Albert David Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 5 per equity share.
ALBERTDAVD · price
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Albert David Limited's Board meeting on May 12, 2026 approved several key items. Mr. Amit Mahla was appointed as CEO, filling a vacancy left by Mr. Umesh Manohar Kunte's resignation from Managing Director & CEO position effective December 18, 2025. The company reported audited FY2026 results showing revenue of Rs. 33,359.81 Lakhs, a significant decline from Rs. 34,576.80 Lakhs in FY2025, with the company posting a loss of Rs. 149.47 Lakhs compared to a profit of Rs. 1,720.08 Lakhs in the previous year. The Board recommended a final dividend of Rs. 5 per equity share (50% of face value) for FY2026, subject to shareholder approval at the 87th AGM scheduled for August 6, 2026. Statutory auditors L.B. Jha & Co. issued an unmodified opinion on the financial results. PwC Services LLP and S. Gupta & Co. were re-appointed as internal and cost auditors respectively for FY2026-27.
The appointment of a new CEO with extensive pharma experience may provide positive sentiment, but weak financial performance with a net loss for FY2026 could weigh on investor confidence. The dividend recommendation provides some shareholder value support.