Meeting Details
The 87th Annual General Meeting of Albert David Limited was held on Thursday, August 6, 2026, at 09:30 AM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
The meeting was chaired by Mr. Arun Kumar Kothari (DIN: 00051900), Executive Chairman of the Company, who confirmed the presence of requisite quorum as required under the Companies Act, 2013. Also present were Directors, Key Managerial Personnel (KMPs), representatives of Secretarial Auditors, Statutory Auditors, and the Scrutinizer.
Business Conducted
Ordinary Business
1. Adoption of Financial Statements: Shareholders adopted the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors thereon (Ordinary Resolution).
2. Dividend Declaration: Shareholders declared a dividend of ₹5 per equity share (face value ₹10 each) for the financial year ended March 31, 2026 (Ordinary Resolution).
3. Director Re-appointment: Ms. Prabhawati Devi Kothari (DIN: 00051860), who retired by rotation, was re-appointed as Director (Ordinary Resolution).
Special Business
4. Cost Auditor Remuneration: Shareholders ratified the remuneration of Cost Auditors for the financial year 2026-2027 (Ordinary Resolution).
5. Executive Chairman Remuneration: Shareholders approved a revision in remuneration payable to Mr. Arun Kumar Kothari (DIN: 00051900), Whole-time Director designated as Executive Chairman, for the period from April 1, 2026, to March 31, 2027 (Special Resolution).
6. Director Regularization: Mr. Amit Mahla was regularized as Director of the Company (Ordinary Resolution).
7. CEO Appointment: Mr. Amit Mahla (DIN: 11767012) was appointed as Whole-time Director & CEO for a period of 5 years effective from June 19, 2026, to June 18, 2031, with remuneration fixed for the period from June 19, 2026, to March 31, 2027 (Special Resolution).
Voting Process
The Company provided remote e-voting facilities through National Securities Depository Limited (NSDL) for members registered as of July 30, 2026 (Cut-off Date). The remote e-voting period commenced on Monday, August 3, 2026, at 9:00 AM IST and concluded on Wednesday, August 5, 2026, at 5:00 PM IST. E-voting was also available during the AGM for members who had not cast their votes remotely.
CS Ashok Kumar Daga (CP No. 2948), Practicing Company Secretary, was appointed as the Scrutinizer for both remote e-voting and e-voting during the AGM under Section 108 of the Companies Act, 2013.
Documentation and Availability
The Annual Report for FY 2025-26 along with the Notice of the 87th AGM was sent electronically on July 13, 2026, to members with registered email addresses. These documents were also available on the Company's website, NSDL's website, and the websites of BSE and NSE. Statutory Registers and other documents mentioned in the Notice were available for electronic inspection on NSDL's website during the AGM.
Meeting Conclusion
The AGM concluded at 10:43 AM IST on August 6, 2026. The scrutinized voting results will be placed on the Company's website and forwarded to the Stock Exchanges and depositories for disclosure on their websites within the prescribed timeframe.