Andrew Yule & Company has been penalised ₹5,36,900 by BSE Limited for failing to comply with SEBI’s LODR regulations during the quarter ended June 30, 2026.

The exchange imposed the fine on May 25, 2026, citing violations of Regulation 17(1) of the SEBI (LODR) Regulations, 2015. The company disclosed this development in a letter dated August 26, 2026, filed under Regulation 30 of the same framework.

Waiver Request Filed

As a Central Public Sector Enterprise (CPSE) under the Ministry of Heavy Industries, Andrew Yule & Company has requested a waiver of the penalty. The company noted that the power to appoint board directors rests with the President of India, which contributed to the compliance gap regarding independent directors.

The firm stated it has engaged with its administrative ministry to expedite the appointment of the requisite number of independent directors to ensure future adherence to regulatory norms.

Regulatory Context

The penalty relates to disclosures made during the quarter ended June 30, 2026. The company confirmed receipt of the notice from BSE Ltd at 7:01 pm on May 25, 2026. The waiver request was formally submitted via letter on August 26, 2026.

Andrew Yule & Company has scheduled its 78th Annual General Meeting (AGM) for Thursday, September 24, 2026. The Board of Directors approved the date and agenda during its 279th meeting held on August 24, 2026. The company issued the intimation on August 25, 2026, pursuant to SEBI (LODR) Regulations, 2015.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) starting at 11:30 am. The Notice of the AGM along with the Annual Report for FY26 will be sent electronically to members who have registered their email addresses with the company or depositories. These documents will also be available on the company's website and the BSE Ltd website. Additionally, the notice will be available at www.evoting.nsdl.com .

Key Resolutions and Notices

The Board took note of a Special Notice received from shareholder Amrex Marketing Private Limited. The notice proposes the removal of Shri Ananta Mohan Singh as Director pursuant to Section 169 of the Companies Act, 2013. The Board approved placing this proposed resolution before the members at the ensuing AGM.

Additionally, the Board noted the Comments of the Comptroller and Auditor General of India under Section 143(6)(b) read with Section 129(4) of the Companies Act, 2013, on the Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026.

Voting and Book Closure Details

Members are eligible to cast their votes through a remote e-voting facility provided by National Securities Depository Limited (NSDL). Voting will also be available during the AGM. The Register of Members and Share Transfer Books will remain closed from September 18, 2026, to September 24, 2026, both days inclusive.

Members whose names appear in the Register of Members or list of Beneficial Owners as on the record date are eligible to vote. Members holding shares in physical form or those without registered emails must register their details with the company or their Depository Participants to participate. Sucharita Das, Company Secretary, signed the communication on behalf of the company.