FMCG Hul’s eldest received the nod of the shareholders’ mention in Demerge his activity as an ice cream, which has brands such as Kwality Wall’s, Cornetto and Magnum, in an independent entity listed.With this, Hindustan Unilever Ltd (Hul) took a step forward towards his goal to decree his ice cream activity.
Most of his shareholders voted in favor of the resolution on the “agreement scheme between Hindustan Unilever Limited, Kwity Wall”, said Major FMCG as he shared the report of the scrutiny.
“The resolution for the approval of the agreement scheme between Hul, Kwity Wall’s (India) Ltd and their respective shareholders, as established in the notice dated 7 July 2025, was approved by the members of a necessary majority, pursuant to section 230 (6) of the law on companies, 2013, through the remote e-voto and the repair at the meeting”.
Hul asked for a meeting of his shareholders according to the National Company Law Tribunal (NClt) directions.According to the report, 99.99 percent of the votes interviewed were expressed in favor of the proposal. Tuesday the process was practically conducted through a remote electronic voting structure.
Last month, the CFO of the company declared that it was expected that the demarger process be completed in the current tax and the subsequent list of the new entity in exchanges.
All existing shareholders of the major FMCG will receive actions in the new entity in proportion to their participation in Hul in a ratio of 1: 1.
This Demerger follows the decision of its global parent entity, the global separation of Unilever from the ice cream business.
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