HUL Demerger: Record date fixed—Check entitlement ratio and other key details

HUL Demerger Record Date: FMCG giant Hindustan Unilever Ltd (HUL) has fixed the record date for the demerger. The company plans to demerge and list its ice cream business, Kwality Wall’s (India) Ltd (KWIL), separately. The move involves separating the Kwality Wall’s unit from HUL and listing the new entity on the stock exchanges.

Demerger to take effect from December 1, 2025

In an exchange filing, HUL said its board has approved December 1, 2025, as the effective date for the demerger. The company noted that this date aligns with Clause 1.9 of the approved scheme, which states that the demerger will come into effect on the first calendar day of the month following the fulfilment of all required conditions.

Add Zee Business as a Preferred Source

HUL added that the “Effective Date” will also serve as the “Appointed Date” for the demerger process. All statutory and procedural requirements necessary for the separation of the ice cream business have now been completed or fulfilled.

Record date fixed for shareholder entitlement

The board has fixed Friday, December 5, 2025, as the record date to determine eligible HUL shareholders who will receive shares of the newly formed KWIL.

Shareholders will receive one KWIL share of face value Re 1 for every one HUL share of face value Re 1 they hold. The share entitlement ratio is therefore set at 1:1.

HUL share price

At around 10:10 AM, the shares of Hindustan Unilever Ltd were trading at Rs 2,432.90, up Rs 28.90 or 1.23 per cent on the BSE compared with the previous close of Rs 2,404.04.

HUL demerger

The demerger is part of a broader global strategy by HUL's parent company, Unilever PLC, to carve out its ice cream operations into an independent business. The company expects the demerger to unlock value and enable the ice cream business to pursue a more focused growth strategy as an independent listed entity.