Albert David shareholders approve independent director appointment

Albert David Limited announced today that its shareholders have passed a special resolution through postal ballot, approving the appointment of Dr. Rajiv Anant Desai as an independent director. The appointment is for a period of five years, effective from August 2, 2025, to August 1, 2030.

The remote e-voting process, which commenced on August 18, 2025, and concluded on September 16, 2025, saw significant participation. Of the total 3,680,679 votes polled, 3,680,208 votes were cast in favor of the resolution, representing 99.98% of the valid votes. Only 471 votes were cast against the resolution, indicating strong shareholder support for the appointment.

The company engaged M/s. Shikha G & Associates, practicing company secretary, as the scrutinizer for the postal ballot process. The scrutinizer's report, dated September 17, 2025, confirmed that the resolution was passed with the requisite majority, in compliance with relevant regulations.