Resignation of Mr. Umesh Manohar Kunte, Managing Director w.e.f. 18-12-2025.
ALBERTDAVD · price
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Mr. Umesh Manohar Kunte has resigned from the Board of Albert David Ltd as Managing Director, CEO, and Director, effective from the close of business hours on December 18, 2025. The resignation is cited as being due to personal reasons and priorities, with a three-month notice period mentioned. He will also cease to be a Key Managerial Person under the Companies Act, 2013. The Board accepted the resignation at its meeting held on the same day and recorded appreciation for his services. No successor or replacement has been announced in this filing.
The sudden exit of the MD & CEO, a top leadership role, may create short-term uncertainty around strategic continuity and could be viewed negatively by the market until a successor is named. Shareholders should watch for a follow-up announcement regarding the appointment of a new MD/CEO.