Albert David Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 02, 2025
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Albert David Limited held its 86th Annual General Meeting on August 2, 2025, via video conferencing, chaired by Executive Chairman Mr. Arun Kumar Kothari. All 7 resolutions in the notice were passed by shareholders through e-voting. Key approvals included adoption of FY25 audited financial statements, declaration of a dividend of Rs. 5 per equity share (on face value of Rs. 10), and re-appointment of Mr. Kothari (who retires by rotation). M/s. MKB & Associates was appointed as Secretarial Auditors for a five-year term (FY26 to FY30). Two special resolutions were also passed to revise the remuneration of the Executive Chairman and the Managing Director & CEO, Mr. Umesh Manohar Kunte, for FY26. The meeting, which ran from 9:30 AM to 10:43 AM, had voting open from July 30 to August 1, 2025, with CS Ashok Kumar Daga acting as scrutinizer.
Shareholders are set to receive a Rs. 5 per share dividend for FY25, signaling steady returns. The smooth passing of all resolutions, including increased pay for top executives, indicates shareholder confidence in current leadership and governance.