Hindustan Unilever Limited has disclosed the voluntary liquidation of Minimalist Importation and Trade of Cosmetics LTDA, a non-operating, step-down subsidiary incorporated in Brazil. The subsidiary is wholly owned by Uprising Science Private Limited, which is itself a subsidiary of Hindustan Unilever Limited.
The liquidation became effective from 8th September, 2026. The company explicitly states that this closure has no impact on its operations.
Financial Impact Assessment
As per the Annexure-A disclosure required under SEBI LODR Regulations:
- Revenue Contribution: The subsidiary contributed ₹NIL in revenue from operations as of March 31, 2026, representing 0.00% of total revenue
- Net Worth Contribution: The subsidiary had a net worth of ₹34,605 as of March 31, 2026, representing 0.00% of total net worth
- No consideration was received from the liquidation as it was not a sale transaction
- The transaction does not qualify as a related party transaction
- No buyers were involved in this voluntary liquidation process
Additional Details
The disclosure was signed and submitted by Radhika Kartik Shah, Company Secretary (Membership No: A19308) of Hindustan Unilever Limited, on 28th October, 2026 at 10:06:56 IST.