Andrew Yule & Company Limited reported a consolidated net loss of ₹19.19 crore for the financial year ended March 31, 2026, widening from a net loss of ₹2.84 crore in the previous year. The standalone net loss for the year stood at ₹31.09 crore. The Board of Directors, which met on May 26, 2026, approved the audited standalone and consolidated financial results but did not recommend a final dividend for FY26.

The company's total income for the year decreased to ₹3,828.65 crore from ₹3,752.74 crore in the previous year. Total expenses rose to ₹4,176.41 crore from ₹4,037.80 crore. Other income included a gain of ₹5,842.05 lakh on the sale of an investment in an associate company. The basic earnings per share for the year stood at a loss of ₹0.39 on a consolidated basis and a loss of ₹0.64 on a standalone basis.

Q4 Financial Performance

On a quarterly basis, Andrew Yule's performance remained under pressure. The company reported a net loss of 429M rupees in Q4, compared to a net loss of 123M rupees in the same period of the previous year, reflecting a significant year-on-year deterioration. Revenue for the quarter declined to 917M rupees from 975M rupees in the corresponding period of the prior year.

Annual Financial Highlights

The full-year consolidated financial results reflect the continued challenges faced by the company. The following table summarises the key annual metrics:

Auditor Observations

M/s. N. C. Banerjee & Co., the statutory auditors, issued an unmodified opinion on the financial results. However, the report highlighted several areas of emphasis and material weaknesses. The auditors noted that the company has introduced "Audit Trail" features only for limited financial transactions, and significant manual intervention in consolidation results in a higher level of audit risk.

The auditors also pointed out delays in the deposit of statutory dues such as Provident Fund, Gratuity, and Leave Encashment. The outstanding liabilities for these delayed payments as of March 31, 2026, amounted to ₹3,209.08 lakh for Provident Fund, ₹2,038.31 lakh for Gratuity, and ₹247.76 lakh for Leave Encashment. Additionally, a penalty was levied by SEBI for non-compliance with Listing Obligations and Disclosure Requirements (LODR) regulations regarding the formation of the audit committee.

Segment Performance

The company operates across segments including Tea, Electrical, and Engineering. The Tea segment reported a loss before tax of ₹87.09 crore for the year. The Electrical-Chennai segment reported a profit before tax of ₹6.17 crore, while the Engineering segment reported a profit before tax of ₹33.04 crore. The auditors noted that proposals for the closure of wholly owned subsidiaries Yule Electrical Ltd. and Yule Engineering Ltd. have been submitted to the Ministry of Heavy Industries.

Andrew Yule & Company Limited, a Government of India Enterprise, has intimated BSE Limited of its upcoming Board of Directors meeting, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The notice, dated May 19, 2026, was issued by Company Secretary Sucharita Das from the company's registered office at 'Yule House', 8, Dr. Rajendra Prasad Sarani, Kolkata-700 001.

Board Meeting Details

The 277th meeting of the Board of Directors is scheduled to be held through video conferencing on Tuesday, May 26, 2026, at 2.30 p.m. The key agenda items for the meeting are outlined below:

Trading Window Closure

In accordance with applicable SEBI regulations, the Trading Window for Designated Employees and other relevant persons shall remain closed until May 28, 2026. This closure is a standard compliance measure observed ahead of the announcement of financial results to prevent any potential misuse of unpublished price-sensitive information.

About the Meeting Agenda

The Board will, among other matters, consider and take on record the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026. Additionally, the Board will deliberate on the recommendation of a final dividend for the financial year 2025-26, subject to applicable considerations. The intimation was filed in compliance with the company's disclosure obligations under SEBI listing norms.