Resignation of Mr. Umesh Manohar Kunte as Director w.e.f 18-12-2025.
ALBERTDAVD · price
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Mr. Umesh Manohar Kunte (DIN: 03398438) has resigned from the board of Albert David Ltd, stepping down as Managing Director, Chief Executive Officer, and Director effective from the close of business hours on 18 December 2025. The reason cited is personal reasons and priorities, and he has also given a three-month notice period in his resignation letter. The Board accepted his resignation at its meeting held on 18 December 2025 and recorded appreciation for his contributions. With this exit, Mr. Kunte will also cease to be a Key Managerial Person (KMP) of the company under Section 203 of the Companies Act, 2013.
The sudden exit of the top leadership (MD & CEO) of a single MD-led company may create short-term uncertainty around strategy and continuity, which investors should monitor. Watch for an announcement regarding the appointment of a new MD/CEO, as the lack of a successor plan could weigh on sentiment.