ProceedingsofAGM26062023 Tagging 2XFp3M

26th June, 2023
Stock Code: BSE: 500696

NSE: HINDUNILVR
ISIN: INE030A01027
BSE Limited, National Stock Exchange of India Ltd

Corporate Relationship Department, Exchange Plaza, 5th Floor,
2nd Floor, New Trading Wing, Plot No. C/1, G Block,
Rotunda Building, P.J. Towers, Bandra – Kurla Complex,
Dalal Street, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Dear Sir / Madam,
Sub: Proceedings of 90th Annual General Meeting held on 26th June, 2023
Further to our letter dated 27th April, 2023 and pursuant to Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a
summary of proceedings of 90th Annual General Meeting of the Company held on
26th June, 2023 through Video Conference (VC) / Other Audio Visual Means (OAVM).
You are requested to kindly take above information on your records.
Thanking You.
Yours faithfully,
For Hindustan Unilever Limited
Dev Bajpai
Executive Director, Legal & Corporate Affairs
and Company Secretary
DIN : 00050516 / FCS : F3354
Encl: As above
SUMMARY OF PROCEEDINGS OF 90TH ANNUAL GENERAL MEETING
The 90th Annual General Meeting (AGM) of the Members of the Company was held on
26th June, 2023 at 2.00 P.M. (IST) through Video Conference (VC) / Other Audio Visual
Means (OAVM).
Mr. Nitin Paranjpe, Chairman of the Company, chaired the proceedings of the Meeting.
The number of shareholders as on record date 19th June, 2023 were 10,97,840.
The details of number of shareholders present in the meeting are as follows:
Promoter and
Category Public Total
Promoter Group
In Person NA NA NA
Through Proxy / Authorised
NA NA NA
Representative
Video Conference 7 206 213
Total 7 206 213
The Chairman called the meeting to order as requisite quorum was present. The Chairman
introduced the Directors, Management Committee Members and the invitees present at the
meeting. Leave of absence was granted to Dr. Ashish Gupta, Independent Director who had
expressed his inability to attend the AGM due to pre-commitments.
The Chairman introduced Mr. Rohit Jawa who was appointed as the Whole-time Director of
the Company effective 1st April, 2023 to 26th June, 2023 and as successor to Mr. Sanjiv
Mehta as the Manging Director and Chief Executive Officer of the Company for a period of 5
(five) years effective 27th June, 2023 to 26th June, 2028. On behalf of the Board of Directors
and Shareholders of the Company, he also expressed the deep sense of appreciation and
gratitude to Mr. Sanjiv Mehta for his immense contribution as Chief Executive Officer and
Managing Director of the Company. The Chairman informed the Shareholders that during
Mr. Mehta’s tenure, the business more than doubled its turnover, significantly improved its
profitability and the market capitalisation of the Company increased more than four times.
The Chairman also introduced Mr. Ranjay Gulati, who was appointed as an Independent
Director of the Company for a period of 5 (five) years effective from 1st April, 2023 to
31st March, 2028. He further informed the Shareholders that Dr. Ashish Gupta had
communicated his decision to step down from the Board effective close of business hours on
26th June, 2023. The Chairman thanked Dr. Gupta for the valuable service and guidance
provided by him during his tenure as an Independent Director of the Company.
The Chairman further thanked Mr. Wilhelmus Uijen for his leadership and invaluable
contribution made by him during his tenure as the Whole-time Director and Member of the
Management Committee of the Company.
The Chairman then informed the Members that the Report of Board of Directors, the
Accounts for the Financial Year ended 31st March, 2023 were taken as read as the same
had already been circulated to the Members. As there were no qualifications in the Statutory
Auditors Report & Secretarial Audit Report, it was not required to be read.
The Chairman then requested Mr. Dev Bajpai, Company Secretary to explain and read the
detailed voting procedure at the Annual General Meeting for the Members.
The Company had appointed Mr. S. N. Ananthasubramanian, Practising Company Secretary

