Andrew Yule & Company Ltd — Updates, 30-05-2025: Company Update

Andrew Yule & Co. Ltd. has been fined Rs. 13.92 lakh by BSE for non-compliance with board composition and committee requirements during the quarter ended March 2025. This occurred because all three Independent Directors completed their tenure in November 2024, leaving the Board without any Independent Directors, resulting in lapses like absence of a woman director and non-constitution of key committees. The company has requested a waiver of the fine, citing its status as a Central Public Sector Enterprise where director appointments are controlled by the President of India, and is working with its administrative ministry to appoint the required Independent Directors to restore compliance.