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FMCG major HUL has received shareholders' nod to demerge its ice cream business, which owns brands like Kwality Wall's, Cornetto and Magnum, into an independent listed entity. With this, Hindustan Unilever Ltd (HUL) has taken one step closer to its goal to demerge its ice cream business. The majority of its shareholders have voted in favour of the resolution over the "Scheme of Arrangement between Hindustan Unilever Limited, Kwality Wall's", the FMCG major said while sharing the scrutiniser's report. "The Resolution for approval of the Scheme of Arrangement amongst HUL, Kwality Wall's (India) Ltd and their respective shareholders, as set out in the Notice dated 7th July 2025, has been passed by the Members by requisite majority, pursuant to Section 230(6) of the Companies Act, 2013, through remote e-voting and e-voting at the Meeting," it said. HUL has called for a meeting of its shareholders as per the directions of the National Company Law Tribunal (NCLT). According to the repor