Hindustan Unilever proposes board appointments, sets voting timeline

Hindustan Unilever Limited (HUL) has announced a postal ballot to seek shareholder approval for two significant board appointments. Niranjan Gupta is proposed as whole-time director, designated as executive director, finance and chief financial officer, for a five-year term from November 1, 2025, to October 31, 2030. His proposed annual basic salary is INR 3,40,00,000, with a fixed remuneration of INR 5,92,85,596 and an annual bonus target of INR 3,55,71,357.

Additionally, Bobby Parikh is proposed as an independent director for a five-year term, effective from December 1, 2025, to November 30, 2030. Parikh's remuneration will be in accordance with the company's differential remuneration policy, covering sitting fees, expense reimbursement, and commission as approved by the board.

The e-voting period for these resolutions commences on Monday, December 8, 2025, at 09:00 A.M. (IST) and concludes on Tuesday, January 6, 2026, at 05:00 P.M. (IST). The cut-off date for determining eligible shareholders for voting is Friday, November 28, 2025. Results are expected by Thursday, January 8, 2026.