Kwality Ltd.'s board approves appointment of new statutory auditors

Kwality Ltd., amongst largest and fastest growing private dairy companies in India, today announced that the Board has considered and approved appointment of MSKA and Associates ('MSKA') as its new statutory auditors for the period FY 2017-18 to FY 2021-22, subject to approval from shareholders in Annual General Meeting proposed to be held in Sep' 2017.

India based MSKA, is a member firm of BDO network, which is world's fifth largest in terms of geographic footprint with presence in 159 countries with over 1,400 offices and 67,700 professionals. The renowned Chartered Accountancy Firm specializes in providing high-end services in Tax, Regulatory and Audit Assurance domain.

With a team of 10 Partners and over 200 employees with rich experience, the company serves top-notch Multinational Companies and Indian Corporates across industries including Technology, Services, Real Estate, Manufacturing and Distribution Segments. Having presence in seven cities - Bengaluru, Chennai, Kolkata, Hyderabad, Mumbai, Delhi/NCR - Gurgaon and Pune, MSKA has extensive experience in delivering assurance services, adopt best global practices, and audit tools to address dynamic service needs of its clients.

Commenting on the development, Nawal Sharma, President and Head Business Transformation, Kwality Ltd., said, "This is a significant development as part of our transformation. For us, Business transformation is more than changing our business model towards B2C, it's about changing the DNA of the organization with an aim to be a world-class company in terms of quality and professional standards.

As a company, it is our continuous endeavor to streamline process, build and implement process oriented frameworks to ensure adherence to supreme level of corporate governance within the organization. To achieve this, collaborations and associations with domain experts and specialist organizations is essential. We strongly believe, this association would further add credibility and bolster the confidence of all stakeholders of our company.