Albert David Limited has informed the Exchange about appointment of MKB & Associates as Secretarial Auditors for a period of 5 years subject to shareholders approval at 86th AGM.
ALBERTDAVD · price
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Awaiting price reaction for this filing.
Albert David Limited reported audited FY25 results with revenue from operations at Rs. 34,576.80 lakhs (down from Rs. 36,246.17 lakhs in FY24). Net profit fell sharply to Rs. 1,720.08 lakhs from Rs. 7,542.01 lakhs, and the company slipped into a Q4 loss of Rs. 1,032.79 lakhs versus a profit of Rs. 1,291.26 lakhs in Q4 FY24. The Board recommended a final dividend of Rs. 5 per share (50%) subject to shareholder approval at the 86th AGM on August 2, 2025, with July 25, 2025 as the record date. Statutory auditors L.B. Jha & Co. issued an unmodified opinion. PwC was reappointed as internal auditor and S. Gupta & Co. as cost auditor for FY26, while MKB & Associates was appointed as secretarial auditor for five years.
Sharp decline in profitability and a Q4 loss are negative signals for the stock, though the maintained dividend payout and clean audit opinion offer some stability. No material governance changes beyond routine auditor appointments.