Hindustan Unilever Limited (HUL) has released frequently asked questions (FAQs) regarding the allotment of shares of Kwality Wall’s (India) Limited (KWIL). This follows the approved scheme of arrangement between HUL and KWIL. The allotment ratio is 1:1, with a record date of December 5, 2025, and shareholders can expect allotment by December 29, 2025. The FAQs clarify eligibility, dematerialization, and support for shareholders.
Understanding KWIL Share Allotment
Hindustan Unilever Limited (HUL) is providing clarity on the allotment of Kwality Wall’s (India) Limited (KWIL) shares following the approved demerger. These FAQs address key aspects of the allotment process.
Key Scheme Details
The scheme involves the demerger of HUL’s Ice Cream Business Undertaking to KWIL. This aims to create a leading, focused ice cream company. Key brands managed by KWIL include ‘Kwality Wall’s’, ‘Cornetto’, and ‘Magnum’. The effective date of the scheme is December 1, 2025.
Share Allotment Ratio and Dates
The share entitlement ratio is 1:1, meaning for every 1 equity share of HUL held, shareholders will receive 1 equity share of KWIL. The record date for determining eligible shareholders is Friday, December 5, 2025. Allotment of KWIL shares is expected on or before December 29, 2025.
Dematerialization Requirements
KWIL shares will be allotted in dematerialized form only. Shareholders holding HUL shares in physical form must ensure their folios are KYC compliant and demat account details are updated. If KYC details are not updated, shareholders should send relevant ISR forms with necessary documents.
Allotment to IEPF
If HUL shares are already transferred to the Investor Education Protection Fund Authority (IEPFA), the corresponding KWIL shares will also be credited to IEPFA. Shareholders can claim these shares by filing separate e-Forms IEPF-5 for HUL and KWIL.
Dividend Rights
Equity shares issued by KWIL will rank equally with existing shares, including dividend rights. The KWIL Board of Directors will decide on dividend recommendations.
Listing Timeline
The listing and trading of KWIL shares are expected within 60 days from the receipt of the certified copy of the order of the NCLT sanctioning the Scheme (in or around Q4 of FY26).
Demat Drive Initiative
HUL is offering a Demat Drive to assist shareholders in converting physical holdings to dematerialized form. There will be on-site support in Mumbai on December 3, 2025 (02:00 PM – 05:00 PM).
Support and Contact Information
For queries, shareholders can contact [email protected] or call +91 22 5043 2791 / 22 5043 2792.
Source: BSE
