1. HUL has approved the annual accounts for the financial year ended 31st March, 2024:
- − The Company’s turnover for the financial year ended 31st March, 2024 was Rs. 59,579 crores as against turnover of Rs. 58,154 crores for the financial year ended 31st March, 2023.
- − The Profit before tax was Rs. 13,675 crores as against Rs. 13,079 crores for the corresponding year. Depreciation / amortization for the year was Rs. 1,097 crores as against Rs. 1,030 crores in the corresponding year. Exceptional Items for the period amounted to a loss of Rs. 89 crores as against loss of Rs. 62 crores in the corresponding year.
- − Provision for taxation (including deferred tax) is Rs. 3,561 crores (Last Year: Rs. 3,117 Crores). Profit after Tax and Net Profit increased to Rs. 10,114 crores (Last Year – Rs. 9,962 Crores).
- − Recommended a final dividend of Rs. 24/- for the financial year ended 31st March, 2024 on Equity Shares of Re. 1/- each. The Company had earlier paid an interim dividend of Rs. 18/- per share on 16th November, 2023. The total dividend for the said period amounts to Rs. 42/- per Equity Share of face value of Re. 1/- each.
- The Auditors of the Company, M/s. B S R & Co. LLP, Chartered Accountants, have issued the Audit Reports for Standalone and Consolidated Financial Statements as prepared under the Companies Act, 2013 and Standalone and Consolidated Financial Results as prepared under Listing Regulations, 2015 for the financial year ended 31st March, 2024 with an unmodified opinion.Please find enclosed herewith a copy of the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March, 2024 along with the copy of the Auditor’s Report.
- Approved the appointment of Mr. BP Biddappa (DIN: 06586886), presently Global Chief Human Resource Officer, Home Care business, as Whole-time Director of the Company with effect from 1st June, 2024 up to 31st May, 2029, subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM). Mr. Biddappa will be appointed as a Member of the Management Committee of the Company designated as Executive Director, Human Resources and Chief People, Transformation and Sustainability Officer with effect from 1st June, 2024, in succession to Ms. Anuradha Razdan.Ms. Anuradha Razdan, currently Executive Director, Human Resources will be appointed as Chief Reward & Organization Development Officer for Unilever PLC and will cease to be a Member of the Management Committee of the Company with effect from 1st June, 2024.Press Release in respect of the above mentioned changes is enclosed herewith.
- Considered and approved the proposal for entering into/continuation of Material Related Party Transactions/contracts/arrangements/agreements with PT. Unilever Oleochemical Indonesia, a wholly owned subsidiary of Unilever PLC and a fellow subsidiary of the Company, for a period of 3 years commencing from F.Y. 2024-25 to F.Y. 2026-27, individually and/ or in the aggregate up to an amount not exceeding Rs. 3,000 crores in a financial year. The proposal is subject to approval of the Shareholders at the ensuing AGM.
- Approved the appointment of M/s. Walker Chandiok & Co., LLP (Firm Registration No. 001076N/ N500013) as the Statutory Auditors of the Company to hold office for a term of 5 consecutive years i.e. from the conclusion of 91st AGM to the conclusion of 96th AGM, subject to approval of the Shareholders at the ensuing AGM.
- Decided to hold the 91st AGM on Friday, 21st June, 2024.
Further, the Register of Members of the Company will remain closed from Saturday, 15th June, 2024 to Friday, 21st June, 2024 (both days inclusive) for the purpose of payment of Final Dividend and AGM of the Company.
Further, in continuation to our letter dated 28th March, 2024, it is hereby informed that the Board has approved the appointment of M/s. R. Nanabhoy & Co, Cost Accountants (Firm Registration No. 000010), as the Cost Auditors of the Company for financial year 2023- 24 and financial year
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