Unilever Acquires Majority Shares in Kwality Walls (India) Ltd Through Scheme of Arrangement

Unilever Plc, along with other promoter and promoter entities, has acquired 61.90% of the equity shares in Kwality Walls (India) Ltd. The acquisition was made pursuant to the Scheme of Arrangement for demerger of the Ice Cream Business Undertaking between Hindustan Unilever Limited and Kwality Walls (India) Limited and their respective shareholders. The transaction was exempted from making an open offer under Regulation 10(1)(d)(ii). The equity shares were allotted on 12th December 2025 and listed for trading from 16th February 2026.