Hindustan Unilever Limited — Board Meeting, 25-11-2024: Outcome of Board Meeting

The Board has accorded in-principle approval to demerge the Ice Cream business into an independent listed entity, enhancing focus and potential value for shareholders. The decision follows a thorough evaluation by the Independent Directors’ committee, emphasizing the business's growth prospects with iconic brands like Kwality Wall’s, Cornetto, and Magnum. Shareholders will receive shares in the new entity proportionate to their holdings in HUL. The Board authorized preparatory steps for the demerger, which will be detailed in forthcoming disclosures.