Albert David MD and CEO Umesh Kunte resigns effective December 18
ALBERTDAVD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.9 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Albert David Limited has accepted the resignation of Mr. Umesh Manohar Kunte from the positions of Managing Director, CEO and Director effective from close of business on December 18, 2025. The resignation is due to personal reasons and priorities. Mr. Kunte will also cease to be a Key Managerial Person under Section 203 of the Companies Act 2013. His letter mentions a three month notice period. The company has placed on record its appreciation for his services.
Top leadership vacuum at MD and CEO level. Watch for successor announcement; short term strategic uncertainty possible.