Kwality Wall’s (India) Limited moved decisively on March 30, 2026, reshaping its promoter profile as Magnum Ice Cream Company HoldCo 1 Netherlands B.V. completed a substantial equity transfer that gives the incoming promoter control of the company. The board noted that Magnum acquired 61.90% of Kwality Wall’s equity shares, setting the stage for a promoter-led era. Alongside the control shift, the company also announced a broader governance refresh, including the reclassification of the outgoing promoters from the promoter category to the public, and the promotion of Magnum’s stake as the new controlling interest.