Albert David Limited has informed the Exchange about Book Closure Dates for 87th AGM
ALBERTDAVD · price
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On the reaction day the stock moved 10.1 pts less than Nifty Microcap 250 and 9.4 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Albert David Limited's Board meeting on May 12, 2026 approved the appointment of Mr. Amit Mahla as CEO (effective immediately), filling a vacancy since Mr. Umesh Manohar Kunte resigned as Managing Director & CEO on December 18, 2025. The company reported FY2026 financial results with profit before tax of Rs. 52.49 Lakhs (down 98% from Rs. 2,522.77 Lakhs in FY2025), and a net loss of Rs. 149.47 Lakhs for the year. Revenue from operations declined to Rs. 33,359.81 Lakhs from Rs. 34,576.80 Lakhs. Statutory auditors L.B. Jha & Co. issued an unmodified audit opinion. The Board recommended a final dividend of Rs. 5 per share (50% on Rs. 10 face value), subject to shareholder approval at the 87th AGM scheduled for August 6, 2026 (record date: July 30, 2026). PwC was re-appointed as internal auditors and S. Gupta & Co. as cost auditors for FY2026-27.
The CEO appointment comes after a 5-month vacancy, providing leadership stability. However, the sharp decline in profitability (from Rs. 17.20 crore profit to a net loss) is a significant concern for shareholders, despite the clean audit opinion and positive dividend signal.