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ALBERTDAVD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Albert David Limited announced appointment of Mr. Amit Mahla as CEO effective May 12, 2026, filling a vacancy left by Mr. Umesh Manohar Kunte who resigned as Managing Director & CEO on December 18, 2025 (approximately 5 months prior). The company reported audited FY2026 results showing revenue of Rs 33,359.81 lakhs but a net loss of Rs 149.47 lakhs, a sharp decline from FY2025 profit of Rs 1,720.08 lakhs. The board recommended a final dividend of Rs 5 per share (50%) for FY2026, subject to shareholder approval at the 87th AGM on August 6, 2026. Record date for dividend is July 30, 2026.
The company saw a significant turnaround from profit to loss in FY2026. The new CEO appointment after a 5-month vacancy brings experienced pharmaceutical leadership, which could be positive for strategic direction. However, the financial performance deterioration may concern investors in the near term despite the dividend announcement.