Kwality Wall's India company secretary resigns amid scheme of arrangement

Hindustan Unilever Limited (HUL) has disclosed an update regarding the Scheme of Arrangement between HUL and Kwality Wall's (India) Limited (KWIL). KWIL informed HUL of the resignation of Vidhi Sanghvi, its company secretary and compliance officer, effective from the close of business hours on December 9, 2025. Sanghvi tendered her resignation to pursue other opportunities.

This disclosure by HUL complies with observation letters from the National Stock Exchange of India Limited and BSE Limited. These require HUL to continuously disclose material information about KWIL to the stock exchanges. The communication also adheres to Regulation 30 and Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The resignation is a notable development for Kwality Wall's (India) Limited as it continues with the Scheme of Arrangement. This scheme involves its shareholders under Sections 230 to 232 of the Companies Act, 2013. Prashant Premrajka, additional (executive) director and chief financial officer of Kwality Wall's (India) Limited, confirmed the acceptance of Sanghvi's resignation.