Albert David Limited has informed the Exchange regarding voting results of Annual General Meeting held on August 02, 2025
ALBERTDAVD · price
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Albert David Limited held its 86th AGM on August 2, 2025 via video conferencing, with 45 shareholders holding 35,54,949 equity shares participating. All 7 resolutions (5 ordinary and 2 special) were passed with requisite majority. Key items included adoption of audited financial statements for FY25, declaration of a dividend of Rs. 5.00 per share (50% on face value of Rs. 10), absorbing Rs. 285.36 Lacs in total. Shareholders also approved the re-appointment of Executive Chairman Arun Kumar Kothari, ratification of cost auditor remuneration of Rs. 65,000 for FY26, and appointment of M/s MKB & Associates as secretarial auditors for a 5-year term (FY26–FY30). The two special resolutions covered revisions in remuneration for the Executive Chairman and MD & CEO for FY26, both passing with over 98.9% in favour. The statutory auditors' report had no qualifications or adverse remarks.
Routine AGM outcome — dividend of Rs. 5/share is the main tangible benefit for shareholders. Director re-appointments and KMP remuneration revisions were comfortably approved, indicating stable governance with no material shareholder dissent on key matters.