Hindustan Unilever Limited (HUL) shareholders approved the demerger of the ice-cream business into an independent listed entity.
The resolution was passed by a majority in number representing three-fourths in value of the shareholder casting their vote through e-voting.
“The Resolution for approval of the Scheme of Arrangement amongst Hindustan Unilever Limited, Kwality Wall’s (India) Limited and their respective shareholders, as set out in the Notice dated 7th July 2025, has been passed by the Members by requisite majority, under Section 230(6) of the Companies Act, 2013, through remote e-voting and e-voting at the meeting,” the company informed the stock exchanges.
The company had proposed that the shareholders of HUL would receive shares in the new entity in proportion to their shareholding in HUL.
In March 2024, Unilever announced its decision to separate its global ice-cream business into a standalone entity. The separation of the global ice-cream business is expected to be completed in the fourth quarter of 2025.
Published on August 12, 2025
