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

Andrew Yule & Co Ltd has announced its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, prepared by J.K. Das & Associates. The report highlights that the company’s Board of Directors, Audit Committee, and Nomination and Remuneration Committee lack the required number of independent directors, primarily because the company is a Central Public Sector Enterprise (CPSE) and director appointments are made by the Ministry of Heavy Industries. It also notes non-compliance with the minimum public shareholding requirement, with promoter holding at 89.25% and public holding at 10.75%. However, exemption and extended timelines have been granted to CPSEs by the Ministry of Finance. The company maintains compliance with other secretarial standards, disclosure norms, and policies with no additional non-compliances reported.