Following the demerger, Kwality Wall’s (India) Limited (KWIL) has allotted 2,34,95,91,262 fully paid-up equity shares to HUL shareholders as of December 5, 2025. This allotment is part of the Scheme of Arrangement, with shareholders receiving one KWIL share for each HUL share held. KWIL has also cancelled its pre-scheme paid-up share capital of ₹5,00,00,000, previously held entirely by HUL. KWIL has now ceased to be a wholly owned subsidiary of HUL.
Equity Share Allotment by Kwality Wall’s
Kwality Wall’s (India) Limited (KWIL) has successfully allotted equity shares to the shareholders of Hindustan Unilever Limited (HUL) as part of the Scheme of Arrangement for the demerger. The Board of KWIL approved the allotment during its meeting on December 12, 2025.
Details of the Allotment
A total of 2,34,95,91,262 fully paid-up equity shares, with a face value of ₹1 each, have been allotted to the equity shareholders of HUL. This allotment was based on the shareholder records as of the designated record date, December 5, 2025. The share entitlement ratio was 1:1, meaning one KWIL share for every one HUL share.
Cancellation of Pre-Scheme Capital
In addition to the share allotment, KWIL has also approved the cancellation and reduction of its entire pre-Scheme paid-up share capital. This comprised 5,00,00,000 fully paid-up equity shares with a face value of ₹1 each. Previously, these shares were entirely held by HUL.
KWIL’s Subsidiary Status Change
Effective December 12, 2025, Kwality Wall’s has ceased to be a wholly owned subsidiary of Hindustan Unilever. KWIL is now taking necessary steps to obtain listing and trading permissions for the newly allotted equity shares from both the BSE Limited and the National Stock Exchange of India Limited.
New Senior Managerial Personnel
Several individuals have been designated as Senior Managerial Personnel effective December 12th, 2025:
- Mr. Harshal Marathe, General Counsel
- Mr. Shivraj Betkikar, IT Head
- Ms. Sanghamitra Das, Manufacturing Head
- Mr. Monosij Bandyopadhyay, Marketing Head
- Ms. Sonali Rajpurohit, HR Head
Board Committee Constitutions
The Board of Directors effective from December 12th 2025 includes the following committees:
- Audit Committee
- Nomination and Remuneration Committee
- Stakeholder Relationship Committee
- Risk Management Committee
Source: BSE
