Proceedings of 87th Annual General Meeting

Ref: ABC/AS/AGM/87 August 6, 2026 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Plot No. C-1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001. Mumbai – 400051. Scrip Code: 524075 Symbol: ALBERTDAVD Dear Sir, Sub: Outcome of 87th Annual General Meeting We enclose, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), a summary of the proceedings of the 87th Annual General Meeting ('AGM') of the Company held on Thursday, 6th August, 2026 through Video Conferencing/Other Audio Visual Means (“VC/OAVM”), in compliance with the circulars issued by the Ministry of Corporate Affair (“MCA”) and the Securities and Exchange Board of India (“SEBI”), in this regards. Please take the above information on record. Thanking you, Yours faithfully, For Albert David Limited ( Lalit Lohia ) Company Secretary & Compliance officer Summary of proceedings of the 87th Annual General Meeting The 87th Annual General Meeting (“AGM”) of the Members of Albert David Limited (“the Company”) was held on Thursday, 6th August, 2026 at 09.30 a.m. (IST) through Video Conferencing/Other Audio Visual Means (“VC/OAVM”). Mr. Arun Kumar Kothari (DIN: 00051900), Executive Chairman of the Company took the Chair of the Meeting, and welcomed the Members participating in the AGM, confirmed the presence of requisite quorum as required under the provisions of the Companies Act, 2013 and declared the meeting in order followed by welcoming all the Directors and KMPs present at the AGM. He also confirmed the presence of the representatives of the Secretarial Auditors, Statutory Auditors, and the Scrutinizer for the meeting. The Executive Chairman informed the Members that, in compliance with the circulars issued by the Ministry of Corporate Affair (“MCA”) and the Securities and Exchange Board of India (“SEBI”), the meeting was held through Video Conferencing/Other Audio Visual Means. Thereafter, Mr. Amit Mahla (DIN:11767012), Additonal Director & CEO of the Company, welcomed all the Members attending the AGM and briefed the Members about the basic information and instructions pertaining to the AGM as under:  In conformity with the regulatory provisions and the Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the company has made requisite arrangements for the Members to join the AGM through video conferencing via NSDL platform.  In accordance with the relevant circulars of MCA & SEBI, the Annual Report for the Financial Year 2025-26 along with the Notice of 87th AGM has been sent on 13th July, 2026 by electronic mode only to those Members whose email addresses were registered with the Company/ RTA/ Depository Participants and also informed that the same were available on the Company’s website, NSDL’s website and also on the website of the Stock Exchanges i.e. BSE Limited (“BSE”) & National Stock Exchange of India Limited (“NSE”). Thereafter, with the permission of the Members, the Notice was taken as read.  He further informed that the Auditor’s Report on the Financial Statements and the Secretarial Audit Report with the permission of the Members were taken as read.  He further informed that as per the relevant circulars of MCA & SEBI, documents such as Statutory Registers and other documents as mentioned in the Notice of the AGM are available for inspection electronically at the website of NSDL during the AGM.  The meeting was held through VC/OAVM, there were no requirements for proxies as per the relevant circular of MCA & SEBI. Thereafter, Mr. Arun Kumar Kothari, Executive Chairman along with Mr. Amit Mahla, Additional Director & CEO of the company (on distributional basis), proceeded with the adoption of the following Ordinary Business and Special Business of the Notice dated 19th June, 2026 convening this AGM; Ordinary Business: 1) Adoption of Audited Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon. (Ordinary Resolution) 2) Declaration of Dividend of Rs.5/- per equity share of Rs.10/- each for the financial year ended on 31st March, 2026. (Ordinary Resolution) 3) Appointment of Ms. Prabhawati Devi Kothari (DIN: 00051860), who retires by rotation and being eligible, offers herself for re-appointment. (Ordinary Resolution) Special Business: 4) Ratification of remuneration of the Cost Auditors for the financial year 2026-2027. (Ordinary Resolution) 5) Revision in remuneration payable to Mr. Arun Kumar Kothari (DIN: 00051900), Whole-time Director designated as Executive Chairman of the Company for the period from 1st April, 2026 to 31st March, 2027. (Special Resolution) 6) Regularisation of Mr. Amit Mahla, Additional Director by appointing him as Director of the Company. (Ordinary Resolution) 7) Appointment of Mr. Amit Mahla (DIN: 11767012) as a Whole-time Director & CEO of the Company for a period of 5 years w.e.f. 19th June, 2026 to 18th June 2031 and fix his remuneration for the period from 19th June, 2026 to 31st March, 2027. (Special Resolution) The Executive Chairman then invited the Member-Speakers, who had registered themselves as speakers with the Company, if they need any clarifications or have any observations with respect to the above- mentioned agenda items. Mr. Lalit Lohia, the Company Secretary of the Company, provided general instructions to the Speakers and then invited the Speakers to seek views/raise queries. Thereafter, the Executive Chairman, Additional Director & CEO and the Chief Financial Officer of the Company responded to the queries raised by the Speakers. The Company Secretary then informed the Members present, that the Company, in accordance with the Companies Act, 2013 & the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, had provided facility to all the Members whose names appeared in the records of the Company as on Thursday, 30th July, 2026 (“the Cut-off Date") to exercise their votes on the items of businesses given in the Notice through remote electronic voting system (remote e-voting) provided by National Securities Depository Limited. The remote e-voting period commenced on Monday, 3rd August, 2026 at 9.00 A.M. (IST) and concluded on Wednesday, 5th August, 2026 at 5.00 P.M. (IST). The Company Secretary enlightened the Members that the availability of the e-voting system during the AGM for those present in the meeting and who had not yet cast their votes through remote e-voting. Thereafter, the Company Secretary informed the Members that the Board has appointed CS Ashok Kumar Daga (CP No. 2948), Practicing Company Secretary as the Scrutinizer for the remote e-voting under Section 108 of the Companies Act, 2013 and also for the e-voting system during the AGM. All the Resolutions for consideration at the AGM in respect of the items set out in the Notice dated 19th June, 2026, were voted by the Members through remote e-voting and e-voting during the AGM. The Company Secretary then briefed the e-voting process and announced that the scrutinizer would submit the Consolidated Voting results after taking into account the remote e-voting and e-voting during the AGM and the same would be placed on the Company’s website and would be forwarded to the Stock Exchanges and to depositories for displaying on their respective websites within the prescribed time. Thereafter, the Chairman thanked the Members for attending and participating in the Meeting and there being no other business, declared the proceedings to be closed. The 87th Annual General Meeting was concluded at 10:43 A.M. (IST). Thanking you, Yours faithfully, For Albert David Limited ( Lalit Lohia ) Company Secretary & Compliance officer