Kwality Walls (India) Ltd: New Promoter, Director Resignation, and Reclassification of Outgoing Promoters

Kwality Walls (India) Ltd held a Board Meeting on 30th March, 2026, where several key decisions were made. The Magnum Ice Cream Company Holdco 1 Netherlands B.V. has acquired 61.90% of the company's equity shares from the Outgoing Promoters. Mr. Ritesh Tiwari has resigned as Additional (Non-Executive and Non-Independent) Director. The Board has approved the appointment of Mr. Abhijit Bhattacharya as Additional (Non-Executive and Non-Independent) Director and Chairperson of the Board, and Mr. Tahir Toloy Tanridagli as Additional (Non-Executive and Non-Independent) Director. The Outgoing Promoters have been reclassified from 'promoter' category to 'public' category.