Kwality Wall's (India) Limited (KWIL) — Board Meeting | 29 June 2026(3 announcements)

KWIL announced the outcome of its 29th June 2026 board meeting, approving a three-year IP agreement with Magnum IP ending March 2029 with 0% royalty until March 2027 and 1% of net sales thereafter, while also appointing Dimple Lalwani as internal auditor and accepting Rohit Jhunjhunwala's cessation as senior management personnel effective 1st July 2026.

Kwality Wall's (India) Limited announced the outcome of its 29th June 2026 board meeting, approving a three-year intellectual property agreement with Magnum IP that reduces royalty to 0% until 31st March 2027 and sets a 1% turnover-based rate for FY 2027-28 and FY 2028-29, while ceasing Senior Management Personnel Rohit Jhunjhunwala effective 1st July 2026 and appointing Dimple Lalwani as Internal Auditor for FY 2026-27.

The Board approved a three-year IP agreement with Magnum IP ending March 2029, setting 0% royalty until March 2027 and 1% of net sales plus taxes for FY 2027-28 and 2028-29, while granting a royalty moratorium until March 2027 to support post-demerger investments. Mr. Rohit Jhunjhunwala ceased as Senior Management Personnel effective 1st July 2026, and Ms. Dimple Lalwani was appointed Internal Auditor for FY 2026-27.