Hindustan Unilever Limited has announced the voluntary liquidation of Minimalist Importation and Trade of Cosmetics LTDA, a step-down subsidiary incorporated in Brazil. The liquidation was effective from September 8, 2026. This move, confirmed following internal verification, is a non-operating entity and is not expected to have any impact on the company’s overall operations or financial performance. Details as required by SEBI regulations are enclosed.
Subsidiary Liquidation Announced
Hindustan Unilever Limited (HUL) has officially intimated the voluntary liquidation of one of its step-down subsidiaries, Minimalist Importation and Trade of Cosmetics LTDA. This entity was incorporated in Brazil and is indirectly owned by HUL through Uprising Science Private Limited and its subsidiary, Minimalist Importation and Trade of Cosmetics LTDA.
Details of Liquidation
The liquidation process was voluntarily initiated and officially concluded with effect from September 8, 2026. The company has clarified that this particular subsidiary was non-operating. Consequently, this closure is not anticipated to have any adverse impact on Hindustan Unilever Limited’s ongoing business operations or its financial standing. The disclosure is made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Disclosures
As per the disclosures provided in Annexure-A, the liquidated subsidiary contributed NIL to the turnover or revenue, and its Net Worth was ₹34,605 as of March 31, 2026, representing 0.00% of the consolidated figures. The company has also confirmed that there was no agreement for sale, no consideration received, and no buyers involved, as it was a voluntary liquidation of a non-operating entity. All other standard disclosure points under SEBI regulations were marked as ‘Not Applicable’.
Source: BSE
