Hindustan Unilever informed stock exchanges on Monday, January 5, about a material update received from Kwality Wall’s (India) Limited (KWIL) in connection with the ongoing scheme of arrangement between the two entities.
According to the disclosure, the Board of Directors of Kwality Wall’s (India) Limited, at its meeting held on January 4, 2026, approved key managerial changes as part of statutory and governance requirements linked to the demerger process. The update was shared by Hindustan Unilever in compliance with observation letters issued earlier by the National Stock Exchange of India and BSE in May 2025, which require continuous disclosure of material developments relating to KWIL .
As per the communication, Mr. Anand Upadhyay has been appointed as Company Secretary and Compliance Officer of Kwality Wall’s (India) Limited with effect from January 4, 2026. He brings over 15 years of experience across corporate secretarial, governance, legal and regulatory functions, and has previously held senior roles with organisations such as Brookfield Group, MGL and the Tata Group .
In addition, Mr. Rohit Jhunjhunwala, who currently serves as the Internal Auditor of the company, has been designated as Senior Managerial Personnel (SMP) with effect from the same date. Mr. Jhunjhunwala is a Chartered Accountant with a decade-long association with Unilever and has played a key role in the establishment of KWIL following the demerger, along with responsibilities across risk management and supply chain finance functions .
Hindustan Unilever clarified that the disclosure is being made pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The company noted that the information relates specifically to Kwality Wall’s (India) Limited and forms part of the ongoing regulatory compliance associated with the proposed scheme of arrangement.
