Kwality Walls (India) Limited (KWIL), a leading ice cream and frozen desserts company in India, has announced the formation of its Board of Directors as it prepares for its demerger from Hindustan Unilever Limited (HUL). The strategic move, set to take effect on December 1, 2025, marks a significant milestone for KWIL as it transitions into an independent listed entity.

Board Composition

The newly constituted board comprises seven members, bringing together a diverse mix of experience and expertise. Here's a breakdown of the appointments:

Key Appointments

Executive Directors

1. Chitranj Goel: Appointed as Deputy Managing Director
2. Prashant Premrajka: Appointed as Chief Financial Officer (CFO)

Non-Executive Director

• Ritesh Tiwari: Currently serves as the Global Head of M&A, Treasury and Ventures at Unilever PLC

Independent Directors

• Ravi Pisharody
• Madhavan Hariharan
• JV Raman
• Shukla Wassan

Strategic Implications

The formation of this board is a crucial step in KWIL's journey towards becoming an independent entity. By bringing together seasoned professionals with diverse backgrounds in consumer goods, finance, governance, and strategic management, KWIL is positioning itself for focused growth in the ice cream market.

About Kwality Walls (India) Limited

KWIL is known for its portfolio of ice cream brands, including Kwality Walls, Magnum, and Cornetto. The company's demerger from Hindustan Unilever is expected to allow for more focused operations and quicker response to market dynamics in the ice cream category.

Effective Date

The new board structure and KWIL's independent operations are set to commence on December 1, 2025. Following this, the company is expected to be listed on India's major stock exchanges, although the exact listing date has not been disclosed.

This strategic restructuring sets the stage for KWIL to leverage its brand presence and distribution network as a standalone entity in India's ice cream market.

Hindustan Unilever Limited (HUL), a leading FMCG company in India, has announced a significant corporate action regarding its ice-cream business. The company has set December 5, 2025, as the record date for the demerger of its ice-cream business to Kwality Walls (India) Limited (KWIL), following approval from the National Company Law Tribunal (NCLT).

Key Details of the Demerger

Implications for Shareholders

The demerger represents a strategic move by HUL to separate its ice-cream business into a distinct entity. Shareholders of HUL will receive shares in the newly formed Kwality Walls (India) Limited on a one-to-one basis. This means for every share of HUL held, shareholders will receive one share of KWIL.

It's important to note that KWIL shares will be allotted only in dematerialized form. Shareholders holding physical shares of HUL are required to ensure their KYC (Know Your Customer) compliance is up to date to receive the new shares.

Recent Corporate Activities

In addition to this demerger announcement, HUL has been actively engaging with the investment community. As per a recent LODR filing dated November 21, 2025, the company plans to participate in the Goldman Sachs India Consumer Forum 2025, scheduled for November 27, 2025. This virtual conference provides an opportunity for HUL to interact with analysts and institutional investors, potentially discussing the company's strategies and outlook, including the ice-cream business demerger.

Conclusion

The demerger of HUL's ice-cream business marks a significant development for the company and its shareholders. As the record date approaches, shareholders should ensure their holdings are in order and, if necessary, complete any required KYC procedures. This corporate action may potentially lead to value unlocking for shareholders, as the ice-cream business will operate as a separate entity under the Kwality Walls brand.