Disclosure under Regulation 31A(10)(ii) of SEBI LODR Regulations 2015'.
KWIL · price
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Kwality Wall's (India) Limited has completed the transfer of 145,44,12,858 equity shares (representing 61.90% of equity share capital) from the Unilever group entities (Outgoing Promoters) to The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (Incoming Promoter) on 30th March 2026, as per the Share Purchase Agreement dated 25th June 2025. Following this acquisition, the Incoming Promoter has gained control of the Company and has been classified as the new promoter. Consequently, the Outgoing Promoters, who now hold zero shares in the Company, have been reclassified from the 'promoter' category to the 'public' category under Regulation 31A(10) of SEBI LODR Regulations. An open offer by the Incoming Promoter to public shareholders is also underway in connection with this transaction.
This marks a complete change of control at Kwality Wall's — Unilever has fully exited as promoter and The Magnum Ice Cream Company (a Magnum spin-off entity) has taken over as the new controlling shareholder. Shareholders should note the shift in promoter identity, which could affect strategic direction, while an open offer to public shareholders is also in process.