Albert David Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 02, 2025
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Albert David Limited has issued the notice for its 86th Annual General Meeting to be held on Saturday, August 2, 2025, at 9:30 AM via video conferencing. Key items on the agenda include adopting the audited financial statements for FY25, declaring a final dividend of Rs. 5 per equity share (50% on face value of Rs. 10), and re-appointing Executive Chairman Mr. Arun Kumar Kothari, who retires by rotation. Special business includes ratifying the cost auditors' remuneration, appointing M/s. MKB & Associates as secretarial auditors for five years, and seeking shareholder approval for revised remuneration for the Executive Chairman and the MD & CEO. The cut-off date for e-voting eligibility is July 25, 2025, with the remote e-voting window running from July 30 to August 1, 2025. The dividend, if approved, will be paid on August 7, 2025, to shareholders on the record date of July 25, 2025.
This is a routine AGM notice giving shareholders the opportunity to vote on the Rs. 5 per share dividend, director re-appointment, and executive remuneration revisions. The proposed 50% dividend is a steady payout, while the two special resolutions on pay hikes for the Chairman and MD/CEO will require majority approval from non-interested shareholders.