Albert David Limited has informed the Exchange regarding voting results of undefined held on August 02, 2025
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Albert David Limited filed the minutes of its 86th Annual General Meeting held on August 2, 2025 via video conferencing, attended by 45 shareholders holding 35,54,949 equity shares. All 7 resolutions were passed with the requisite majority, including adoption of the FY25 audited financial statements and a final dividend of Rs. 5 per equity share (50%), absorbing Rs. 285.36 lakhs. Shareholders also approved the re-appointment of Executive Chairman Arun Kumar Kothari, ratification of cost auditors' remuneration (S. Gupta & Co., Rs. 65,000), and the appointment of MKB & Associates as secretarial auditors for five years (FY26–FY30). Two special resolutions revising the remuneration of Executive Chairman Kothari and MD & CEO Umesh Manohar Kunte for FY 2025-26 were also passed, with promoter group voting 100% in favor but public institutional holders recording about 26% dissent.
The Rs. 5 per share dividend declaration is a positive signal for income-focused shareholders, and near-unanimous approval of routine resolutions reflects stable governance. The roughly 26% dissent from public institutional holders on the executive pay revisions is a minor red flag worth monitoring, though both special resolutions passed comfortably.