Outcome of the Board Meeting held on 20th May, 2026
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited financial results for the period 10th January 2025 to 31st March 2026. Total income was Rs 22,456 million, but the company reported a loss before tax of Rs 4,255 million and net loss of Rs 3,688 million. Loss per share stood at Rs 1.57. The auditors issued an unmodified (clean) opinion. The company also appointed Walker Chandiok & Co. LLP as statutory auditors for 5 years subject to shareholder approval. This is Kwality Walls' first full financial results since being spun off from Hindustan Unilever via demerger, listed on stock exchanges in February 2026. Magnum Ice Cream HoldCo Netherlands now holds 61.91% stake following the open offer that concluded in May 2026.
The company is currently loss-making with significant accumulated losses. While the clean audit provides assurance, shareholders should monitor the turnaround plan as Magnum takes control. The stock may see volatility given the financial losses and recent ownership changes.