Board OKs 3-year IP deal with Magnum IP at 0-1% royalty, key appointments
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved a 3-year IP licensing deal with Magnum IP Holdings (related party, same group) running till March 2029. Royalty set at 0% until March 2027, then 1% of turnover plus taxes for FY28 and FY29. This supersedes the transitional arrangement from the ice cream business demerger. Also, Mr. Rohit Jhunjhunwala steps down as Senior Management Personnel from July 1 for a new leadership role. Ms. Dimple Lalwani (13 years audit experience) appointed as Internal Auditor for FY27.
Zero royalty till March 2027 boosts margins post-demerger; small 1% drag later. Senior management exit signals restructuring. Mildly positive for shareholders.