Albert David Limited has informed the Exchange regarding Change in Auditors of the company.
ALBERTDAVD · price
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Albert David Limited announced its audited financial results for Q4 and FY ended March 31, 2025, along with a final dividend recommendation. Revenue from operations for FY25 stood at Rs. 34,576.80 lakhs, down from Rs. 36,246.17 lakhs in FY24. Profit after tax fell sharply to Rs. 1,720.08 lakhs from Rs. 7,542.01 lakhs a year earlier, while Q4 FY25 slipped into a loss of Rs. 1,032.79 lakhs versus a profit of Rs. 1,291.26 lakhs in Q4 FY24, largely due to negative other income. The Board recommended a final dividend of Rs. 5.00 per share (50% on Rs. 10 face value), with a record date of July 25, 2025, and the 86th AGM scheduled for August 2, 2025. PricewaterhouseCoopers Services LLP was reappointed as Internal Auditor, M/s. MKB & Associates appointed as Secretarial Auditor for five years, and M/s. S. Gupta & Co. reappointed as Cost Auditor. Statutory Auditor L. B. Jha & Co. issued an unmodified opinion.
Shareholders will receive a Rs. 5 per share dividend, but the steep year-on-year decline in profits and the Q4 loss may weigh on short-term investor sentiment. The reappointments of established audit firms, including a Big 4 internal auditor, signal continuity in governance without major disruption.