Kwality Wall's (India) Limited has informed the Exchange regarding Change in Auditors of the company.
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kwality Wall's (India) Limited held its Board meeting on 20th May 2026 to approve its first audited financial results since incorporation on 10th January 2025. The company reported a net loss of Rs 3,688 million for the period 10th January 2025 to 31st March 2026, with total income of Rs 22,456 million. The auditors M/s. Walker Chandiok & Co. LLP issued an unmodified opinion on the financial results. The Board also approved the appointment of Walker Chandiok & Co. LLP as Statutory Auditors for a term of five years, from the conclusion of the 1st AGM until the 6th AGM, subject to shareholder approval. This company was created through the demerger of Hindustan Unilever's Ice Cream Business, with Magnum Ice Cream Company HoldCo 1 Netherlands B.V now holding 61.91% stake as promoter.
The appointment of a Big 6 audit firm (Walker Chandiok) provides credibility for the newly listed company post-demerger. However, the significant operating losses and exceptional items may raise concerns for investors about the company's profitability trajectory.