(FCS: 4206 and COP No.: 1774) as the Scrutinizer for the purpose of scrutinising the
process of remote e-voting held prior and e-voting during the AGM.
The Chairman then addressed the meeting on the topic “Transforming to Win in The New
India”.
The copy of the Chairman’s Speech was made available at the e-voting website of NSDL.
Thereafter, brief on the following resolutions as set out in the Notice convening the
90th Annual General Meeting were read out by Mr. Dev Bajpai:
Sr.
Particulars Type of Resolution
No.
ORDINARY BUSINESS
1. Adoption of Audited Financial Statements together with the Ordinary Resolution
Report of Board of Directors and Auditors thereon for the
Financial Year ended 31st March, 2023
2. Confirmation of Interim Dividend and declaration of Final Ordinary Resolution
Dividend for the Financial Year ended 31st March, 2023
3. Re-appointment of Mr. Nitin Paranjpe (DIN: 00045204) as a Ordinary Resolution
Director
4. Re-appointment of Mr. Dev Bajpai (DIN: 00050516) as a Ordinary Resolution
Director
Re-appointment of Mr. Ritesh Tiwari (DIN: 05349994) as a
5. Ordinary Resolution
Director
SPECIAL BUSINESS
6. Appointment of Mr. Ranjay Gulati (DIN: 10053369) as an Special Resolution

Independent Director of the Company
7. Appointment of Mr. Rohit Jawa (DIN: 10063590) as a Ordinary Resolution
Whole-time Director of the Company
Sr.
Particulars Type of Resolution
No.
8. Appointment of Mr. Rohit Jawa (DIN: 10063590) as a Ordinary Resolution
Managing Director & Chief Executive Officer of the Company
9. Approval for Material Related Party Transaction Ordinary Resolution
10. Ratification of remuneration to Cost Auditors Ordinary Resolution
On the invitation of the Chairman, Members who had registered themselves as speakers,
addressed the Meeting through VC / OAVM and sought clarifications on the Company’s
accounts and businesses. The Chairman responded to the queries of the Shareholders and
provided clarifications.
Thereafter, the Chairman announced for voting to be conducted electronically (e-voting) and
requested Mr. S. N. Ananthasubramanian, Practising Company Secretary, the Scrutinizer for
the orderly conduct of the e-voting.
The Chairman announced that the e-voting results along with the consolidated
Scrutinizer’s Report shall be informed to Stock Exchanges and also be placed on the
website of the Company, NSDL and Stock Exchanges. The meeting concluded at 5:55 P.M.
(IST) after being open for 15 minutes for e-voting to be completed.
Post completion of the Annual General Meeting, after scrutiny of votes the Scrutinizer
submitted his Report to the Chairman. As per the report submitted by the Scrutinizer
considering the consolidated results of the remote e-voting held prior and e-voting during the
AGM, all resolutions embodied in the Notice of AGM dated 27th April, 2023 were passed
with requisite majority.
For Hindustan Unilever Limited
Dev Bajpai
Executive Director, Legal & Corporate Affairs
and Company Secretary
DIN: 00050516 / FCS No: F3354

ProceedingsofAGM26062023 Tagging 2XFp3M

Uploaded by

Copyright:

Available Formats

ProceedingsofAGM26062023 Tagging 2XFp3M

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ProceedingsofAGM26062023 Tagging 2XFp3M

Uploaded by

Copyright:

Available Formats

26th June, 2023

Stock Code: BSE: 500696

BSE Limited, National Stock Exchange of India Ltd

Dear Sir / Madam,

You are requested to kindly take above information on your records.

For Hindustan Unilever Limited

The details of number of shareholders present in the meeting are as follows:

Total 7 206 213

The Company had appointed Mr. S. N. Ananthasubramanian, Practising Company Secretary

6. Appointment of Mr. Ranjay Gulati (DIN: 10053369) as an Special Resolution

For Hindustan Unilever Limited

You might also like