Hindustan Unilever Ltd (HUL) has set December 5, 2025 as the record date for determining eligible shareholders who will receive shares of Kwality Wall’s (India) Ltd (KWIL) under the company’s ice-cream business spin-off.

The announcement comes after HUL received the certified copy of the NCLT order approving the Scheme of Arrangement between HUL and KWIL. The Board noted that all conditions under Clause 20 of the Scheme — including filing the NCLT orders with the Registrar of Companies — have now been completed.

The tribunal sanctioned the demerger order on October 30, 2025, followed by a rectification order on November 6, 2025, HUL said in an earlier exchange filing.

The move aligns with Unilever PLC’s global decision to carve out its ice-cream operations into an independent b

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