Kwality

ED seizes cash, luxury cars in case against ex-promoters of Kwality Ltd.

The Enforcement Directorate on Friday said it seized Rs 1.3 crore in cash and "evidence" related to shell companies after it searched the former promoters of dairy major Kwality Ltd. as part of a Rs 1,400 crore alleged bank fraud linked money laundering case. Luxury cars and demat accounts valued at about Rs 6.5 crore have also been frozen under the provisions of the Prevention of Money Laundering Act (PMLA), it said in a statement. The federal agency raided 15 locations in Delhi-NCR on November 27 in the case covering the premises of promoters and directors of the erstwhile company like Sanjay Dhingra and Siddhant Gupta apart from some "shell" (paper) companies related to them. Kwality Ltd. has been liquidated and is now with new owners. The ED case stems from a September 2020 CBI FIR filed against the said promoters and Kwality Limited, which was engaged in the processing and trading of milk, ice creams and other dairy products. The CBI FIR alleged that the said erstwhile compan

Flavour of all seasons: How India came to love ice creams

Don't like chocolate? Not a fan of vanilla? Maybe you're into fruit-flavoured ones? No matter what you like, there is a taste for everyone.

Kwality net loss narrows to Rs 14.52 crore in September quarter

Debt-ridden dairy firm Kwality on Thursday reported narrowing of its consolidated net loss to Rs 14.52 crore for the September 2020 quarter.

CBI charges dairy products firm Kwality with Rs 1,400-crore bank fraud

The CBI has registered the case against Kwality and its directors Sanjay Dhingra, Siddhant Gupta, Arun Srivastava, besides other unidentified persons

NCLT asks Kwality lenders to reconsider Haldiram's Rs 145-cr revised offer

On November 2, the CoC had rejected Haldiram Snacks' Rs 142 crore resolution plan

Haldiram emerges sole bidder to buy insolvency-bound Kwality for Rs 130 cr

Kwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut

Leading foreign bank to drag Kwality to NCLT over Rs 12 billion default

According to sources, Kwality has debt of about 20 billion, of which 80 per cent has gone bad following poor business decisions

Homegrown Kwality to fight it out with Kellogg's to capture cereals market

Plans to set up second plant in Central India to go pan-India

Kwality down 5% as board defers proposed share buyback and bonus issue plan

The stock is locked in lower circuit of 5% at Rs 20.65, falling 75% in past three months, as compared to 5% rise in the S&P BSE Sensex.

Kwality extends fall despite board mulling bonus issue, share buyback

The stock dipped 5% to Rs 31.65, extending its 30% fall in past seven trading days on the BSE.

Kwality down for third straight day; plunges 34% in three days

The stock hit a fresh 32-month low of Rs 54.35, tanked 34% in past three trading sessions from Rs 82.15 on March 26, 2018.

Kwality hits 32-month low; stock tanks 27% in two days

The stock continued under pressure for the second day in a row, down 20% at Rs 60.35, trading at its lowest level since July 6, 2015.

A look at how dairy companies performed in the last 5 years

Kwality shares have cracked 13% in the last one month and 4% in the last one year

Kwality's new Haryana unit begins commercial production

With this, cumulative milk processing capacity of Kwality would reach 4.3 mn litres per day across 6 plants

Kwality surges after receiving funding commitment from PE fund

The stock hit a high of Rs 117.90 and a low of Rs 114.50 so far during the day

Kwality gains on plans to raise funds via term loan, NCDs

The board will meet on June 24 to discuss fund raising plans via term loan, NCDs upto Rs 300 crore

Kwality to invest Rs 500 cr to increase focus on retail

Dairy products player wants to increase share of retail sales to 70% from current 30% of its turnover in three years