
Auditor29 Jun 2026, 09:10 pm
Kwality Walls Appoints Dimple Lalwani as Internal Auditor
AI Summary
Kwality Walls (India) Ltd announced the appointment of Ms. Dimple Lalwani as the Internal Auditor for FY 2026-27, effective July 01, 2026. This appointment was approved by the Board of Directors during a meeting held on June 29, 2026. The board also approved a three-year intellectual property agreement with Magnum IP Holdings B.V., commencing April 1, 2026, and ending March 31, 2029. Under this agreement, the royalty rate will be 0% until March 31, 2027, and 1% of net sales thereafter. Additionally, Mr. Rohit Jhunjhunwala will cease to be Senior Management Personnel from July 1, 2026, due to assuming a new leadership role.
Key Highlights
- Ms. Dimple Lalwani appointed as Internal Auditor for FY 2026-27.
- New three-year IP agreement with Magnum IP Holdings B.V.
- Royalty rate set at 0% until March 31, 2027.
- Royalty to be 1% of net sales for FY 2027-28 and FY 2028-29.
- Mr. Rohit Jhunjhunwala to exit Senior Management Personnel role.
Price Impact
More from KWIL