Andrew Yule & Company Ltd — Important, 28-11-2025: Company Update

Andrew Yule & Co. Ltd. (AYCL) received a notice from BSE Ltd. imposing a fine of Rs. 6.42 lakh for non-compliance with board composition rules for the September quarter. AYCL has sought a waiver of this fine. The company explained that as a Central Public Sector Enterprise, the power to appoint directors rests with the President of India. AYCL is also working with its administrative ministry to ensure the appointment of required Independent Directors, addressing the underlying issue. This development highlights corporate governance matters for stakeholders.