Albert David shareholders approved a final dividend of ₹5.00 per equity share for FY26 at its 87th Annual General Meeting held on August 6, 2026. The payout, drawn from accumulated reserves, totals ₹285.36 lakh across 57,07,162 equity shares.

The meeting also saw the appointment of Mr. Amit Mahla as Whole-time Director and Chief Executive Officer for a five-year term starting June 19, 2026. Shareholders further approved a revision in the remuneration of Executive Chairman Mr. Arun Kumar Kothari for the period April 1, 2026, to March 31, 2027.

Governance and Board Changes

Mrs. Prabhawati Devi Kothari was re-appointed as a Non-Executive Director after retiring by rotation. The resolution received near-unanimous support, with 99.99% of votes polled in favor. Only 501 votes were cast against her re-appointment, all from public non-institutional holders.

Mr. Mahla’s appointment as an Additional Director was regularized through an ordinary resolution. A separate special resolution granted his five-year tenure as CEO, effective June 19, 2026, to June 18, 2031. His remuneration for the initial period up to March 31, 2027, was approved subject to Section 197 of the Companies Act, 2013.

Voting Participation

Institutional investors showed high engagement, with 90.16% of shares held by public institutional holders being polled. Promoter group participation varied by resolution, ranging from 77.99% on the Chairman’s remuneration revision to 100% on the dividend declaration. Public non-institutional participation remained low at approximately 1.2% across most resolutions.

Auditor Ratification

Shareholders ratified the remuneration of M/s. S. Gupta & Co., Cost & Management Accountants, Kolkata, for the financial year 2026-2027. The approved fee is ₹70,000 plus applicable taxes and out-of-pocket expenses. The resolution passed with 100% support from promoter and institutional voters.

All seven resolutions placed before the AGM, including ordinary and special business items, were passed with the requisite majority. The Statutory Auditors’ Report for FY26 contained no qualifications or adverse remarks.

Albert David Limited shareholders approved a dividend of ₹5 per equity share of ₹10 each for the financial year ended March 31, 2026, alongside the appointment of Amit Mahla as Whole-time Director & CEO, at the company’s 87th Annual General Meeting (AGM) held on August 6, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw all seven proposed resolutions pass with requisite majority, signaling strong shareholder backing for the company’s leadership continuity and capital distribution plans.

The AGM was convened in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Arun Kumar Kothari, Executive Chairman, presided over the proceedings. CS Ashok Kumar Daga (CP No. 2948) served as the Scrutinizer for the remote e-voting process, which ran from August 3 to August 5, 2026. The record date for voting eligibility was July 30, 2026.

Key Resolutions Passed

Shareholders voted on ordinary and special business items, including financial statements, dividend declaration, director appointments, and remuneration revisions. All resolutions received overwhelming support from promoter and institutional investors.

Arun Kumar Kothari’s remuneration was revised for the period from April 1, 2026, to March 31, 2027. This resolution required shareholder consent under Section 197 of the Companies Act, 2013. Votes cast by interested parties, including Mrs. Vedika Kothari, Mr. Anand Vardhan Kothari, and Kothari Phytochemicals Industries Limited, totaling 667,200 shares, were excluded from the count in compliance with Regulation 23(4) of SEBI LODR.

Leadership and Governance Updates

Amit Mahla was regularized as a Director and subsequently appointed as Whole-time Director & CEO effective June 19, 2026. His five-year term extends until June 18, 2031. His remuneration for the period from June 19, 2026, to March 31, 2027, was also approved by shareholders. Ms. Prabhawati Devi Kothari, who retired by rotation, was re-appointed as a director after offering herself for re-election.

The company also ratified the remuneration payable to its Cost Auditors, M/s. S. Gupta & Co., Kolkata, for the financial year 2026-2027. The approved fee is ₹70,000 plus applicable taxes and out-of-pocket expenses, as recommended by the Audit Committee and approved by the Board.

What the Numbers Show

The unanimous or near-unanimous approval of key resolutions highlights strong alignment between the promoter group and public shareholders. The promoter group held 3,551,958 shares and voted in favor of all resolutions where they were not conflicted. The appointment of a long-term CEO suggests a strategic push for consistent execution and growth planning over the next five years, while the declared dividend reflects the company’s commitment to returning value to shareholders despite maintaining operational stability.