Andrew Yule & Company passed seven of eight resolutions at its 78th Annual General Meeting held on September 24, 2026. The meeting, conducted via video conferencing, saw the rejection of a special business item proposing the removal of Chairman and Managing Director Ananta Mohan Singh.

The company reported that 44,520 shareholders were on the register as of the cut-off date of September 17, 2026. Of these, 72 shareholders attended the virtual meeting. The proceedings were chaired by Ananta Mohan Singh, who welcomed members and introduced the directors present through the digital platform.

Resolutions Passed and Rejected

The scrutinizer, M/s T. Chatterjee & Associates, confirmed that all ordinary business items and three special business items were approved with requisite majority. The sole resolution that failed to pass was Item No. 8, which sought the removal of Shri Ananta Mohan Singh (DIN: 03594804) as a director.

Meeting Proceedings and Attendance

The meeting commenced at 11:30 am in compliance with Ministry of Corporate Affairs circulars permitting virtual general meetings. Physical attendance and proxy appointments were dispensed with due to the virtual format. All directors attended except Shri Vijay Mittal, whose absence was attributed to unavoidable circumstances.

Statutory auditors M/s N. C. Banerjee & Co. and secretarial auditors M/s T. Chatterjee & Associates participated via video conferencing. The company secretary provided instructions on e-voting procedures facilitated by NSDL. Shareholders registered as speakers utilized the Q&A session to seek clarifications on the company's performance for the financial year ended March 31, 2026.

Andrew Yule & Company has completed the dispatch of the notice for its 78th Annual General Meeting and the annual report for FY26. The process concluded on September 2, 2026, in compliance with regulatory requirements.

The company published an advertisement confirming this completion in Financial Express (English) and Dainik Jugasankha (Bengali) on September 3, 2026. The communication was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sucharita Das, Company Secretary, digitally signed the intimation dated September 3, 2026.

Meeting Schedule and Logistics

The AGM will be held via Video Conferencing or Other Audio-Visual Means on September 24, 2026, at 11:30 am. The deemed venue is the registered office in Kolkata. Members holding shares as of the record date, September 17, 2026, are eligible to vote. Remote e-voting opens on September 21, 2026, at 9:00 am and closes on September 23, 2026, at 5:00 pm.

Voting Process and Scrutinizer

The company engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting and e-voting during the AGM. Smt. Indrani Chaudhuri, Practicing Company Secretary (Membership No. ACS 8739) of T. Chatterjee & Associates, has been appointed as the scrutinizer to ensure a fair and transparent voting process.

Members who cast votes via remote e-voting may attend the AGM but cannot vote again. Those who become members after the notice dispatch but before the cut-off date can request user IDs from NSDL or the company.

Key Agenda Items

Ordinary business includes adopting audited standalone and consolidated financial statements for FY26. Members will approve the continuation of Vijay Mittal as a director liable to retire by rotation and authorize the Board to fix statutory auditor remuneration for FY27.

Special business items focus on board composition changes:

• Continuation of Sharad Kumar as Director (Planning)
• Continuation of Kulbhushan Malhotra as Part-time Official Director
• Appointment of Singhai Sanjay Jain as Non-Official Independent Director for three years
• Ratification of cost auditor remuneration of ₹75,000 plus taxes for M/s Bandyopadhyaya Bhaumik & Co.

Proposed Removal of Chairman

A significant special resolution proposes the removal of Ananta Mohan Singh, currently serving as Chairman and Managing Director. This follows a special notice from shareholder Amrex Marketing Private Limited under Section 169 read with Section 115 of the Companies Act, 2013.

The Board has not expressed an opinion on the validity or merits of this proposal. The explanatory statement notes that Singh’s appointment and removal are governed by Presidential Orders and the Articles of Association. Singh submitted a representation clarifying that his occupation of company-owned accommodation is solely official and ceases with his tenure.

Director Profiles

Sharad Kumar brings nearly 30 years of experience in mining and explosives. Kulbhushan Malhotra has over 34 years of government service experience. Singhai Sanjay Jain is a Chartered Accountant with expertise in finance and law.