Hindustan Unilever Limited — Others, 13-03-2025: Resignation

Mr. Leo Puri has tendered his resignation as the Independent Director of Hindustan Unilever, effective from the close of business hours on 30th June 2025. This decision is attributed to his increased commitments, including a proposed board appointment with a global entity, which conflicts with the European Corporate Governance overboarding criteria. As a result, he will also step down from his roles as Chairperson of the Risk Management and ESG Committees and as a member of the Audit Committee.

This change in the Board composition may create a transitional phase for the company, with implications for governance oversight. Investor sentiment could be impacted as Puri's leadership in key committees is relinquished, presenting both a potential risk in continuity and an opportunity for new perspectives in governance.