The Board of Directors of Kwality Ltd at its meeting held on July 11, 2018 have discussed and deliberated at length the issues connected with recession in Global Market specifically slowdown of Dairy Product business in UAE., thereby, the business operations of Kwality Dairy Products FZE Dubai- UAE (A wholly owned Subsidiary) of the Company, are hindered especially due to heavy slum in International price of SMP and AMF, having impact on the business of the Company. The Board unanimously decided to close business operations of Kwality Dairy Products FZE Dubai- UAE (A wholly owned Subsidiary) of the Company in phased manner.
Mr. Sidhant Gupta Non-Executive Director has tendered his resignation, which was accepted by the Board with immediate effect.
Shares of Kwality Limited was last trading in BSE at Rs.18 as compared to the previous close of Rs. 18.75. The total number of shares traded during the day was 828393 in over 1988 trades.
The stock hit an intraday high of Rs. 19.25 and intraday low of 17.9. The net turnover during the day was Rs. 15179888.