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Informist, Tuesday, Nov. 18, 2025

 

--HUL: Kwality Wall's board appoints Ritesh Tiwari as additional director

--HUL: Demerger of ice cream ops Kwality Wall's will be effective Dec 1

 

HYDERABAD – Hindustan Unilever Ltd. Tuesday announced that the demerger of its ice-cream operations entity Kwality Wall's (India) Ltd. will be effective Dec. 1, the company said in an exchange filing.

 

HUL is demerging its ice-cream business into a new standalone company, Kwality Wall's (India), which will be listed separately. As per the demerger plan, which has been approved by various legal and regulatory agencies, HUL shareholders will receive one share of Kwality Wall's (India) for every HUL share owned. As part of the plan, Unilever group arm Magnum HoldCo. will also acquire majority stake in Kwality Wall's (India).

 

Kwality Wall's (India)'s board has appointed Ritesh Tiwari as additional director effective Monday. Tiwari is currently global head of mergers and acquisitions at Unilever Plc.

 

For the September quarter, HUL reported a net profit of INR 26.90 billion on a revenue of INR 155.85 billion. Tuesday, the company's shares closed at INR 2,404 on the National Stock Exchange, down 0.9%.  End

 

Reported by Narayana Krishna

Edited by Nishant Maher

 

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