Hindustan Unilever Ltd.

Hindustan Unilever’s (HUL’s) members have approved the scheme of arrangement for the transfer of certain assets, liabilities and properties of FMCG Exports Business Division of the company to Unilever India Exports.

The company in the court convened meeting for transfer of certain assets, liabilities and properties of FMCG Exports Business Division, held on July 28, 2011 acquired the required approval of its equity shareholders. The High Court of Judicature at Bombay by an order pronounced on June 23, 2011 has directed that a meeting of the equity shareholders of the company should be held on July 28, 2011.

The company’s net profit for the quarter has rose by 17.62% at Rs 627.16 crore as compared to Rs 533.21 crore for the same quarter last year. Its total income increased by 14.47% to Rs 5629.96 crore for the quarter under review from Rs 4918.34 crore for the corresponding quarter of the previous year.