Hindustan Unilever Shareholders Approve Key Director Appointments with 99%+ Majority

Hindustan Unilever Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving two critical board appointments. The company announced the results on January 6, 2026, confirming the appointment of Niranjan Gupta as Whole-time Director and Bobby Parikh as Independent Director, both for five-year terms.

Postal Ballot Results

The voting process, conducted entirely through electronic means from December 8, 2025, to January 6, 2026, witnessed strong shareholder participation and support:

Resolution	Appointee	Position	Votes in Favour	Votes Against	Approval Rate
Item 1	Niranjan Gupta	Whole-time Director	1,99,72,15,397	88,74,150	99.56%
Item 2	Bobby Parikh	Independent Director	1,99,77,70,900	83,22,030	99.58%

Key Appointments Confirmed

With shareholder approval secured, both appointments are now effective:

Position	Appointee	Designation	Term Period
Whole-time Director	Niranjan Gupta	Executive Director, Finance & CFO	November 1, 2025 to October 31, 2030
Independent Director	Bobby Parikh	Chairperson, Risk Management Committee	December 1, 2025 to November 30, 2030

Voting Process Details

The postal ballot process was conducted under the supervision of Mr. S.N. Viswanathan, Practicing Company Secretary, who served as the scrutinizer. Key highlights of the voting process include:

Parameter	Details
Total Members on Record Date	11,42,011
Valid Electronic Votes (Item 1)	2,00,60,89,547
Valid Electronic Votes (Item 2)	2,00,60,92,930
Voting Period	December 8, 2025 to January 6, 2026

Leadership Expertise and Remuneration

Niranjan Gupta brings 30 years of experience across FMCG, metals & mining, and automotive sectors. His total annual remuneration package is set at ₹12.80 crores, comprising fixed remuneration, performance-linked bonuses, and share grants.

Bobby Parikh, Managing Partner of Bobby Parikh Associates, contributes extensive expertise in strategic tax and regulatory services. He has been appointed as Chairperson of the Risk Management Committee and member of the Audit Committee.

Company Financial Position

To provide context for these strategic appointments, HUL's latest financial position shows:

Metric	Current Year (2025-03)	Previous Year (2024-03)	Change
Total Assets	₹78,313.00 crore	₹77,076.00 crore	+1.60%
Total Equity	₹49,153.00 crore	₹50,973.00 crore	-3.57%
Current Assets	₹20,899.00 crore	₹20,296.00 crore	+2.97%
Current Liabilities	₹15,672.00 crore	₹12,403.00 crore	+26.36%

These appointments represent a significant milestone in Hindustan Unilever's governance structure, with both directors bringing complementary expertise to guide the company through its next phase of growth and transformation in the evolving FMCG landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.93%	+1.79%	+2.19%	+0.47%	+0.12%	+0.53%

Hindustan Unilever Limited (HUL) has reported changes in its subsidiary, Kwality Walls (India) Limited, as part of an ongoing Scheme of Arrangement between the two companies. The changes include a reshuffling of the board and a relocation of the registered office.

Board Reconstitution

As part of the board reconstitution following the Scheme of Arrangement, three Non-Executive Directors have stepped down from their positions at Kwality Walls (India) Limited. The details of the resignations are as follows:

Director Name	Position	Effective Date
Navin Jain	Non-Executive Director	November 30, 2025
Vinita Nair	Non-Executive Director	November 30, 2025
Shalini Sinha	Non-Executive Director	November 30, 2025

These resignations mark a change in the company's leadership structure.

Office Relocation

In addition to the board changes, Kwality Walls (India) Limited has also announced a change in its registered office address. The details of the relocation are as follows:

Aspect	Old Address	New Address
Previous Location	Unilever House, B.D. Sawant Marg, Chakala, International Airport, Mumbai - 400099	-
New Location	-	13th Floor, Oberoi Commerz II, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon East, Mumbai - 400063
Effective Date	-	December 1, 2025

This move represents a shift from the Andheri area to Goregaon East, while remaining within Mumbai city limits.

Implications of the Changes

These developments at Kwality Walls (India) Limited are part of the broader Scheme of Arrangement between Hindustan Unilever Limited and Kwality Walls. The specific details of the scheme have not been disclosed in this update.

Investors and stakeholders of Hindustan Unilever Limited may want to monitor these developments. As always, it's advisable to consult with financial advisors before making any investment decisions based on this information.