Outcome of Board Meeting

Ref.No.- 30/2026-27 Date: 6th November, 2026 Stock Code :- BSE: 544622 NSE: KWIL ISIN: INE2KCE01013 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, Exchange Plaza, 5th Floor, 2nd Floor, New Trading Wing, Plot No. C/1, G Block, Rotunda Building, P.J. Towers, Bandra – Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Sub: Outcome of the Board Meeting held on 6th November, 2026 Dear Sir/ Ma’am, This is further to our letter dated 3rd November, 2026, intimating the date of Board Meeting, inter alia, for consideration and approval of Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026. Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company, at its meeting held today i.e. 6th November, 2026, inter alia, based on the recommendation of Audit Committee, has considered and approved the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026 and noted the limited review report issued by the Statutory Auditors of the Company on such Financial Results. Please find enclosed herewith a copy of such approved Unaudited Financial Results along with the Limited Review Report issued by the Statutory Auditors of the Company. The Board Meeting commenced at 01:35 P.M. (IST) and concluded at 03:52 P.M. (IST). Please take the above information on record. Thanking you. Yours sincerely, For Kwality Wall’s (India) Limited Anand Upadhyay Company Secretary & Compliance Officer Membership No: A23622 Encl.: As above Kwality Wall’s (India) Limited Registered Office: 13th Floor, Oberoi Commerz II, International Business Park, Oberoi Garden City, Goregaon East, Mumbai, Maharashtra, India, 400063 CIN - L10505MH2025PLC437886 | Website – www.kwalitywallsindia.com | Phone: 022 45747000 | Email - kwalitywalls.india@magnumicecream.com Walker Chandiok & Co LLP 42nd Floor, Building Commerz III, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor’s Review Report on Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kwality Wall’s (India) Limited 1. We have reviewed the accompanying statement of unaudited financial results (‘the Statement’) of Kwality Wall’s (India) Limited (‘the Company’) for the quarter ended 30 Sept ember 2026 and the year to date results for the period 01 April 2026 to 30 September 2026, be ing submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’). Attention is drawn to the fact that the figures for the corresponding quarter ended 30 September 2025 and the year-to-date period from 01 April 2025 to 30 September 2025 have been approved by the Company’s Board of Directors but have not been subjected to audit or review. 2. The Statement, which is the responsibility of the Company’s management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, number AAC-2085 and has its registered Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India Kwality Wall’s (India) Limited Independent Auditor’s Review Report on Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Rohan Jain Partner Membership No.139536 UDIN: 26139536ZCXHSG3744 Place: Mumbai Date: 06 November 2026 Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification number Offices in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Dehradun, Goa, Gurugram, Guwahati, Hyderabad, Indore, AAC-2085 and has its registered office at L- Jaipur, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune 41, Connaught Circus, Outer Circle, New Delhi, 110001, India STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER 2026 (Rs. in millions) Quarter ended Six months ended For the period from 10th January, 2025 30th September, 30th June, 30th September, 30th September, 30th September, to 31st March, 2026 2026 2026 2025 2026 2025 Particulars Unaudited Unaudited Unaudited Unaudited Unaudited Audited (Refer Note 2) (Refer Note 2) (Refer Note 3) Revenue from operations Sale of products 4,530 8,678 3,187 13,208 10,627 22,003 Other operating revenue 106 105 3 0 211 161 450 Other income 3 6 1 5 - 5 1 - 3 TOTAL INCOME 4,672 8,798 3,217 13,470 10,788 22,456 EXPENSES Cost of materials consumed 1,002 1,797 1,023 2,799 3,044 7,898 Purchases of stock-in-trade 1,288 1,611 969 2,899 2,742 5,651 Changes in inventories of finished goods, work-in-progress and stock-in-trade 140 1,314 ( 194) 1,454 144 (1,514) Employee benefits expense 574 573 252 1,147 619 1,855 Finance costs 108 104 5 3 212 107 297 Depreciation and amortisation expense 409 403 355 812 701 1,723 Other expenses 1,396 2,454 1,729 3,850 4,025 9,662 TOTAL EXPENSES 4,917 8,256 4,187 13,173 11,382 25,572 Profit / (Loss) before exceptional items and tax ( 245) 542 ( 970) 297 ( 594) (3,116) Exceptional items (Refer Note 4) ( 7) 135 ( 24) 128 ( 24) (1,139) Profit / (Loss) before tax ( 252) 677 ( 994) 425 ( 618) (4,255) Tax credit / (expense) Current tax - - - - - - Deferred tax 8 0 ( 170) ( 8) ( 90) ( 8) 567 PROFIT / (LOSS) FOR THE QUART [Showing first 8,000 characters — download PDF for full document]