NCLT Mumbai approves Unilever's ice cream demerger

Hindustan Unilever Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement for the demerger of its Ice Cream Business Undertaking. This arrangement involves the company and Kwality Wall's (India) Limited, along with their respective shareholders. The NCLT's order was passed today, October 30, 2025, with a certified copy awaited.

The company's communication to both BSE Limited and the National Stock Exchange of India Ltd referenced an earlier letter dated September 18, 2025.

The Effective Date of the Scheme will be the first calendar date of the month following the fulfillment or waiver of conditions and matters outlined in Clause 20. The Appointed Date is concurrent with the Effective Date, and Hindustan Unilever will inform the Stock Exchanges in due course.