Hindustan Unilever Limited (HUL) has announced the allotment of shares of Kwality Wall’s India Limited (KWIL) following the demerger of its ice cream business, as per filings with stock exchanges. The move provides existing HUL shareholders with direct ownership in the spun-off entity.
Allotment Details
- Ratio: 1 KWIL share for every 1 HUL share held
- Face Value: ₹1 per share, fully paid
- Record Date: December 5, 2025
- Mode: Dematerialised shares only
The demerger scheme became effective on December 1, 2025, after receiving approval from the National Company Law Tribunal (NCLT). Allotment of KWIL shares is expected to be completed on or before December 29, 2025.
Shareholder Eligibility and Action Required
- Demat Shareholders: No action required; KWIL shares will be credited automatically if KYC details are updated.
- Physical Shareholders: Must update KYC and submit demat account information at least 7 days before the record date. Shares will not be issued in physical form. Unclaimed shares will remain in a suspense account until compliance is completed.
Listing and Dividend Rights
- KWIL shares are expected to be listed and tradable within 60 days of NCLT approval.
- All allotted shares will carry equal rights with existing shares, including dividend eligibility.
- For HUL shares transferred to the Investor Education and Protection Fund, corresponding KWIL shares will also be held with the authority and must be claimed separately.
Summary
Hindustan Unilever is allotting Kwality Wall’s shares to its shareholders at a 1:1 ratio, with a record date of December 5, 2025. Shares will be credited in dematerialised form, with listing expected within 60 days. Shareholders are required to ensure updated KYC details, especially those holding physical shares, to receive their entitlement.
Disclaimer:
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