KWIL

Kwality Walls (India) Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI regulations and the company's code of conduct for preventing insider trading. The window will be shut from July 1, 2026, until 48 hours after the financial results for the quarter ending June 30, 2026, are declared and made public. The company will inform the stock exchanges in due course about the date of the board meeting to approve these financial results.

Kwality Walls (India) Ltd has responded to queries from BSE and NSE regarding significant movement in its share price. The company stated that all material information has been disclosed as per SEBI (LODR) Regulations. It clarified that it cannot comment on market-driven price fluctuations and has no control over them. The company reiterated its commitment to timely disclosures as per regulations.

Kwality Walls (India) Ltd has appointed M/s. Walker Chandiok & Co. LLP as the Statutory Auditors of the Company for a term of five years, subject to member approval. The appointment is from the conclusion of the 1st AGM in 2026 to the conclusion of the 6th AGM in 2031. This decision was made at a Board of Directors meeting on May 20, 2026, following the recommendation of the Audit Committee. The board also approved the audited financial results for the quarter and period ended March 31, 2026, and noted the unmodified Audit Report issued by M/s. Walker Chandiok & Co. LLP.

Kwality Walls (India) Ltd has appointed M/s. Walker Chandiok & Co. LLP as the Statutory Auditors of the Company for a term of five years, subject to member approval. The appointment is effective from the conclusion of the 1st AGM in 2026 until the conclusion of the 6th AGM in 2031. The Board of Directors approved the appointment at its meeting on May 20, 2026, based on the recommendation of the Audit Committee. The board also approved the audited financial results for the quarter and period ended March 31, 2026, noting the unmodified audit report issued by Walker Chandiok & Co. LLP.

Kwality Walls (India) Ltd's Board of Directors approved the audited financial results for the quarter and period ended March 31, 2026, following the audit committee's recommendation. Walker Chandiok & Co. LLP issued an unmodified audit report. The board also approved the appointment of Walker Chandiok & Co. LLP as statutory auditors for five years, subject to member approval. The meeting, held on May 20, 2026, commenced at 02:35 P.M. (IST) and concluded at 03:50 P.M. (IST).

Kwality Walls (India) Ltd's Board of Directors approved the audited financial results for the quarter and period ended March 31, 2026, following the audit committee's recommendation. Walker Chandiok & Co. LLP issued an unmodified audit report. The board also approved the appointment of Walker Chandiok & Co. LLP as statutory auditors for five years, subject to member approval. The meeting, held on May 20, 2026, commenced at 02:35 P.M. (IST) and concluded at 03:50 P.M. (IST).

Kwality Walls (India) Ltd received a post-offer advertisement from Magnum Ice Cream Company HoldCo 1 Netherlands B.V. regarding its open offer to public shareholders. The offer, managed by Kotak Mahindra Capital Company Limited, closed on May 7, 2026. Out of the proposed 61,08,93,729 equity shares, only 1,42,126 shares were tendered and accepted at a price of ₹21.33 per share. The acquirer and persons acting in concert held 61.90% of the voting share capital prior to the offer.

Kwality Wall’s (India) Limited has received an open offer opening advertisement and corrigendum from The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. and its Persons Acting in Concert. The offer is for the acquisition of up to 61,08,93,729 equity shares, representing 26.00% of the company's voting share capital, at a price of ₹21.33 per equity share, payable in cash. The Independent Directors Committee (IDC) has reviewed the offer and deemed the price of ₹21.33 per share to be fair and reasonable, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The IDC noted the company's shares commenced trading on February 16, 2026, with no prior trading history.

Kotak Mahindra Capital Company Ltd, as the manager to the open offer, announced an open offer for the acquisition of up to 61,08,93,729 equity shares of Kwality Walls (India) Ltd, representing 26% of the voting share capital. The offer price is ₹21.33 per equity share, payable in cash, by The Magnum Ice Cream Company HoldCo | Netherlands B.V. along with Magnum ICC Finance B.V. and The Magnum Ice Cream Company N.V., acting as persons in concert. The offer opening advertisement was released on April 22, 2026. The committee of independent directors recommends that the offer price is fair and reasonable.

Kwality Wall’s (India) Limited has received a Letter of Offer from The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. and its associates for an open offer. The offer aims to acquire up to 61,08,93,729 equity shares, constituting 26.00% of Kwality Walls' voting share capital. Public shareholders are offered ₹21.33 per equity share in cash. This offer complies with SEBI Takeover Regulations and is not conditional on minimum acceptance. The acquirer reserves the right to revise the offer price or size before the tendering period commences.