Unilever Transfers Control of Kwality Walls to The Magnum Ice Cream Company HoldCo 1 Netherlands B.V.

Kwality Walls (India) Ltd announced a re-classification from 'promoter' category to 'public' category following the transfer of 61.90% equity shares to The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. The transaction was executed through a Share Purchase Agreement (SPA) dated 25th June, 2025. The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. has acquired control over the company and is now classified as a 'promoter'. The Outgoing Promoters, who no longer hold any equity shares, have been reclassified as 'public' in accordance with Regulation 31A of the Listing Regulations.