Kwality Walls Enters 3-Year IP Deal with Magnum IP, Royalty at 0% Until FY27

Kwality Walls (India) Ltd announced a three-year intellectual property agreement with Magnum IP Holdings B.V., effective until March 31, 2029. The agreement includes a royalty rate of 0% until March 31, 2027, followed by 1% of net sales for FY 2027-28 and FY 2028-29. This revised structure aims to support the company's post-demerger investments and stabilization efforts. The board meeting also noted the cessation of Mr. Rohit Jhunjhunwala as Senior Management Personnel and the appointment of Ms. Dimple Lalwani as Internal Auditor for FY 2026-27.