Hindustan Unilever appoints independent director, details Kwality Wall's scheme

Hindustan Unilever Limited (HUL) announced the appointment of Bobby Parikh as an independent director for a five-year term, effective December 1, 2025, pending shareholder approval. Parikh, a seasoned advisor and chartered accountant, will also chair the risk management committee and join the audit committee. His appointment follows the recommendation of the nomination and remuneration committee.

Concurrently, HUL provided a material update regarding its scheme of arrangement with Kwality Wall's (India) Limited (KWIL). The board of KWIL approved Ritesh Tiwari as an additional director (non-executive), effective November 17, 2025. Furthermore, the scheme's effective date is set for December 1, 2025, following the National Company Law Tribunal's sanctioning order and rectification order.

A record date of Friday, December 5, 2025, has been fixed, subject to HUL board approval, to determine eligible equity shareholders who will receive KWIL equity shares at a 1:1 ratio (one equity share of face value Re. 1 fully paid-up in KWIL for every one equity share of face value Re. 1 fully paid-up held in HUL). This update fulfills the disclosure requirements under SEBI regulations and circulars concerning material information about KWIL.