Resignation of Mr. Umesh Manohar Kunte as Chief Executive officer w.e.f 18-12-2025.
ALBERTDAVD · price
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Albert David Ltd has informed the stock exchanges that Mr. Umesh Manohar Kunte (DIN: 03398438) has resigned from his roles as Managing Director, Chief Executive Officer, and Director of the company, effective from the close of business hours on December 18, 2025. The reason cited is personal reasons and priorities. With this resignation, Mr. Kunte will also cease to be a Key Managerial Person under Section 203 of the Companies Act, 2013. He has given a notice period of three months. The board recorded its appreciation for his services and contributions during his tenure. The decision was taken at a board meeting held on December 18, 2025, which concluded at 19:20 IST.
This is a senior leadership exit at the promoter-driven Albert David Ltd, which may create short-term uncertainty for shareholders until a replacement MD/CEO is appointed. Investors should watch for any announcement on succession planning, as the company's strategic direction could be affected during the transition period.