Copyright thehindubusinessline
Hindustan Unilever Ltd (HUL) has received the National Company Law Tribunal’s (NCLT) approval for the demerger of its ice-cream business into Kwality Wall’s (India) Ltd, the company informed the stock exchanges on late Thursday. “We would like to inform you that the Scheme of Arrangement for demerger of the Ice Cream Business Undertaking, between the Company and Kwality Wall’s (India) Limited and their respective shareholders, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, has been sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) by its order passed today i.e. 30th October, 2025,” Hindustan Unilever Limited informed the stock exchanges. Earlier, the Fast-Moving Consumer Goods (FMCG) maker had received approval from the NCLT to convene a shareholder meeting regarding the demerger of its ice-cream business. The parent company Unilever had announced that it will accelerate its Growth Action Plan (GAP) through the separation of the ice-cream business. Following separation, Unilever will operate four business groups across beauty and well-being, personal care, home care and nutrition. Published on October 30, 2025
