Response to IiAS and SES Voting Recommendations - Kwality Wall''s (India) Limited

Kwality Walls (India) Ltd has responded to voting recommendations from proxy advisory firms Institutional Investor Advisory Services (IiAS) and Stakeholders Empowerment Services (SES) regarding two postal ballot resolutions. The resolutions concern the appointment of Mr. Chitrank Goel as Executive Director designated as Deputy Managing Director and Mr. Prashant Premrajka as Executive Director and Chief Financial Officer. The proxy advisors had issued voting recommendations on these appointments from the postal ballot dated 15th April, 2026. The company filed its formal response on 11th May, 2026, requesting dissemination through BSE and NSE platforms so shareholders can consider the response before voting. The company has provided its rationale or counter-arguments to address any concerns raised by the proxy advisors.