Board of Hindustan Unilever approves scheme of arrangement

At meeting held on 15 January 2016

Hindustan Unilever announced that the Board of Directors of the Company at its meeting held on 15 January 2016 has considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956, between the Company and its members (Scheme) to reclassify and transfer the amounts lying to the credit of the General Reserve to the Profit & Loss Account of the Company.

The Scheme does not contemplate any separate benefits for the promoter/promoter group/group companies other than the eligibility as shareholders. Upon the Scheme becoming effective, there will be no change in the shareholding pattern of the Company pursuant to the Scheme.

 

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