Albert David Ltd: MD & CEO Umesh Manohar Kunte Resigns Effective Dec 18, 2025
Albert David Limited has announced the resignation of Mr. Umesh Manohar Kunte from his positions as Managing Director, Chief Executive Officer, and Director (DIN: 03398438). The resignation is effecti...
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Why is Albert David Limited in the news today?
Albert David Limited (ALBERTDAVD) is in the news due to the resignation of a key management personnel like the md and ceo is a significant event but the reason provided is personal, and the company has expressed appreciation for services rendered. the immediate impact is neutral as the company is likely to appoint a successor.
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Albert David Ltd: MD & CEO Umesh Manohar Kunte Resigns Effective Dec 18, 2025
December 18, 2025, 02:09 PM
Albert David Limited has announced the resignation of Mr. Umesh Manohar Kunte from his positions as Managing Director, Chief Executive Officer, and Director (DIN: 03398438). The resignation is effective from the closure of business hours on December 18, 2025, citing personal reasons and priorities.
The Company's Board of Directors accepted the resignation during a meeting held today, December 18, 2025. The board expressed its appreciation for Mr. Kunte's services and contributions during his tenure.
Following his resignation, Mr. Kunte will also cease to be a Key Managerial Person as per the Companies Act, 2013, and relevant SEBI Listing Regulations. The board meeting commenced at 17:00 HRS (IST) and concluded at 19:20 HRS (IST).
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