Hindustan Unilever Limited (HUL), a leading FMCG company in India, has initiated a postal ballot process to seek shareholder approval for two significant appointments to its board. The company aims to appoint Niranjan Gupta as Whole-time Director and Bobby Parikh as Independent Director, both for a term of five years.

Key Appointments and Terms

Remuneration and Responsibilities

• Niranjan Gupta's Package: The total annual remuneration package for Niranjan Gupta is set at ₹12.80 crores.
• Bobby Parikh's Role: Appointed as Chairperson of the Risk Management Committee and member of the Audit Committee.

Voting Process

• E-voting Period: December 8, 2025 to January 6, 2026
• Method: Shareholders can cast their votes electronically during this period.

Company Financial Position

To provide context for these appointments, here's a snapshot of HUL's financial position based on the latest available balance sheet data:

The company's balance sheet shows a slight increase in total assets and current assets, while there's a notable increase in current liabilities. The total equity has seen a marginal decrease.

These appointments come at a time when Hindustan Unilever is maintaining a strong financial position, with a focus on strategic leadership to navigate the evolving FMCG landscape. The diverse expertise of the proposed directors is expected to contribute to the company's continued growth and governance.

Shareholders are encouraged to review the detailed postal ballot notice and exercise their voting rights within the specified period.

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:

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:

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.