Kwality Limited at the board meeting held on July 11, 2018, discussed and deliberated at length the issues connected with recession in Global Market specificaUy 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 AMP, 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.

The company announced that Mr. Sidhant Gupta, Non-Executive Director has tendered his resignation, which was accepted by the Board with immediate effect.