Latest news about Kwality Walls
Kwality Walls
32.91
+0.20(+0.61%)
Company Performance:
View Company Insights1D+0.61%
1M+0.30%
6M+11.86%
1Y+11.86%
5Y+11.86%
More news about Kwality Walls
31May 26
Kwality Wall's seeks approval for two director appointments
Kwality Wall's (India) Limited has initiated a postal ballot process to secure shareholder approval for the appointment of two Non-Executive Non-Independent Directors, Mr. Abhijit Bhattacharya and Mr. Tahir Toloy Tanridagli. The e-voting period is scheduled from 30 May 2026 to 28 June 2026, with a cut-off date of 26 May 2026.
21May 26
Kwality Wall's Posts Rs 1,071 Mn Q4 Loss; Revenue Rises
Kwality Wall's (India) Limited announced audited financial results for the quarter and period ended March 31, 2026, reporting a net loss of Rs 1,071 million on a total income of Rs 4,860 million. The Board appointed M/s. Walker Chandiok & Co. LLP as statutory auditors for a five-year term.
16May 26
Kwality Wall's (India) Limited Shareholders Approve All Eight Postal Ballot Resolutions, Including Board Appointments and Auditor
Kwality Wall's (India) Limited successfully passed all eight postal ballot resolutions on May 15, 2026, through remote e-voting conducted between April 16 and May 15, 2026. The resolutions included the appointment of two Executive Directors — Mr. Chitrank Goel as Deputy Managing Director and Mr. Prashant Premrajka as Executive Director & CFO — along with four Non-Executive Independent Directors. Members also approved remuneration for Independent Directors and the appointment of M/s. S.N. Ananthasubramanian & Co. as Secretarial Auditors, with all resolutions receiving overwhelming shareholder support.
15May 26
Kwality Wall's (India) Open Offer Concludes: Acquirer Receives 1,42,126 Shares at INR 21.33 Per Share
The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. completed its open offer for Kwality Wall's (India) Limited on May 14, 2026, at an offer price of INR 21.33 per equity share. Actual shares tendered and accepted in the offer stood at 1,42,126 against the maximum proposed size of 61,08,93,729 equity shares representing 26.00% of the voting share capital. The Acquirer had previously acquired 145,44,12,858 equity shares (61.90%) through off-market transfers on March 30, 2026, resulting in a post-offer actual shareholding of 1,45,45,54,984 equity shares (61.91%). Public shareholders' holding stood at 89,50,36,278 equity shares (38.09%) on a post-offer actual basis.
12May 26
Kwality Wall's (India) Responds to Proxy Advisor Voting Recommendations on Executive Director Appointments
Kwality Wall's (India) Limited addressed proxy advisor voting recommendations from IiAS and SES regarding two executive director appointments proposed in its April 15, 2026 postal ballot notice. The company clarified that aggregate remuneration for each director — including salary, bonuses, and stock plan awards — shall not exceed INR 65 mn for FY 26-27, and confirmed no additional stock option scheme exists beyond the Target Discretionary Performance Share Plan Award. Any future share plans or option grants will require shareholder approval.
23Apr 26
Kwality Wall's Open Offer: ₹21.33/share for 61.09 crore shares, tendering April 23-May 7
Kwality Wall's (India) Limited announced the opening of its mandatory open offer by The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. for acquiring up to 61,08,93,729 equity shares representing 26.00% of voting share capital at ₹21.33 per share. The tendering period commences April 23, 2026, and closes May 7, 2026. The Independent Directors Committee recommended the offer as fair and reasonable, though market prices on April 15, 2026 were higher at ₹25.22 (NSE) and ₹25.23 (BSE). The acquirer completed the underlying transaction on March 30, 2026, acquiring 61.90% of voting share capital. The offer is managed by Kotak Mahindra Capital Company Limited.
16Apr 26
Kwality Wall's Issues Postal Ballot Notice for Director Appointments and Corporate Governance Matters
Kwality Wall's (India) Limited has issued a postal ballot notice for eight corporate governance resolutions, including appointments of two executive directors and four independent directors. The company submitted newspaper advertisements to stock exchanges ensuring regulatory compliance under SEBI regulations, with e-voting scheduled from 16th April to 15th May, 2026.
01Apr 26
Unilever Entities Complete 61.90% Stake Divestment in Kwality Wall's India
Seven Unilever entities have officially divested their combined 61.90% controlling stake in Kwality Wall's (India) Limited to The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. on March 30, 2026, marking their complete exit from the Indian ice cream company. The transaction involved 145,44,12,858 equity shares sold at EUR 0.19 per share, with all Unilever entities reclassified from promoter to public category following the completion.
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32.91
(+0.61%)
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