Albert David Limited at its board meeting held on August 10, 2023 approved and taken on record, resignation of Mr. Arindam Sarkar (DIN: 06938957), Independent Director of the Company we.f 9 August, 2023, due to his personal reasons and other professional commitments and Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Shourya Sengupta (DIN: 0009216561) as an Additional (Independent) Director on the Board of the Company with effect from 10 August, 2023. Mr. Shourya Sengupta is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India (SEBI) or the Ministry of Corporate Affairs or any such other statutory authority. The company also announced change of composition of nomination and remuneration committee from Mr. R. Singhi (Chairman) Mr. A. K. Kothari (Member) Mr. H. Kampani (Member) Mr. A. Sarkar (Member) to Mr. R. Singhi (Chairman) Mr. A. K. Kothari (Member) Mr. H. Kampani (Member) Mr. S. Sengupta (Member) and composition of CSR Committee has been changed from Mr. A. K. Kothari (Chairman) Mrs. P. D. Kothari (Member) Mr. S. G. Belapure (Member) Mr. A. Sarkar (Member) to Mr. A. K. Kothari (Chairman) Mrs. P. D. Kothari (Member) Mr. S. G. Belapure (Member) Mr. S. Sengupta (Member).

Mr. Shourya Sengupta is a Partner in the Corporate and Commercial practice group in the Kolkata office, Khaitan & Co. He specializes in M&A, private equity, JV, foreign investments and collaborations, business transfer arrangements, corporate restructurings and general corporate advisory. He represents various domestic and international clients in a range of sectors including healthcare and pharmaceuticals, fashion and retail, FMCG, manufacturing, ed-tech, tea and logistics.

Mr. Sengupta has also featured as a Recommended Lawyer in India by the prestigious RSG India Report 2019. Professional Affiliations: Bar Council of Delhi.