New leadership slate prepares Kwality Walls India demerger board for standalone growth

Hindustan Unilever has outlined a refreshed governance structure for its ice cream and frozen desserts arm as it moves toward an independent listing. The updated Kwality Walls India demerger board at Kwality Wall’s India Limited is part of preparations for the business to operate as a standalone entity from 1 December 2025.

In filings to stock exchanges under securities listing regulations, Hindustan Unilever reported that Kwality Wall’s India Limited has constituted a new board and strengthened leadership following a meeting on 21 November. The disclosures were made in line with observation requirements tied to the scheme of arrangement between Hindustan Unilever and Kwality Wall’s India.

As part of the changes, Prashant Premrajka has been redesignated as executive director for a three year term starting 1 December 2025 and will also take on the role of chief financial officer. Chitrank Goel has been appointed deputy managing director and additional director for the same period.

The company has inducted four non executive independent directors on five year terms effective 1 December. The new independent members are Madhavan Hariharan, Ravindra Pisharody, Shukla Wassan and J V Raman.

Alongside the board appointments, Kwility Wall’s India has announced key governance and compliance changes. Vidhi Sanghvi will assume responsibilities as company secretary and compliance officer from 5 December. The firm has also appointed S N Ananthasubramanian and Co as secretarial auditors for the financial year ending 31 March 2026.

The filing notes the resignation of additional non executive director Toloy Tanridagli, effective at the close of business on 21 November, citing professional commitments.

In its statement, Kwality Wall’s India said the new board brings together experience across consumer goods, finance, governance, strategy and mergers and acquisitions. The company believes this mix will help steer the business as it transitions from a division of Hindustan Unilever to a standalone player in India’s expanding ice cream market.

The demerger is expected to enable sharper category focus for the ice cream and frozen desserts portfolio, which includes brands such as Kwality Wall’s, Magnum and Cornetto. By giving the business its own board and leadership team, Hindustan Unilever is creating room for more tailored decision making in areas such as innovation, distribution and brand building.

For investors and partners, the detailed disclosures on appointments, terms and audit structures are meant to signal stability and readiness ahead of the separation date. The success of the move will be judged by how effectively the new governance framework supports growth in a category that continues to benefit from rising consumption and premiumisation trends across Indian cities and towns.

Follow Marketing Moves on Instagram and Facebook for industry insights, strategy breakdowns, and brand transformation stories.