Kwality Wall’s Shares Listed on BSE and NSE Post Demerger

Kwality Wall’s (India) Limited has announced the listing of its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) as of February 16, 2026. This development follows the demerger of the ice cream business from Hindustan Unilever Limited, which was approved by the Hon’ble National Company Law Tribunal, Mumbai Bench, and became effective on December 1, 2025. Shareholders of Hindustan Unilever Limited received one equity share of Kwality Wall’s (India) Limited for every share held as of the record date, December 5, 2025.

The listing of Kwality Wall’s (India) Limited on the BSE and NSE marks a significant milestone for the company as it transitions into an independent, publicly listed entity. The demerger and subsequent listing position Kwality Wall’s among the leading ice cream and frozen dessert companies in India. The company operates in over 400 cities, reaching more than 200,000 outlets and utilizing over 15,000 push carts. The company’s portfolio includes well-known brands such as Cornetto, Magnum, and Twister.

The demerger was executed under the approved scheme, allowing Kwality Wall’s to emerge as a standalone entity with a focus on the ice cream and frozen dessert market. The company aims to leverage its extensive brand portfolio and market presence to enhance its operations. The listing is part of a strategic move to enable Kwality Wall’s to operate with a sharper focus and increased agility in the market.

In June 2025, a share purchase agreement was signed between Unilever Shareholders and The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (TMICC). This agreement involves TMICC acquiring all shares in Kwality Wall’s (India) Limited held by Unilever Shareholders, which constitutes a controlling interest in the company. The completion of this acquisition is anticipated to occur after the listing of Kwality Wall’s on the Indian stock exchanges, in accordance with the terms of the agreement and applicable regulations.

The timeline for these developments began with the approval of the demerger by the National Company Law Tribunal, effective December 1, 2025. The record date for shareholder entitlement was December 5, 2025. The listing on the BSE and NSE took place on February 16, 2026. The share purchase agreement with TMICC is expected to conclude following the listing.

Kwality Wall’s (India) Limited is a prominent player in India’s ice cream and frozen dessert industry. The company is known for its strong portfolio of brands, including Kwality Wall’s, Magnum, and Cornetto. With a focus on quality and innovation, Kwality Wall’s aims to set industry benchmarks and respond swiftly to market dynamics, positioning itself for accelerated growth.