026
• Mode of Purchase: Open market transactions
• Stock Exchanges: NSE and BSE
• Promoter Status: LIC does not belong to the promoter group

Regulatory Compliance

LIC has fulfilled its regulatory obligations by submitting the required disclosure format under Regulation 29(2) of SEBI regulations. The disclosure was simultaneously sent to both major stock exchanges where Hindustan Unilever shares are listed - NSE and BSE.

The company's total equity share capital remained unchanged at ₹234.96 crores throughout the acquisition period, indicating that LIC's purchases were from existing shareholders in the secondary market rather than through any fresh equity issuance.

Investment Significance

This substantial acquisition reflects LIC's investment strategy and confidence in Hindustan Unilever's long-term prospects. The systematic nature of the purchases, spread over nearly four years, suggests a deliberate portfolio building exercise rather than opportunistic trading. LIC's increased stake positions it as a significant institutional investor in one of India's most established consumer goods companies.