Outcome of Board Meeting held on Jun 29, 2026

Kwality Wall’s (India) Limited's Board of Directors approved a three-year intellectual property agreement with Magnum IP Holdings B.V., which will end on 31st March 2029. The agreement includes a royalty rate of 0% until 31st March 2027, followed by 1% of turnover for the next two financial years. A royalty moratorium has been granted until 31st March 2027 to support the company's investments and stabilization efforts following the demerger of its ice cream business.

Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.

• Margin trend against the prior period
• Cash from operations against reported profit
• Whether prior guidance is reaffirmed