Albert David Limited has announced the resignation of a senior managerial personnel, informing both BSE and NSE about the organizational change through a regulatory filing dated March 10, 2026.

Key Personnel Change

Mr. Thakkar Rushabh Kishorbhai, who served as International Business Leader at the company, has tendered his resignation. His notice period concludes on March 27, 2026, marking the end of his tenure with the pharmaceutical company.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included detailed annexures as required under the amended regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Secretary and Compliance Officer Lalit Lohia signed the regulatory disclosure, ensuring proper documentation of the personnel change. The company also included internal HR correspondence confirming the resignation details.

Company's Response

Albert David Limited has placed on record its appreciation for the services rendered by Mr. Kishorbhai during his tenure. The company acknowledged his contributions to the organization, particularly in his role overseeing international business operations.

The resignation filing indicates that Mr. Kishorbhai's departure is due to a better job opportunity, representing a career advancement decision rather than any organizational issues.

Albert David Limited has announced a significant leadership change with the resignation of its Managing Director and Chief Executive Officer. The pharmaceutical company, which manufactures allopathic and herbal formulations, I.V. infusions, and medical disposables, informed the stock exchanges about this development on December 18, 2025.

Leadership Transition Details

The Board of Directors accepted the resignation of Mr. Umesh Manohar Kunte from his multiple roles within the company during their meeting held on December 18, 2025. The resignation encompasses his positions as Managing Director, Chief Executive Officer, and Director.

Regulatory Compliance and Communication

The resignation was communicated to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting that addressed this matter commenced at 17:00 hours IST and concluded at 19:20 hours IST on December 18, 2025.

With Mr. Kunte's resignation, he will also cease to be a Key Managerial Person under the provisions of Section 203 and other applicable provisions of the Companies Act, 2013. This change also affects his status under Regulation 30(5) of the SEBI Listing Regulations for determining materiality of events and information for disclosure to stock exchanges.

Official Resignation Letter

In his resignation letter dated December 18, 2025, addressed to the Chairman and Board of Directors, Mr. Kunte stated his intention to resign from the board and from the post of Managing Director CEO due to personal reasons and priorities. He requested the company to complete the necessary formalities to relieve him from his duties.

Mr. Kunte expressed gratitude in his resignation communication, thanking the entire Board and Albert David Limited family for what he described as a "wonderful and fruitful association." He also extended his wishes for the company's future success in all endeavors.

Company's Response

Albert David Limited has placed on record its deep sense of appreciation for the services rendered by Mr. Kunte and acknowledged his contributions to the company during his tenure. The company secretary and compliance officer, Lalit Lohia, signed the regulatory filing communicating this development to the stock exchanges.

About Albert David Limited

Albert David Limited operates as a unit of the Kothari Group and is engaged in manufacturing allopathic and herbal formulations, I.V. infusions, and medical disposables. The company maintains its registered office at Block-D, 3rd Floor, Gillander House, 8, Netaji Subhas Road, Kolkata-700001, and operates factories in Kolkata and Ghaziabad, with sales depots in Kolkata, Lucknow, and Patna.